Tainui Group Holdings
Annual Report
2013
15
for long-term
development
Ruakura
provides nearly
500
ha
of tribal
investments
in fishing
$33
m
TGH manages
Fishing
Fishing is a business that carries
continuous risks. These include
catching the quota, the make-up
and saleability of the catch and the
exchange rate. In the past these risks
have beenmanaged by others on
our behalf. Given recent regulatory
changes regarding foreign chartered
vessels, TGH has proactively sought
to maintain and improve the tribe’s
returns from fishing. We have
therefore chosen to align with Sealord
Limited in terms of fishing our deep-sea
quota, and with Aotearoa Fisheries
Limited in respect of our in-shore quota.
New investment strategy
As the Chairman has outlined, TGH
has decided to diversify its investment
strategy. The overall intention is to
grow earnings at a higher rate than the
cost of debt.
In terms of private company
investments, the first step will be to
appoint a Chief Investment Officer
(CIO), with proven capability not only
to look at investment propositions but
also refresh the framework in which
these decisions are made. This role
will complement the current
investment work at governance and
management level.
Up until this time we’ve looked at
pre-existing investment propositions
or ones we’ve been introduced to. With
the new CIO, we intend to build on the
sectoral analysis work we’ve already
done to identify specific targets for
investment.
TGH’s unique offer will be that of a
local investor that is there for the long
term, our ability to share a vision, our
experience in governing a business
that is managed to a high standard
and strong discipline. This is the same
proven philosophy that has been so
successfully applied over the course of
the last ten years. Hamilton Riverview
Hotel and
are clear illustrations.
Ruakura
Our proposed development at Ruakura
was a major focus during the year as we
worked our way through a number of
regional and local planning processes.
The first of these was Waikato
Regional Council’s Regional Policy
TGH has
proactively sought
to maintain and
improve the tribe’s
returns from
fishing.
The overall
intention is to
grow earnings at
a higher rate than
the cost of debt
and the first step
will be to appoint
a Chief Investment
Officer, with
proven capability to
look at investment
propositions.
Statement (RPS). This is a very
important document. It sets the
framework for all District Plans
within the area, as well as the Regional
Transport Plan. TGH and its partner
Chedworth Properties sought and
obtained approval for the Ruakura
project to be included in the proposed
RPS, and presented comprehensive
reports to the hearings in front of the
independent panel. At the time of
writing there are some appeals to the
Environment Court, and the RPS is
expected to be finalised in 2014.
The second was Hamilton City
Council’s Proposed District Plan (PDP).
The Council included in its April 2012
draft what is known as the Ruakura
Structure Plan, which gave effect to the
Ruakura provisions in the RPS – such
as zoning, permitted activities, roads
and services, the nature of the built
environment and so on.
Farmland at Ruakura, Hamilton.
