Community-owned Masterton Trust Lands Trust (MTLT) yesterday announced positive financial results and a small increase in overall property portfolio value for the 12 months ended 31 March 2018. Read more
Masterton Trust Lands Trust is a unique community-owned property trust, established in 1871 to own and manage surplus land not sold to Masterton’s working class settlers.
The original £165 parcel value of the trust lands has grown into a significant holding of commercial land and buildings in and around the centre of Masterton, valued at more than $68 million.
Income from property rentals is returned to the local community in the form of grants for educational, cultural and community activities. This concept has played a key role in the evolution of the town and continues to do so today.
We now lease 80 properties to around 100 local, national and international tenants. We continue to develop and refurbish property to meet the specific needs of new and existing tenants.