The Trust is pleased to present our annual report for the year ended 31 March 2021. The year brought unexpected challenges, but two years into our six-year strategy the Trust's finance and grants objectives are on target.
Like thousands of other students around New Zealand, Bianca Green of Masterton is, this week, sorting through mountains of gear she has hauled down to Dunedin and settling into university halls of residence.
Over many years we have developed purpose-built properties for a diverse range of local, national and international tenants – petrol stations, professional services, trade suppliers, rural services, restaurants and iwi organisations.
Many of the Masterton’s key commercial businesses lease property from MTLT. Overall, about 85 percent of our property is used for commercial purposes. In recent years, this has delivered a return of more than 7% per annum.