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Strategic direction
As I’ve stated in previous years, while the company’s
primary objective is to maximise returns to its
Shareholder, the strategies needed to achieve that do
not focus on short-term fnancial results.
TGH is a frmly committed multi-generational investor,
looking to grow and add value to its investment
portfolio over the long term.
In recent years our business has become more
specialised, with the emphasis on property
investment. This is in part a natural progression: as
we invest more deeply in our property holdings, they
increase in value relative to our other assets.
However the company has consciously sought to
diversify within that portfolio. Once
is
complete for example, it is unlikely we will pursue
other retail opportunities.
Hence also the current focus on Ruakura. If the
necessary Regional and District planning approvals
are obtained, it will become the main development
focus for the company for several years.
In 2012 the company continued to enhance existing
partnerships and develop new ones, as this long-
established strategy will remain a key to its future
success. For example, TGH is looking to sign a co-
investment agreement with
, the result of several meetings during the year.
TGH also invested in our people, supporting training
at all levels and recruiting new staff. Interest in our
graduate programme continues to grow, which is
extremely heartening, and at some stage in the future
we may expand the programme beyond four to fve
places. At a recent recruitment evening, we had 27
attendees, mostly of Waikato-Tainui descent, up from
19 last year.
Ruakura, Hamilton
Te AWA, The Base