Ngai Tahu has no immediate plans to expand its property portfolio in Dunedin, new property chief executive David Kennedy says.
The South Island's largest iwi, and the third-largest iwi in New Zealand, has a commercial asset base of more than $809 million including investment property in Dunedin.
However, Mr Kennedy did not rule out future development by Ngai Tahu in the city.
''If the right opportunity presents itself, then we will definitely look into it,'' he said.
Ngai Tahu property assets are valued at $600 million, including the Queenstown courthouse, police building and post office precinct, the police building in Dunedin and several buildings in Christchurch.
Mr Kennedy was appointed to the role two weeks ago after replacing long-serving chief executive Tony Sewell, who announced his resignation in June.
He was appointed Ngai Tahu Property general manager, Auckland, in June.
Before that, Mr Kennedy was Eden Park Trust Board chief executive.
He was also a board member of Ngai Tahu Property.
''I'm really excited [about the role].
''It's a great opportunity for me and I'm really looking forward to getting into it,'' Mr Kennedy said.
