The Tuwharetoa Settlement Trust and six other Tuwharetoa entities are now one of the largest landowners in the Taupo township after their purchase of 8500ha of Crown land around the Tongariro-Rangipo Corrections Facility.
The iwi collective paid about $20 million for land in the Hautu-Rangipo region, which includes the Hautu prison farm near Turangi.
The price paid for the forestry crop on the land is subject to commercial confidentiality.
The conditional sale and purchase agreement was announced yesterday by Corrections Minister Sam Lotu-liga and trust chairman Dylan Tahau.
Under the terms of the sale, Corrections will retain the prison buildings and ancillary buildings and lease the land under them, with about 700ha for a training farm, from the Tuwharetoa Settlement Trust.