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Motion for disclosure of confidential property assessment information granted for similar pharmaceutical properties but denied for non-pharmaceutical properties.
The moving party brought a motion for the production of confidential information held by the respondent regarding 24 pharmaceutical companies and five non-pharmaceutical companies, to assist in valuing its purpose-built pharmaceutical manufacturing facility.
The respondent and third-party property owners consented to the release of information for the pharmaceutical properties but objected to the non-pharmaceutical properties.
The Assessment Review Board found that the non-pharmaceutical properties lacked sufficient similarity to the subject property and denied disclosure for those five properties.
The Board ordered the disclosure of information for the 24 pharmaceutical properties, subject to strict confidentiality undertakings.