Quayside Properties Limited (QPL) owns 60 hectares of saleable land in The Business Park at Rangiuru, the majority of that is included in Stage 1 of the development. The rest of the land is held by other landowners. QPL is a wholly owned subsidiary of Quayside Holdings Limited.
Quayside acquired over 200 hectares of land at Rangiuru in 2003 for the purpose of creating a large format industrial zone to service the strong growth projected for the Bay of Plenty region. Quayside undertook a private Plan Change in 2005 to change the designation from rural to industrial, with final consent gained in 2008. There have been two further refining plan changes to adjust aspects of the development (2017 and 2019). The Business Park will be a total of 148 hectares.
Quayside has assets of over $3.1 billion, including a 54% stake in the Port of Tauranga, as well as other real estate, share and commercial investments.