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Major week for Colliers Valuers

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The Colliers Rural Valuation & Advisory Services team made key contributions at the Property Institute of New Zealand Property Conference that was held alongside the IVSC-WAVO Global Valuation Conference 2023 in Christchurch last week.

The conference objective was to connect property experts and enhance industry expertise, with an emphasis on connecting with valuation leaders and developing a greater understanding of industry ethics and standards.

Keynote speakers included global economics and geo-political expert Jonathan Pain, Belinda Storey, who specialises in climate risk, and Leader of the Opposition Christopher Luxon, who shared his experience and insight in dealing with complex, changing, and challenging commercial environments.

During the Property Institute of New Zealand’s (PINZ) annual general meeting, Colliers Director of Rural Valuation Blue Hancock was elevated to Life Membership for his substantial contribution to both PINZ and the New Zealand Institute of Valuers (NZIV).

Hancock is the only member to have presided over both Institutes as President and has worked in the valuation field for more than 40 years.

He currently serves in standards roles that continue to shape the property profession and is the current Vice-President of the World Association of Valuation Organisations (WAVO).

After registering as a valuer in 1986, he became an Associate of NZIV in 1987 before advancing to Fellowship of NZIV and PINZ.

Hancock has worked across many disciplines in valuation and now specialises in the rural sector where he is an authority in forestry land valuation, provides expert evidence, and acts as an arbitrator.

“I am incredibly proud to receive the honour of Life Membership status. It is rewarding to be recognised among your peers,” Hancock says.

Luke van den Broek, Associate Director of Rural Valuation at Colliers, who previously served as President of PINZ for three years, was integral in arranging and presenting rural valuation practices and insights at the conference’s field trip to a central Canterbury dairy farm.

NZ_AucklandCBD_Communications_Photo 2Ed Percy making his presentation at the conference.

Ed Percy, Colliers Director of Rural Valuation and Lincoln University Lecturer in the Department of Land Management and Systems, presented a technical paper at the conference outlining his research on the impacts of environmental regulation on farmland values.


At the conference gala dinner and awards ceremony held on Thursday night, Hancock was presented with the 2023 President’s Award from PINZ. The recipient of this award is acknowledged for showing unwavering commitment, while inspiring others in the industry.


“I am delighted to receive this prestigious award and want to thank my wife, Wendy, and my family for their ongoing support throughout my career,” Hancock says.


“It was great to be able to celebrate the special occasion alongside my colleagues.”


Meanwhile, Lauren Thomas, a graduate Valuer in the Colliers Healthcare & Retirement Living Valuation team in Christchurch, received the Property Institute of New Zealand Student of the Year Award, which is run in conjunction with Lincoln University.

Related Experts

Blue Hancock

Director | Rural Valuation

Richmond (Rural Valuation)

Blue has over 40 years valuation experience encompassing rural and resource interests, specialised agriculture  assets, public sector property (especially forest interests), expert evidence and management. His prior work in senior roles with both Valuation New Zealand and Quotable Value has given him broad property knowledge – with a particular emphasis in the forestry sector.

His client work has traversed a range of property types and issues including; forestry land valuations (lessor and lessee interests), Emission Trading Scheme issues, specialised assets, agribusiness, lifestyle subdivisions, valuations for financing, tax compliance, trust formation, relationship property disputes, Maori land issues, aesthetic land and compensation. In addition he has provided expert evidence and acted as an arbitrator in a number of judicial contexts. He has given evidence in the Valuation Tribunal, High Court, and Enviroment Court.

Blue’s work previously encompassed managing the rating revaluation and roll maintenance programmes for six local authorities in the South Island, giving an in-depth understanding of rating issues and the valuation of exotic forest land and national parks, and acting as Principal Consultant (Rural and Forestry) for Quotable Value. Blue’s more recent large-scale engagements have included the valuation of forest assets in Otago, Nelson, Marlborough, Gisborne, Hawke's Bay, Wairarapa and Northland for due diligence, financial planing or reporting and Treaty of Waitangi settlement purposes, as well as Crown Forestry License rent reviews. .

Blue’s personal involvement in agribusiness extends to ownership of a West Coast pine plantation and membership of the New Zealand Institue of Forestry and Farm Forestry Association. As past President of the Property Institute of New Zealand and former President of the New Zealand Institute of Valuers, Blue is highly regarded by both his clients and peers in the profession. He is based in our Nelson office and plays a key role in our agricultural and forestry sector practices and in our dairy pastoral and horticulture valuation teams..

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Ed Percy

Director | Rural Valuation

Christchurch (Rural Valuation)

Ed has over 20 years’ experience in property valuation and agribusiness throughout New Zealand. He is based in Christchurch and travels regularly to the regions. Prior to joining the Colliers International Rural and Agribusiness valuation team he was a senior valuer and business manager of a valuation firm in Central Otago which covered the lower South Island and spent four years as a farm manager on a sheep and beef farm in the Wakatipu Basin. Ed has also practiced as a valuer in Nelson/Tasman, Wellington and the Wairarapa.

Ed has agricultural and forestry interests in the lower North Island, completed the Kellogs Rural Leadership Programme in 2010 and obtained a Master of Property Studies degree in 2015. He has broad property related experience in both urban and rural sectors focusing more recently on specialized rural and commercial assets and the impact of nutrient regulation on land values.

Having spent a good portion of his career in agribusiness and partnering with rural businesses around New Zealand, Ed understands the challenges of the rural sector in changing current economic and political climates, and appreciates our clients need for quality specialist property advice.

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Luke van den Broek

Associate Director | Rural Valuation

Christchurch (Rural Valuation)

With over 13 years’ experience in providing valuation and advisory services throughout New Zealand, his expertise covers rural land valuation and advisory matters throughout Canterbury and the South Island with emphasis on valuations for bank lending, financial reporting and insurance.

With broad property knowledge, excellent technical skills, a personable nature and industry understanding, he is well positioned to provide valuations and advice, specialising in dairy, arable, pastoral and intensive farming operations.

His specialist knowledge coupled with attention to detail and his drive for excellence, and continuous professional development, mean he is a valuable and trusted advisor to his clients.

Luke van den Broek,  MBA | BBS (VPM & Agribusiness)
Registered Valuer

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