Auckland Property Valuation and Advisory Services
Comprehensive, expert commercial property valuation services across all asset classes
From corporatisation to privatisation, acquisition to disposal, financing to refinancing, our property valuation expertise covers every aspect of your commercial real estate needs.
Our experts specialise in Property Valuation in Auckland and possess the knowledge, skills and experience to provide you with valuation advice across all property types. We produce independent reports ranging from single valuations to entire portfolios within New Zealand.
Colliers Auckland-based Valuation Team
Colliers provide market valuations for financial reporting and mortgage finance purposes. All reports are undertaken within the requirements of International Valuation Standards and the Australian and New Zealand Valuation and Property Standards.
We determine 'market value' as the estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm’s-length transaction, after proper marketing and where the parties had each acted knowledgeably, prudently and without compulsion.
Our valuations team provide rental assessments to inform negotiations between landlord and lessee. The assessment outlines the current market rental for the premises as at the date of inspection or as per the lease document
Generally, the most appropriate method of rent assessment for rent reviews is comparison with other premises within the immediate vicinity, which have recently been leased or have been subject to recent rent reviews. The information from these comparable properties is adjusted for factors at variance with those of the subject premises, such as the size, position, location, lease terms and conditions, market trends and a number of other factors.
We consider 'market rent' as the estimated amount for which an interest in real property should be leased on the valuation date between a willing lessor and a willing lessee on appropriate lease terms in an arms-length transaction, after proper marketing and where the parties had each acted knowledgeably, prudently and without compulsion.
An insurance valuation estimates the cost of reinstating the property with a new modern equivalent for insurance purposes. An insurance valuation also provides an estimate of inflation costs through the insurance period as well as an estimate of demolition/site clearance costs and an indemnity value. Insurance valuations can also be required as a basis for calculation of the Fire Service Levy.
An insurance valuation is different to a market valuation in that it provides the cost to rebuild the building and excludes any value of the land. Insurance companies recommend that insurance valuations are completed every one to two years to ensure the current costs of building are taken into account.
Our valuation team are able to assist with tax queries to help you claim the appropriate tax benefits.
The IRD requires a Tax Depreciation Cost Allocation to ensure both the vendor and purchaser have appropriately allocated depreciation of the asset.
As at 1 April 2020 depreciation on commercial and industrial buildings has been reinstated. The applicable depreciation rates for the building structure are now 2% on a diminishing value basis and 1.5% on a straight-line basis.
Fit-out of commercial premises is also depreciable property, therefore it is important when depreciating fit-out to obtain a Tax Depreciation Cost Allocation soon after settlement. The property cost must be separated between non-depreciable land and depreciable building structure and fit-out by means of a market valuation.
A Tax Depreciation Cost Allocation assesses the fixed asset schedule and identifies components that can be separately classified (componentised) and depreciated.
Our team are also able to assist with purchase price allocations, which is when parties to the sale of two or more assets with different tax treatments allocate the sale price between the assets for tax purposes.
Generally for commercial property this relates to a breakdown of the sale price between land, building and fitout, at market values agreed between the vendor and purchaser at the time of sale.
1. If the parties don’t agree, the vendor can make the allocation.
2. If that does not occur, then the purchaser can make the allocation.
3. If no allocation is made the purchaser is treated as acquiring the depreciable property for nil, missing out on depreciation deductions.
A purchase price allocation is a requirement by the IRD from 1 April 2021 for property with a total purchase price over $1 million, or where the buyer’s total allocation to taxable property is more than $100,000.
Our Auckland valuation team has experts who can assist in this process at the time of sale. An additional service we can provide is a detailed breakdown of the fitout to assist with tax depreciation purposes if required.
Kane has over 20 years of experience in the New Zealand, Australian and UK real estate sector.
Kane’s experience is truly global having provided valuation and advisory services throughout the Pacific along with various pan-European and pan-Asian portfolio valuation assignments. In the UK he was directly involved in some of the largest development and land transactions including support for a corporate acquisition by US logistics giant Prologis and the provision of feasibility studies for the development of London’s Stratford regeneration, which includes Westfield Stratford and significant parts of the London 2012 Olympic site. Kane also lead the portfolio due diligence team assisting Colonial First State in their bid for the ING Retail Fund, including assets throughout New Zealand and Australia.
Kane is a past member of the Auckland Branch committee of the NZIV and more recently he was the Deputy Chairman for the New South Wales board of the RICS. He is a RICS Assessor and currently part of the Oceania Valuation Standards Board along with being Chairman of RICS New Zealand. In 2011 Kane was invited to become a Fellow of the RICS for his contributions to the Institution and the property profession.
Mark has 34 years experience in valuation and property advisory, working in both the government and private sectors of the property valuation profession. Mark has experience in a wide range of property classes advising on development proposals, undertaking feasibilty analysis and prepartion of Due Dillergence reports for acqusition or disposal. Marks valuation experience extends to Capital Valuations for audit and peer reviews for a number of the leading banks, financial and lending intitutions. Mark has advised clients on acquistions, disposals, rental and ground lease reviews, as well as presenting evidence in tribunal and arbitration hearings.
Michael joined Colliers International NZ Ltd in November 2000 and joined the Valuation & Consultancy Team in September 2001 and became a Registered Valuer in March 2005.
Michael specialises in the valuation of institutional grade assets particularly in the retail sector.
I am a Registered Valuer with 44 years’ experience since registration. My first 20 years of work were with the then Government Valuation Department and the last five as Senior District Valuer responsible for the district from Devonport to Kaipara District. When I left in 1985, I joined Eyles Purdy & Co Limited, which as owners we sold to Colliers in 1989.
Associate Director | Valuation & Advisory Services
Since joining Colliers Nick has been involved predominantly with industrial and suburban commercial valuation assignments including valuations for insurance purposes, mortgage security, acquisition and disposal, rental and ground rental reviews, purchase price allocations, tax depreciation schedules and assisting with the valuation of large portfolios.
Nick is on the valuation panels for Westpac, BNZ and Kiwibank.
Jacqueline joined the Valuation & Advisory business in October 2011 focussing predominantly on CBD and Fringe office valuations in the Wellington Region. Jacqueline moved to Auckland in 2016 and again is focussing predominantly on CBD and Fringe office valuations in the Auckland Region.
Jasmine joined Colliers International in October 2013 as a Graduate Valuer in the Wellington Office after a year working as an Assistant Property Manager at City Sales Real Estate upon completion of her Bachelor of Property and Commerce Conjoint Degree at The University of Auckland.
Jasmine previously worked under the supervision of Mike Horsley in the Wellington office on a range of Commercial and Industrial properties throughout the Wellington Region. Jasmine has moved to the Auckland office in June 2016 and now focuses predominantly on Industrial valuations in the Auckland Region.
Jono joined Colliers International in 2016 working predominantly on CBD and Fringe office valuations in Auckland.
Callum joined Colliers International in 2017 as Valuation Assistant assisting on various types of projects in Auckland.
Having completed almost three years of industry experience while at university, Callum joined Colliers with a strong knowledge of the Auckland property market. By the end of 2017 Callum will have completed a Bachelor of Commerce and Property conjoint degree.