Marked by a strategic recalibration, resilience-building, and a commitment to collaborative partnerships, 2024 has signalled a transformation across the Group business and investment portfolio.
As stewards of an intergenerational fund, Quayside has continued to focus on wealth preservation and growth, whilst safeguarding against risks and uncertainties.
We are proud to provide a $45 million dividend to our shareholder, Toi Moana Bay of Plenty Regional Council, an increase of 5.88% on the previous year. This distribution reduces the general ratepayer bill by an average of $380 per property, having a material effect for the people in our community. In addition the distribution provides pūtea (money) for the delivery and upkeep of services across the region, which is managed by Council.
This year, we undertook a strategic reset aimed at aligning our investment strategies with evolving market dynamics and long-term sustainability goals. Recognising the inevitability of market fluctuations, we have adjusted our approach to ensure sustainability in the face of uncertainties including increasing exposure to asset classes with defensive characteristics such as government and corporate bonds. Our commitment to transparency and stakeholder engagement remains pivotal, fostering trust and confidence amidst a dynamic economic landscape.
Resilience building across the business and portfolio has continued. This has been achieved through strengthening operational processes to enhance efficiency and mitigate risks, ensuring robustness in our investment decisions.
Diversification remains a cornerstone investment belief, allowing us to manage market volatility and optimise returns across varied economic scenarios.
Quayside has reinforced its commitment to partnerships as catalysts for innovation and growth. Collaborative efforts have enabled us to leverage diverse expertise and perspectives, enhancing our investment decisions and expanding our market footprint.
These partnerships are integral to our strategy of fostering sustainable growth and creating enduring value for our shareholder and wider stakeholders.
As we continue to manage a portfolio for future generations, we remain steadfast in our pursuit of long-term value creation and commercial excellence, alongside always being a good corporate citizen. Our journey is guided by humility and a deep understanding of the diverse risks and opportunities that shape our investment landscape.
Read the full 2024 Annual Report here
