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 2019, its asset base has a market value of over $2.6 billion, including $300 million worth of assets unrelated to the port.
In addition to growing the asset base, Quayside has also provided distributions and capital worth over $500 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.