Dear Georgie,

 

I refer to your request of 2 July 2024. I sincerely apologise for the
delay in responding to you. The University's response follows.

 

"I refer to the University of Auckland audit for the year ended 31
December 2023, which was carried out by the Office of the Auditor General
(OAG). In a letter to Minister Penny Simmonds, dated 20 May 2024, the OAG
explains this audit, and notes that your University 'had engaged an expert
to perform a market movement review using the previous valuation of land
and buildings undertaken in 2021.' Can i please request a copy of this
market movement review, under the OIA?"

The University engaged Beca Projects NZ Limited (“Beca”) to complete a
Market Movement assessment, with relevance to the previous valuation
completed as at 31 December 2021, to 31 December

2023. This market movement assessment includes property market analysis
and construction cost analysis using Beca’s intellectual property. The
document requested is withheld under section 9(2)(k) of the Official
Information Act, to prevent the disclosure or use of official information
for improper gain or improper advantage. You have the right to make a
complaint to an Ombudsman if you are dissatisfied with the University’s
response.

 

Yours sincerely,

 

Landon Watt
Legal Advisor
Office of the Vice-Chancellor

Waipapa Taumata Rau | University of Auckland  

 

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