Whanganui District Council Holdings Ltd

Overview

Whanganui District Council Holdings Ltd (WDCHL) is a Council Controlled Organisation (CCO) established in 2002, fully owned by the Whanganui District Council. Its primary role is to manage and oversee the Council's commercial assets, including GasNet Ltd, the New Zealand International Commercial Pilot Academy (NZICPA), and the Ports portfolio comprising the Airport and Marine Port. WDCHL also advises the Council on new investment opportunities and the strategic management of assets. WDCHL's governance brings business experience, industrial expertise, and an independent focus to the management of the Council's commercial operations. The company ensures that the assets under its oversight are well-managed, providing optimal financial and strategic returns to the Council. The financial proceeds from these assets are directed by the Council into areas and activities that benefit the entire Whanganui community and district. The company is accountable to the Council through an annual Statement of Intent, regular reporting to council meetings, and the publication of annual reports and financial statements. WDCHL is in the process of disestablishment, with the transition of its operations into the Council expected to be completed prior to the end of 2025. This process includes the transfer of all rights, assets, and liabilities to the Whanganui District Council, with subsidiaries continuing to operate and consolidate directly into the Council's group accounts.

Investment Focus

• Alignment with Council's strategic objectives
• Sustainable financial returns
• Community benefit

Portfolio Companies