A seminar outlining a new global property measurement standard is being held in Auckland on Wednesday, 15th February by Property Council New Zealand in association with the Property Institute and RICS.
Property measurement standards differ drastically around the world; the same building could measure up to 24 per cent different in size depending on the standard used.
This inconsistency results in confusion and increased risk for our increasingly interconnected global marketplace. To combat this increasing issue, an international group of more than 100 professional and standard setting organisations have been collaborating to develop a global approach to measurement, creating and implementing the International Property Measurement Standards (IPMS). RICS’ London-based director of global property standards, Peter Bolton-King, will explain why international standards have been developed and shares insights about adoption of IPMS in different markets around the world.
This will be followed by New Zealand based valuer and chair of the PINZ Standards Board, John Darroch, who will explain the differences between IPMS and the New Zealand Guide for Measurement, how IPMS will be implemented in New Zealand and the resulting industry benefits.
The two-hour International Property Measurements Standard seminar will be held at Warren and Mahoney, 39 Pakenham Street West, Auckland, 1010, starting at 5pm.
Contact Property Council New Zealand – Lel: 09 373 3086 or eEmail: [email protected] for more details.
