ARH reaches 9 per cent return

Auckland Regional Holdings (ARH), owner of Ports of Auckland, achieved a 9 per cent gross return on its investment portfolio for the year ended June.

ARH, the commercial arm of Auckland Regional Council, said it had diversified its portfolio during the year and retained a long-term investment strategy with a 30-year horizon.

The investment portfolio totalled $1.45 billion, with an annualised gross return on investments of 11.6 per cent since its inception three years ago.