CentrePort deal with ACC a boost to region's economy

CentrePort’s joint venture with ACC involving a 50% share of three Harbour Quays buildings is a great boost both to the port company and to the region, Greater Wellington Regional Council Chair Fran Wilde said.

“These Harbour Quays properties are a major asset for the region. This deal will provide CentrePort with funds that can be invested in important port infrastructure and new developments,” Fran Wilde said.

“CentrePort is a significant asset for not only the Greater Wellington Region but also the Horizons Region to the north and is jointly owned by both Councils.

“It is important that it is able to act as an efficient and effective hub for ocean freight entering and leaving our regions and able to compete with alternative ports in the north and south islands.

“The strategic value of CentrePort to both regions is recognised by it being publicly owned. This deal with ACC – also publicly owned and a blue chip investor – is a good fit,” Fran Wilde said.