The document summarizes negotiations between Estate One as the buyer and Pearl Investments as the seller of a large property in Hamilton. It was agreed that Estate One would purchase the property for 52 million. Both parties were interested in the commercial development potential of the property in the coming months. The best alternative to a negotiated agreement was estimated to be 60 million for Pearl Investments. The zone of possible agreement ranged from 36.5 to 60 million. Barriers to the negotiation included a lack of ability to discuss appraisals or future plans, and difficulty convincing Pearl Investments about commercialization potential. Estate One's negotiating powers included an existing offer, promises of increased future value, and their political connections. No ethical issues were noted.
The document summarizes negotiations between Estate One as the buyer and Pearl Investments as the seller of a large property in Hamilton. It was agreed that Estate One would purchase the property for 52 million. Both parties were interested in the commercial development potential of the property in the coming months. The best alternative to a negotiated agreement was estimated to be 60 million for Pearl Investments. The zone of possible agreement ranged from 36.5 to 60 million. Barriers to the negotiation included a lack of ability to discuss appraisals or future plans, and difficulty convincing Pearl Investments about commercialization potential. Estate One's negotiating powers included an existing offer, promises of increased future value, and their political connections. No ethical issues were noted.
The document summarizes negotiations between Estate One as the buyer and Pearl Investments as the seller of a large property in Hamilton. It was agreed that Estate One would purchase the property for 52 million. Both parties were interested in the commercial development potential of the property in the coming months. The best alternative to a negotiated agreement was estimated to be 60 million for Pearl Investments. The zone of possible agreement ranged from 36.5 to 60 million. Barriers to the negotiation included a lack of ability to discuss appraisals or future plans, and difficulty convincing Pearl Investments about commercialization potential. Estate One's negotiating powers included an existing offer, promises of increased future value, and their political connections. No ethical issues were noted.
Price agreed upon: 52 million. Parties Buyer: Estate One Seller: Pearl Investments Interests Large Property at Hamilton, Commercialisation coming up within a few months.
Value 66 million under commercialization BATNA 60 million:
ZOPA 36.5 million-60million
Barriers Cannot discuss appraisals, plans for future etc. Hard to convince about commercialisaton. Powers Already existing offer, Future promise of increase of value, political contacts of estate one.