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TGH purchased a third of the business in March
2014, with Ngaai Tahu Capital and Pioneer Capital
also holding a third share each. Since being
acquired the company has outperformed its
earnings forecasts and it has been significant how
international sales have made up for a drop in local
orders in the face of lower global dairy
commodity prices.
GO BUS
Go Bus, which operates urban, school and charter
services, is a market leader in the Waikato and in
cities such as Tauranga and Christchurch.
TGH partnered with Ngaai Tahu in August 2014 to
purchase the formerly Australian-owned company.
TGH purchased a third and Ngaai Tahu bought
the remaining shares. During the 2015 calendar
year and will be contesting major tender rounds in
the larger urban centres offering the potential to
significantly increase the scale of its business.
ROTOKAURI RESIDENTIAL DEVELOPMENT
TGH’s joint venture with David Lugton and Malcolm
McDonald to develop Rotokauri is tracking well,
with 49 sections completed to date. 700 sections
will be developed over the next two decades,
providing space for up to 20,000 people to live.
NGAA WHAKAHAERE HOTEERA
Hotel Operations
TGH’s three hotels – Novotel Tainui Hamilton, Ibis
Tainui and the Novotel Tainui Auckland Airport –
have continued to enjoy generally high occupancy
rates and TGH is considering options to optimise
the value from these holdings in the year ahead.
The two Hamilton hotels have installed free
charging docks for electric vehicles as part of their
ongoing commitment to sustainability.
Early adopters – Novotel Tainui Hamilton and Ibis Tainui
installed free charging docks for electric vehicles
Expressing our identity – entrance statement at Rotokauri
residential development
Go Bus – TGH acquired a one third share in Go Bus in August 2014
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