I think trying to estimate the additional value between 'cost'...

I think trying to estimate the additional value between 'cost' and appraised market value might be difficult. How does CSR account for increased pre development costs.

Looking at:

I am guessing (and really guessing, I am just starting to look at this), the net 'off balance sheet' benefit of CSR landholdings will be a % of the $1.1b

How much is the key!!!