Valuation Figures For Carisbrook Purchase

There has been a high level of media interest in the Council's purchase of Carisbrook announced recently.

In that announcement Mayor, Peter Chin, referred to the 'rigorous independent valuation' advice upon which the Council had relied in arriving at a purchase price of $7 million.

For the avoidance of doubt, and to avoid further speculation, Mayor Chin has decided to release the details of that valuation process.

The Council was guided in its deliberations by the advice of John Dunkley, from DTZ New Zealand Ltd, whose professional assessment was a figure of between $7.1 and $7.5 million for the three property packages - Carisbrook, the adjacent car park and a block of rental housing in Burns Street.

Contact details

Contact DCC on 477 4000.

Last reviewed: 27 Aug 2009 3:05pm