Archive | NZ Property Institute

Global valuation MOU signed

Published 27 October 2014
Some of the world’s largest professional valuation organisations will commit to comply with a single global set of standards for valuing assets after the International Valuation Standards Council signed a memorandum of understanding on Friday.

The Australian Property Institute said it was a significant step towards increasing confidence in the standard of care in global valuation. There’s been no single set of global standards.

Organisations that signed the memorandum were:

American Society of Appraisers
Appraisal Institute of Canada
Asociación Profesional de Sociedades de Valoración  (Spain)
Australian Property Institute
Canadian Institute of Chartered Business Valuators
Chamber of Professional Appraisers – Kazakhstan
China Appraisal Society
Expertise Institute for Valuation of Assets of Georgia
Hong Kong Institute of Surveyors
Institute of Philippine Real Estate Appraisers
Instituto Brasileiro Avaliacoes (IBAPE)
Indonesian Society of Appraisers
Nigerian Institute of Estate Surveyors & Valuers
Property Institute of NZ
Republican Chamber of Appraisers Kazakhstan
Royal Institution of Chartered Surveyors
Slovene Institute of Auditors
South African Institute of Valuers
Thai Valuers Association

Attribution: IVSC release.

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Crighton Anderson first firm to get new valuation accreditation

Published 11 June 2012

Crighton Anderson Property & Infrastructure Ltd, of Christchurch, is the first company to gain the Property Institute’s new accreditation in real property valuation.

The institute has been developing its quality assurance & accreditation scheme for a year, and offers accreditation in real property valuation, plant & machinery valuation, property & facilities management and property advisory.

Accreditation will be granted to firms which demonstrate they operate a robust quality management system, undergo onsite audits and have an evaluation of recently conducted valuation reports, among other requirements.

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Attribution: Company & institute release, story written by Bob Dey for the Bob Dey Property Report.

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Come in, so we can boot you out

Published 22 June 2006

The Institute of Valuers held a seminar in Auckland today (Thursday). At short notice, I was invited to attend. After half an hour waiting for the start of the one session I decided to attend, the chairman of the previous session came out and told me the media were expressly not invited to these seminars.

Wallop on, gentlemen, but do so by yourselves.

The institute is part of the Property Institute of NZ, which is holding a property summit this Friday. I’d intended to report on a couple of sessions there, too.

I won’t be walking up the hill to the venue to be unceremoniously booted out.

And as neither I, nor you, need to pay too much attention to these institutes’ business in future, I’ve removed their websites from my links page.

I don’t care who had authority to invite and who had authority to refuse entry, it was unprofessional stupidity.

During my short time in the conference room, I did notice that questioners from the floor weren’t given a microphone, and the speaker didn’t repeat the questions, so the audience didn’t know (unless they were close) what was being answered. Great fun making up the questions to fit the answers. Real professional show.

Wallop on, gentlemen, but do so by yourselves.

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Attribution: Story written by Bob Dey for this website.

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Fontein to deliver development seminars for NZPI

Published: 24 January 2005

Kensington Properties Ltd managing director Patrick Fontein is to present a series of

seminars on development for the NZ Property Institute. 

The seminars will be held in Christchurch on Monday 21 February, Wellington on

Tuesday 22 February, Tauranga on Wednesday 23 February & Auckland on Thursday 24 February.

Property Institute chief executive Conor English said the seminars would feature:

an overview of international property development trends and how they are likely to impact on New Zealand
consideration of property sectors likely to do well in the next 10-20 years
an holistic approach to property development principles
applying actual project examples & strategy used
considering the broad concepts & influences in evaluating the strength of a property’s upside opportunities
feasibility analysis from a developer’s perspective
development management, such as  options for setting up a project team
considering the baselines & demand drivers in the New Zealand market, and
the influence of the Resource Management Act & the regional council.

Mr Fontein is president of the Property Council’s Auckland branch, a fellow of the Property Institute with professional registration as a property consultant and is a member of the NZ Institute of Building. He has a BE (Civil) & an MBA majoring in corporate finance. Mr Fontein previously worked for Mainzeal Property & Construction Ltd & Fletcher Challenge/Fletcher Construction Ltd, and Costain Group in the UK.

At Kensington Properties he has focused on generating new & innovative property concepts that offer better value to their end users. The company develops & invests in projects of $2-30 million and has a $60 million forward workload. Kensington won the industrial excellence award at the 2004 Property Council awards.

Website: Property Institute

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Logan presents best paper at international congress

NZ Property Institute vice-president Gerard Logan won the best paper award this week at an international valuation conference in Taipei.

His paper, a lifestyle development case study, was awarded at the 22nd Pac Pacific Congress of Real Estate Appraisers, Valuers & Counsellors, an informal organization which holds its congress every 2 years.

37 papers were presented at the conference, which had as its theme Trends in restructuring of real estate in an economy in transition.

Mr Logan examined the drivers for lifestyle changes in New Zealand, using Esk Hills, a new lifestyle development 10km north of Napier.

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Ngai Tahu’s Tony Sewell gets NZPI industry award

The NZ Property Institute presented its industry award to Ngai Tahu Property Group’s general manager, Tony Sewell, at the institute conference in Queenstown at the end of July.

The award recognises an individual who, in a public or private capacity, has demonstrated the qualities of leadership & vision and/or positively impacted on the property sector, economy and/or community.

Mr Sewell has been responsible for establishing & growing Ngai Tahu Property, and played a significant role in negotiating the Ngai Tahu treaty claim settlement. The company now has total assets of $200 million and is involved in property investment & development throughout New Zealand.

Mr Sewell was Landcorp Property Ltd’s national operations manager before joining Ngai Tahu 10 years ago.

Other awards:

NZ young professional award, Campbell Stewart, of CB Richard Ellis, Auckland
Academic award, Professor Bob Hargreaves, Massey University’s professor of finance, banking & propertyJournalism award, Ann-Marie Johnson, of The Dominion Post.

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Joint Australia-NZ Property Institute conference for July

The New Zealand & Australian Property Institutes will hold their first joint conference this year, on 22-23 July in Queenstown.

NZ Property Institute chief executive Conor English said the event was expected to be held every 2 years, rotating between the 2 countries.

NZ Property Institute president Chris Seagar said: “There has been talk for some years of unification of our currencies, our stock exchange & our commercial laws. The reality is that increasingly our 2 property markets are becoming more closely integrated, both from an investment perspective & from a professional practice perspective. This conference is an important step in the development of unified property market practice between the two countries.”

The decision to hold a joint conference follows the release in February of the first set of unified professional practice standards, governing the professional practice of all members of both institutes.

The Queenstown conference, recognising the strategic tourism location of the venue, has the theme: “Thrills, spills & adventure in property.”

Websites: NZ Property Institute

Australian Property Institute


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