Published 27 May 2010
Napier valuation firm Logan Stone Ltd (Boyd Gross & Frank Spencer) has joined forces with Christchurch-based Crighton Anderson Property & Infrastructure Ltd (Greg Anderson & Tim Crighton, Christchurch; & Roy Austin, Auckland) to form Crighton Stone Ltd.
Mr Spencer said the combined venture would offer greater resource for traditional work, while providing leadership to individuals, business & Government entities grappling with the significance & value of tangible & intangible assets: “The future is about property rights, natural resources, energy, land corridors & access rights, water rights, infrastructure, the foreshore, emissions trading, ownership structures, fractional interests, environmental values & much more.
“All of these require much thought and the application of experience & pragmatism to resolve values and identify solutions in both market & non-market scenarios.”
The new firm has 17 staff spread around 6 offices in Christchurch, Marlborough, Nelson, Tauranga, Auckland & Hastings.
Mr Spencer said the 2 companies had worked closely in the past and it made sense to combine their areas of expertise, providing an independent niche practice.
Mr Anderson & Mr Austin are directors of independent investment bank Northington Partners Ltd, which has 10 investment banking executives in Auckland & Christchurch following a merger with Crighton Anderson Corporate Finance Ltd.
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Attribution: Company release, story written by Bob Dey for the Bob Dey Property Report.