Page 11 - PNMRT AnnRpt 2020

We have reduced activities at Hīkoikoi for the remainder of this year as Trustees have the responsibility to look after our staff welfare. Whilst we accept that it is somewhat frustrating, not abiding by the Ministry of Health rules can result in disaster so we must remain vigilant.
As well as maintaining the existing property portfolio, we are very pleased to announce that we have opened our new early childcare centre on Ngata Street. Trustees were pleased to attend the dawn opening which was led by Rangitane and the Mayor of Palmerston North – Grant Smith. The tenant, Learn-a-Lot Kindy, are delighted with this purpose-built facility and it is an asset we are all proud of.
Not only have we completed the childcare centre, we are well on the way with the development of new premises for Steve’s Tyres on the corner of Grey and Ngata Streets. We expect to complete this by December. We have completed the movement of two houses to 40 Fitchett Street and they are now tenanted.
All these projects of course will produce income to be recorded in 2020-2021 year’s accounts.
Palmerston North Ma¯ori Reserve Trust
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ANNUAL REPORT 2020