The valuation of the building and certain improvements will have a baring over the valuation.
But ultimately I believe what's more important is determining market rent & capitalisation rates.
My understanding is supply has been tight, and therefor rents have been increasing quickly.
So I'm guessing AJD will contend that market rent is higher than what is currently being paid & getting valuations based off the higher rate.
From memory the leases are CPI increases each year, with 5 year rent reviews. The recent Market Rent Review for Sydney saw a 10% increase
NXT Price at posting:
$7.51 Sentiment: Hold Disclosure: Held
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