Quayside was established in 1991 when it acquired a 55 per cent share in the Port of Tauranga from the Bay of Plenty Regional Council. Originally valued at $53 million, investment decisions have resulted in significant growth that has allowed Quayside to diversify its portfolio. At 30 June 2024, its asset base has a market value of $3.5 billion, including approximately $580 million worth of assets unrelated to the port.
Quayside has also provided distributions and capital worth over $728 million for the benefit of Bay of Plenty Regional Council and regional stakeholders. In terms of direct benefits to ratepayers in the Bay of Plenty, this represents a significant saving per household by reducing the amount collected in general rates. In the 2023/2024 year, the average general rates bill was offset by $380 per property.
INVESTMENTS ACROSS REGION
INVESTMENTS ACROSS REGION
THE LATEST FROM QUAYSIDE
The ability to diversify its shareholdings from complete reliance on Port of Tauranga shares has been a goal of Quayside Holdings. To this end, in 2003 Quayside Properties Ltd…
To provide the Bay of Plenty Regional Council with a consistent, sustainable, inflation proof intergenerational…