Christchurch City Holdings seeks active investment mandate

Christchurch City Holdings seeks active investment mandate
Christchurch City Holdings (CCHL) has warned that, even under the status quo, there may need to be co-investment in its businesses. (Image: CIAL)
Oliver Lewis
Christchurch City Holdings wants to become a more active investment manager, an approach it says could return nearly $450 million in additional dividends to Christchurch council.In 2022, the council released a strategic review of the commercial holding company that found the city, which has the largest investment portfolio of any council in New Zealand, wasn’t getting sufficient returns from its assets.In a letter released on Monday ahead of its discussion by councillors on Wednesday, Christchurch City Holdings (CCHL) chair Abby Foot...

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