TPLC leases the lands and buildings it owns, managing more than 50 leases and 40 licenses.
A License is a contractual arrangement that does not create an interest in land and is used generally for tenancy arrangements of less than 1 year in duration.
A Lease is a tenancy arrangement that does create an interest in land and any TPLC lease for a term in excess of 1 year requires TPLC Board approval.
Current tenants include the public sector, manufacturing and heavy industry, media and creative industry and retail.
As the property manager, TPLC staff oversees the operation of commercial and industrial real estate in the port lands including the provision of security, acquisition, control, accountability, responsibility, maintenance, utilization, disposition and physical capital assets.