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

Mon, 11 Dec 2023

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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