Quayside Holdings

What Quayside Holdings does

Quayside Holdings Limited is a Tauranga, New Zealand-headquartered investment holding company established in 1991, operating as a Council Controlled Trading Organisation (CCTO) wholly owned by the Bay of Plenty Regional Council. The company functions as an intergenerational endowment fund, preserving and growing capital for future Bay of Plenty ratepayers while delivering annual dividend distributions to the Council that reduce the average rates burden by approximately NZ$397 per property. Its portfolio is structured across three pillars: (i) Port of Tauranga (54.14% shareholding, NZ$2.84 billion gross assets as at 31 December 2025 — the anchor asset and New Zealand's largest port handling ~40% of national container cargo and 1,208,252 TEUs in the period); (ii) a diversified Investment Portfolio of NZ$502 million spanning global equities, property, fixed income, private equity (commitments to Pacific Equity Partners, Waterman Capital, Direct Capital, LGT Capital Partners, among others), real assets, and cash; and (iii) Special Purpose Assets including the Rangiuru Business Park (NZ$142 million, an industrial development in the Western Bay of Plenty) and real estate holdings such as Panorama Towers and a 36% stake in Tauranga Crossing.

The company operates an in-house investment function supported by a Board-level Investment Committee (established 2024) and external advisors with backgrounds at Fidelity, Citadel, DNZ/Stride, and Augusta Capital. Portfolio managers deploy capital through direct holdings, co-investment JVs (notably Panorama Towers with Carrus Group and Watts Group Investments), and fund commitments to third-party managers. Strategic moves in 2025 included securing Asclepius Surgical as the anchor healthcare tenant at Panorama Towers, completing PF Olsen / Forestry360 merger participation alongside Sydney-based Adamantem Capital, and reaching operational milestones at the Rangiuru Business Park (motorway interchange opening and first land sales). The Council's 2024 decision to enable potential divestment of part of the Port shareholding signals future capital-recycling optionality.

Quayside reported normalised earnings of NZ$66.5 million for the year ended 30 June 2025 on total fund value of NZ$2.7 billion (approximately NZ$19,453 per ratepayer). Portfolio returns were 6.5% one-year and 7.1% five-year rolling after fees and internal cost allocation; the Port of Tauranga share price rose 42% over the period, outperforming the NZX50 by 38.7 percentage points. Distribution to the sole shareholder (the Bay of Plenty Regional Council) is via formal annual dividend declarations, with NZX-listed Perpetual Preference Shares as a separate debt instrument. The company is governed as a CCTO with independent directors and complies with NZX continuous disclosure obligations as a debt issuer.

Name

Quayside Holdings

Legal name

Quayside Holdings Limited

Website

https://quaysideholdings.co.nz

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

1–10 employees

Short description

Quayside Holdings is the Bay of Plenty Regional Council's investment holding company, managing an NZ$2.7B intergenerational endowment fund anchored by a 54.14% stake in Port of Tauranga and a diversified investment portfolio spanning private equity, property, and direct holdings.

Ownership category

akta.pro rank

Product category

Regional Investment Fund Management

NAICS

Other Financial Investment Activities (5239), Portfolio Management and Investment Advice (523940)

SIC

Investors, Nec (6799), Investment Advice (6282)

akta.pro primary industry

Public Property & Asset Management (Federal Buildings, Fleet, Land) (BPAIAAAJ)

Keywords

• Intergenerational investment fund
• Infrastructure asset management
• Regional investment portfolio
• Port operations investment
• Private equity management

Headquarters

HQ city

Tauranga

HQ country

New Zealand

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others, Technology or R&D

Revenue model

1. Port of Tauranga Investment Returns: Dividends and capital returns from 54.14% shareholding in Port of Tauranga, New Zealand's largest port. The Port generated $174 million Group Net Profit After Tax for FY25.
2. Investment Portfolio Returns: Returns from diversified investment portfolio comprising global equities, property, fixed income, private equity, real assets and cash. Investment Portfolio Net Asset Value is $470 million as at 31 December 2025.
3. Real Estate Development: Returns from property investments including Tauranga Crossing Ltd (36% shareholding, returned 25.6% for the year) and Panorama Towers Ltd development. Property portfolio delivered 3.2% returns with $4.7m of rental income.
4. Private Equity: Returns from private equity investments through fund commitments to managers including Pacific Equity Partners, Waterman Capital, Direct Capital. PE returned 4.6% in 2025.
5. Dividend to Council: Annual dividend distributions to Bay of Plenty Regional Council, which reduces ratepayer burden by approximately $397 per property annually.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Quayside Holdings is a Council Controlled Trading Organisation that manages a diversified intergenerational investment portfolio on behalf of the Bay of Plenty Regional Council. Its portfolio comprises three components: (1) a 54.14% controlling shareholding in Port of Tauranga, New Zealand's largest port, (2) a $502 million Non-Port Investment Portfolio spanning global equities, property, fixed income, private equity, real assets and cash, and (3) Special Purpose Assets including the $142 million Rangiuru Business Park and co-investments in Panorama Towers and Tauranga Crossing. The organisation generates returns to fund annual dividend distributions to the Regional Council, reducing the rate burden on Bay of Plenty ratepayers.

Product overview

Quayside Holdings is a diversified investment fund operating as a Council Controlled Trading Organisation for the Bay of Plenty Regional Council. The company manages a three-part portfolio structure: (1) Port of Tauranga as the anchor asset representing the majority shareholding at 54.14%, (2) an Investment Portfolio comprising diversified asset classes including private equity, real estate, listed equities, and fixed income, and (3) Special Purpose Assets focused on regional benefit including the Rangiuru Business Park. The company operates as an intergenerational endowment fund, generating sustainable returns while providing annual dividends to support the regional council.

Differentiator

Problem solved

Functional benefit

Brands

• Rangiuru Business Park: Industrial development project in the Bay of Plenty region
• Panorama Towers
• Tauranga Crossing

Products and services

• Port of Tauranga Shareholding (54.14%) Majority-owned port operations serving as Quayside's anchor asset, representing $2.84 billion in gross assets as of 31 December 2025. The Port is New Zealand's largest and most efficient port, handling over 1.2 million TEUs annually and 40% of national container cargo. Generate dividend and capital returns for the Quayside investment fund held on behalf of Bay of Plenty Regional Council.
• Non-Port Investment Portfolio Diversified intergenerational endowment fund comprising private equity, real estate, listed securities, and liquid financial instruments, valued at $502 million. Includes holdings in global equities, property, fixed income, private equity (PEP Fund VII AU$15m commitment, Waterman Fund V NZ$11.5m follow-on, Direct Capital Fund VII NZ$7m commitment), real assets, and cash. Delivered 6.5% one-year return and 7.1% five-year rolling return after fees.
• Rangiuru Business Park Regional benefit asset (in development) valued at $142 million, supporting economic growth and employment in the Bay of Plenty region. Industrial development with motorway interchange, wetlands, and commercial land parcels that during construction phase supported 500 jobs. Leveraged Provincial Growth Fund, Local Government Funding Agency, and Regional Infrastructure Fund support.
• Tauranga Crossing (36% shareholding) Large regional shopping centre located in Tauranga in which Quayside holds a 36% shareholding, following an approximately $25 million follow-on investment in 2025. Returned 25.6% for the year and contributed to property portfolio returns of 3.2% with $4.7m rental income. Co-owned real asset investment.
• Panorama Towers (joint development) Mixed-use commercial property development in Tauranga CBD, developed in joint venture partnership with Carrus Group and Watts Group Investments, featuring healthcare anchor tenant Asclepius Surgical (locally owned surgical facility with six operating theatres, two procedure suites and 60 beds serving public and private patients).

Quantifiable outcome

• $397 average rates reduction per Bay of Plenty property annually
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core.

• PF Olsen and Forestry360coreStrategic or Co-development Partner · 11 December 2025New Zealand forestry management companies PF Olsen and Forestry360 merged, with Quayside Holdings as existing shareholder and Adamantem Capital as new investor. The merger aims to advance strategic development of both companies.
• Carrus GroupcoreStrategic or Co-development Partner · 1 January 2025Joint venture partner with Quayside and Watts Group Investments for Panorama Towers development in Tauranga CBD. Carrus brings property development expertise to the commercial project.
• Watts Group InvestmentscoreStrategic or Co-development Partner · 1 January 2025Joint venture partner with Quayside and Carrus Group for Panorama Towers development. Together the three partners secured Asclepius Surgical as anchor tenant.
• Asclepius SurgicalcoreOthersLocally owned surgical facility operator led by Dr. Mark Fraundorfer, serving as anchor tenant for Panorama Towers. Facility will include six operating theatres, two procedure suites, and 60 beds serving both public and private patients.
• Western Bay of Plenty District CouncilcoreOthersCouncil that received bulk infrastructure vesting from Rangiuru Business Park. Partnership enables essential services delivery and regional development.
• Northland Regional CouncilcoreOthersJoint owner (43%) of Northport Group Limited alongside Port of Tauranga (50%) and Tupu Tonu (7%). Quayside's Port holding participates in this consortium structure.
• Tupu TonucoreStrategic or Co-development PartnerPart of the consortium acquiring Northport alongside Port of Tauranga and Northland Regional Council. Represents iwi/Māori investment interests in northern infrastructure.
• HuakiwicoreStrategic or Co-development PartnerKiwifruit orchard investment entity. Quayside's real assets investment that delivered record dividend of $1.25m on back of strong crop returns and yields, returning 20% for the year.

Scale indicators14 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Tainui Group Holdings: New Zealand iwi investment entity managing a diversified intergenerational portfolio across commercial property, private equity, and direct investments. Highly comparable to Quayside as a long-duration NZ institutional investment fund balancing commercial returns with stakeholder benefit; also directly comparable as Quayside's CEO Lyndon Settle previously served as Tainui's GM Finance and Investments.
• Ngāi Tahu Holdings: Te Rūnanga o Ngāi Tahu's commercial arm, managing a diversified investment portfolio for the benefit of Ngāi Tahu whānui. Directly comparable to Quayside as a NZ iwi/cultural investment entity operating with intergenerational wealth-preservation objectives and a mix of passive holdings and active development.
• Christchurch City Holdings: Christchurch City Council's commercial investment arm, holding stakes in Orion, Christchurch International Airport, Lyttelton Port, and other regional assets. Closest structural peer to Quayside as a council-owned investment vehicle managing intergenerational public assets and returning dividends to fund council operations.
• Dunedin City Holdings: Dunedin City Council's Council Controlled Trading Organisation managing a diversified investment portfolio (Aurora Energy, Delta, Dunedin Stadium, etc.). Directly comparable as a smaller NZ council-owned investment entity with similar intergenerational-fund objectives.
• Foundation North: Auckland and Northland community endowment fund managing ~$1.3B for philanthropic distribution. Comparable to Quayside as a NZ long-duration endowment-style fund, though oriented to community grants rather than council dividend distributions.

Broad incumbents

• NZ Super Fund: New Zealand's sovereign wealth fund managing ~$80B+ across global equities, fixed income, private equity, infrastructure, and timber. Comparable as a long-duration NZ institutional investor with intergenerational return mandate, though materially larger and more globally diversified than Quayside.
• Infratil: NZX-listed infrastructure investor with major holdings in airports, renewable energy, healthcare, and digital infrastructure across NZ, Australia, and Europe. Comparable as a NZ-based long-duration investor with infrastructure exposure, but publicly listed and with broader geographic mandate than Quayside.

Others

• Port of Tauranga: NZ's largest port, in which Quayside holds a 54.14% controlling stake. Not a competitive peer but a major portfolio investment and Quayside's anchor asset, providing direct comparability on port operating metrics, valuation, and dividend flow.
• Direct Capital: One of NZ's longest-established mid-market private equity managers, in which Quayside holds a Fund VII commitment (NZ$7m). Comparable ecosystem participant with aligned NZ mid-market PE exposure; not a competitive peer but a key fund-of-funds relationship.
• Pacific Equity Partners (PEP): Top-tier Australasian private equity buyout manager, in which Quayside holds an AU$15m Fund VII commitment. Comparable as an aligned institutional capital partner in the Australasian PE ecosystem, but operates at materially larger scale and fund-level rather than as an LP allocator.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/quaysideholdings
• Instagraminstagram.com/quaysideholdings

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Quayside Holdings