GCG (Pty) Ltd acquired three two-storey buildings with a view to renting them out. The following costs were incurred in acquiring the buildings: Purchase price Property transfer costs Attorney costs legal services Borrowing costs Start-up costs Suitable tenants for the premises have been secured. R1 500 000 R 40 500 R 28 000 R 5 560 R 30 000 REQUIRED: Calculate the amount at which the buildings will initially be measured at. Support your answer with appropriate explanations in terms of IAS 40.