FAQ - Virtual Data Room
1. What is a virtual data room and what is its purpose?
Virtual Data Rooms are increasingly used in commercial transactions to facilitate electronic sharing of information that allows an investor to undertake due diligence. In this case, that is a secondary benefit. The first role of this Investor Room is to share existing information to help you better understand the Recovery Plan.
2. How can I benefit from using the virtual data room?
The Investor Room contains information relevant to the Recovery Plan and investment opportunities in the city from a wide range of sources so that you do not need to go to multiple sites to access it. This not only saves you time; it also gives you access to information that may not otherwise be freely available, reducing direct cost to you. It also ensures that everyone can access information, enabling better decision-making.
3. I am a citizen of Christchurch, not a direct investor or a developer. Will there be any information in the virtual data room that is useful to me?
Yes. Apart from information relating to specific investment opportunities you will find sections on such things as seismicity, land conditions and building performance that will help give you confidence that rebuilding in the city and occupying those buildings are sound decisions.
4. Is the information that is available in the virtual data room the only information that will be made available?
No, more information will be progressively added to the Investor Room to either reflect new information that has become available, provide information on specific projects, or to respond to identified information needs.
5. If the information I seek is not housed in the virtual data room is there any way I can access it?
There may well be, provided that CERA has access to the information and it is not sensitive or restricted. You can send specific information requests related to investment in the central city redevelopment by contacting the investment team. There is a link in the Investor Room main page that you can use to contact us here.
6. Why do I have to register to access the site and are my details kept confidential?
By registering we are better able to understand how the virtual data room is being used, and improve the service. It will also help the team to understand your requirements should you have further contact with CERA’s CCDU. Any personal information collected is in accordance with the CERA privacy policy.
7. The information on this site is public. If we need to exchange confidential or commercially sensitive information how will this be facilitated?
The CCDU has separate website which will be used to facilitate due diligence processes relating to specific opportunities or transactions. This facility is secure and designed to efficiently exchange detailed and confidential information between multiple parties, e.g. you, your professional advisers and CCDU. When you are ready to engage at this level of detail a relationship manager will work with you to set up this process.
8. How can I send (or request) confidential information for specific investment projects?
Please register your interest at https://invest.ccdu.govt.nz/register, and note what you would like to see. CCDU’s investment team will give you access to the information you need.
