• PROJECTS OVERVIEW
• Other Projects

Hyatt Hotel Building Report

• Client:Grand Central Management
• Date:2004
• Location:Auckland, New Zealand
• Value:Confidential
• Size:N/A
• Services Provided:
  • Valuations

Production of a due diligence report on physical condition and compliance issues of Auckland Hyatt Hotel.

Grand Central Management was interested in purchasing The Hyatt Hotel, a well known Auckland landmark.  Their brief to CPG included the need for a comprehensive due diligence report on the building's physical condition and any related compliance issues.

Identification of compliance issues included researching current Resource Consents and Building Act compliance and also investigations involving the New Zealand Fire Service, Auckland Regional Council and Territorial Authority District Planning to ensure that all licence requirements were met.  Also included was an accurate overview of the very complex unit title configurations. The report formed an essential component of the legal, financial and management assessments upon which the decision to purchase or otherwise was made.

In this case a number of potentially costly items not readily apparent were identified that led Grand Central to decide not to purchase. Even so, it represented excellent value for them.

CPD's experienced property services teams conduct Due Diligence surveys throughout New Zealand. Projects range from individual houses to commercial assets valued up to $100 million or more. The reports can also include 10 year asset depreciation schedules, BOMA measurements, valuations to suit the needs of potential purchasers and their financial backers.  The range of our professional services can be brought to bear in these comprehensive reports.