On the 22nd July 2021, Quayside celebrates our 30th anniversary. We have taken a bold and pioneering journey over those 30 years, a journey that has generated significant returns for the Bay of Plenty beyond expectations.
Along with lessening the burden of general rates for Bay of Plenty ratepayers, we have supported and invested in a variety of businesses and opportunities that generate positive environmental, social and governance outcomes for our community, embracing diversification along the way.
We have grown from $53M in 1991 to $3.1 billion in 2021, with our majority share of the Port of Tauranga valued at $2.7 billion. Dividends received from Quayside Holdings will allow Council to offset general rates increases by an average of $347 per property in 2021/2022, creating real impact for our community.
We have created $600 million worth of value for regional ratepayers in total, with the inclusion of the Regional Infrastructure Fund through the issuance of Perpetual Preference Shares (PPS) and the initial payment to the Bay of Plenty Regional Council to acquire the Port stake.
Our investments are long-term and intergenerational – we will be providing returns and creating wealth for our community for generations to come.
The team at Quayside are fully committed to our continued journey – our best stories are ahead of us.