text: the company is part owner of an investment in which it has a 25% ownership interest. the company has determined that it does not have 
  control as it holds less than a 50% ownership interest. This investment is a joint arrangement which is separately incorporated. It is deemed 
  that the joint arrangement is separate from the Company, having no direct interest in the assets and obligation of the joint arrangement. The 
  Company has (after considering the structure and form of the arrangement, the terms agreed by the parties in the contractual arrangement and 
  the Company’s rights and obligations arising from the arrangement) classified its interest as a joint venture under IFRS 11. As a consequence it 
  accounts for its investment in the joint venture using the equity method. 
  
  **Estimates**
  
  *Valuation of Investment Properties*
  The fair value of investment properties is partially determined by independent real estate valuation experts (the “External Valuator”) using 
  recognized valuation techniques and partially by Management. The External Valuator uses the capitalization of net income method to determine 
  the fair market values. In some cases, the fair values are corroborated by recent real estate transactions with similar characteristics and location 
  to those of the Company’s assets. Management’s internal valuation model is also based on a capitalization of NOI by property, using property 
  specific quarterly cap‑rates, provided by an independent qualified valuation professional. 