Rangatira Annual Report 2023 - Flipbook - Page 28
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R anga tira Annua l Rep or t 2 0 2 3
Polynesian Spa
Polynesian Spa provides a unique geothermal spa experience
on the shores of Lake Rotorua with up to 300,000 visitors
each year.
Rangatira was a principal investor in Polynesian Spa at
its 1972 inception. Our continued support over the years
has enabled them to grow into one of Rotorua’s premier
attractions, adding numerous new facilities such as retreats,
reflexology walks and plunge pools.
The business has recovered well following the re-entry of
tourists to New Zealand and is quickly returning to profit
levels pre-Covid.
Investment Date
1972
Ownership Interest
51%
Rainbow’s End
Rainbow’s End typically entertains over 400,000 guests a
year at its theme park in Manukau, Auckland.
Rangatira’s investment has allowed for a rejuvenation of the
park, including a $2.3m investment in the new Stratosfear
ride, an expansion of its Kidz Kingdom, refresh of the
iconic log flume ride and recent addition of new attractions
including an immersive theatre experience, Spectra, and City
Strike Laser Tag.
Post pandemic, Rainbow’s End financial performance has
traded strongly and Rangatira expects a return to solid cash
yields from this investment.
Investment Date
2013
Ownership Interest
100%