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 property 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 value. 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 
  normalized net operating income (“NOI”) by property, using property specific quarterly capitalization rates (“cap‑rates”), provided by an 
  independent qualified valuation professional. 