The Overseas Investment Office has consented to Stride Property Ltd’s sale of 3 large format retail properties to Investore Property Ltd for $140.75 million, and the 2 related companies expect to finalise the deal tomorrow.Read more →
Kiwi Property Group Ltd reported a $290 million (8.5%) decrease in the fair value of its property portfolio on Monday.Read more →
This article was originally titled: Valuation uncertainty forced deferral of Asset Plus rights issue. However, Asset Plus makes it clear the valuation problems affect all entities in the sector with 31 March balance dates.Read more →
Auditor-general Greg Schollum has told the country’s 12 port companies their performances can’t be compared, largely because of their different approaches to property valuation.Read more →
Real estate agency Barfoot & Thompson said on Friday data it had compiled showed new Auckland Council valuations were largely in line with the expected price brackets when compared to actual July property sales.Read more →
In anything in life, there is a trade-off between risk & reward.
Most people understand this in all the things they do… until they get involved in property.
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.Read more →