More than 200 people took the opportunity to be part of an open day at Tautane Station, one of the North Island's biggest sheep and cattle stations, bought by Ngati Kahungunu Iwi Incorporated in May.
The new owner held the open day on Saturday, for iwi members to walk over the 3680ha station near Herbertville in the Tararua district.
Ngati Kahungunu Iwi Asset Holding Company bought the station from the Herrick family which had owned the property for 111 years.
The deal was signed on May 17 but the purchase price, which Hawke's Bay Today understood was to be revealed at the open day, remained a mystery.
Quotable Valuation's rating data for 2011, showed the capital value of Tautane was $4.275 million and its land value was $3.925 million. Asset holding company chairman Rangi Manuel said the iwi authority wanted to let its members know of the cost via a letter rather than through the media.