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About Us
Far North Holdings Limited is the commercial arm of the Far North District Council (FNDC), tasked with a specific Statement of Intent to drive economic and community development across the region.
Operating commercially over the past 18 years, Far North Holdings has pioneered numerous economic and community initiatives across Northland and stands at the forefront of stimulating growth and prosperity for the benefit of Far North ratepayers.
Notable projects include - Opua Marina, Ngawha Innovation and Enterprise Park (NIEP), 60 homes with Te Hau Ora O Ngapuhi through its subsidiary Northern Housing, community projects such as Manea, Te Hononga and Ngawha Hot Springs.
These projects have attracted significant investment into the region and have created a wealth of employment opportunities, enhancing the quality of life for local communities.
Through a maritime contract with FNDC , Far North Holdings has secured funding that has enabled the company to deliver key community marine infrastructure projects at Hokianga, Mangonui, Unahi, Pukenui, Paihia, Russell and Opua.
Our Purpose
To contribute to the sustainable prosperity and well-being of the Far North through astute commercial development, investment and management of assets and infrastructure.
Accountable Governance and Reinvestment
Under the guidance of an independent, professionally-appointed Board, Far North Holdings operates with financial responsibility and integrity, reinvesting 50 per cent of its profits into vital infrastructure, assets and new business ventures.
The Far North Holdings Board is also responsible for overseeing the management of the company, ensuring alignment with the goals and objectives captured in our Statement of Intent, which is reviewed and agreed upon annually with FNDC.
Our Guiding Principles & Values
Economic & Community Outcomes
Our strategic approach has mitigated the need for higher general rates, with Far North Holdingss activities helping reduce rates by securing grant funding for key infrastructure that would otherwise be funded via the LTP, contributing directly $385,000 a year in rates itself from the property it has built and owns and in paying council an annual dividend.
We are dedicated to delivering tangible benefits to our community, including local whānau, businesses and ratepayers.
In addition to the direct positive impact that our asset portfolio delivers our investments and strategic management continues to have a wide reach, uplifting and supporting the community that we serve.
