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
From large national tenants, such as The Warehouse, to small family-owned businesses in the central business district, retailers make up a significant proportion of our tenants, many with medium to long-term leases.
We are continually upgrading and developing suitable properties, many within the central business district, to meet the needs of existing and new retail tenants. Large areas in and around Masterton’s CBD have been owned by the community, through MTLT, since the town began its development in the 1800s.
Through the Trust, the Masterton community owns these properties and benefits through grants from rental income returned year after year.