
ECT’s investment portfolio is made of passive investments (term deposits, shares, international currencies, and property), the Eastland Group, and the Eastland Development Fund Limited (EDFL). The EDFL is currently under review and may be restructured to focus on commercial and community investment within the region.
Eastland Group Limited
Eastland Group is the commercial arm of ECT and our largest investment. Eastland Group is made up of businesses crucial to the Gisborne district economy and are focussed on three areas – energy, logistics and aviation. The group consists of Eastland Network Limited, Eastland Port Limited, Eastland Infrastructure Limited and a number of other subsidiaries.
ECT is the only shareholder of Eastland Group and in April 2010 the Trust subscribed to $30 million in capital notes with the group.
All capital notes issued by the group pay interest to the Trust at commercial rates.
The Trust is committed to supporting new investment initiatives within the group where the projects are commercially attractive to the Trust.