MLV Property Valuations Capability Statement

MLV PROPERTY VALUATIONS Independent Advice. Senior Expertise. Statewide Capability.

COMMERCIAL | INDUSTRIAL | DEVELOPMENT | GOVERNMENT | ADVISORY

2026

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MLV PROPERTY VALUATION CAPABILITY STATEMENT

VALUATIONS GROUNDED IN MARKET REALITY INDEPENDENT ADVICE. SENIOR EXPERTISE. STATEWIDE CAPABILITY.

MLV Property provides independent valuation advice across metropolitan, regional and remote Western Australia and the Northern Territory.

With almost 100 years of combined valuation experience, our team delivers accurate, defensible advice to support confident property decisions.

Backed by one of Western Australia’s leading commercial sales and leasing teams, our valuers have access to current market intelligence and transactional insight across Western Australia.

This strong Western Australian capability is complemented by extensive valuation experience and professional connections in the Northern Territory.

Trusted by experience. Committed to independence.

Backed by accountability.

Every valuation reflects the expertise, integrity and professional accountability of our senior valuation team.

David Molony

Wayne Srhoy

Tony Gorman

AAPI

AAPI

FAPI

B. Com (Property & Finance)

Masters (Property)

B. Bus (Valuation and Land Economy)

Certified Practising Valuer

Certified Practising Valuer

Certified Practising Valuer

Licensed Valuer No. 44387

Licensed Valuer No. 45093

Licensed Valuer No. 42002

Western Australia

Western Australia

Western Australia

MLV.com.au

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MLV PROPERTY VALUATION CAPABILITY STATEMENT

HELPING SHAPE WHERE WE LIVE For decades, members of the MLV Property valuation team have contributed to many of Western Australia’s and the Northern Territory’s most significant infrastructure, redevelopment and public sector projects.

From easing congestion around Perth Airport, improving connectivity throughout the South West, to establishing the valuation framework for determining Rent for the Schedule 1, 2 and 3 National Parks in the NT, our team has provided independent valuation and advisory services that have contributed to projects helping shape the places we live and work in today.

It is a unique privilege to see the lasting impact of this work - whether driving to Perth Airport via the Forrestfield Airport Link, travelling along NorthLink WA, or heading south without stopping at the multiple traffic lights once synonymous with Bunbury.

The expertise behind these projects has been built over generations. Members of the MLV Property valuation team were mentored by respected Western Australian valuer Bob Richmond, whose influence helped shape many of the State’s leading valuation professionals and laid the foundation for a legacy of trusted government and infrastructure advisory work.

MAJOR PROJECTS INCLUDE:

TRUSTED BY:

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Bunbury Outer Ring Road

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Main Roads WA

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Forrestfield Airport Link

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DevelopmentWA

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Gateway WA Project

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NT Government

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NorthLink WA

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Public Transport Authority

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Westport Project

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Fremantle Ports

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Tonkin Highway Extension

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Department of Transport

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Albany Ring Road

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Western Power

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Bindoon Bypass

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Edith Cowan University

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Margaret River Perimeter Road

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Murdoch University

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METRONET Development Precincts

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Local Government Authorities throughout WA

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Redcliffe Train Station

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International Airport Rail Terminal

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Australian Marine Complex

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Fremantle Fishing Boat Harbour

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Kenwick Strategic Employment Area

OUR OFFICE LOCATIONS

SERVICE COVERAGE Kununurra

NORTHERN TERRITORY Broome KIMBERLEY

Port Hedland

Karratha

PILBARA

MIDWEST

GOLDFIELDS

Geraldton WHEATBELT

West Perth

Welshpool

Bunbury Busselton GREAT SOUTHERN Albany

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MLV PROPERTY VALUATION CAPABILITY STATEMENT

WHY CHOOSE MLV PROPERTY VALUATIONS? For almost 100 years combined, MLV Property’s valuation team has advised government, institutional, private and corporate clients throughout Western Australia and the Northern Territory.

Our team combines extensive valuation expertise with active sales and leasing insight, providing advice that is both technically robust and commercially relevant.

CLIENTS CHOOSE MLV PROPERTY BECAUSE WE OFFER: •

Independent advice

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Senior valuation expertise

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Statewide capability

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Commercial market intelligence

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Responsive service

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Proven experience across complex assignments

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Access to active sales and leasing data

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A trusted reputation built over decades

AT A GLANCE •

Nearly 100 years of combined valuation experience

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Three offices across Western Australia

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Strong Links to the Northern Territory

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Statewide valuation capability

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Licensed valuers

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Commercial and industrial specialists

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Trusted by government and industry

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MLV PROPERTY VALUATION CAPABILITY STATEMENT

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VALUATION ADVICE BACKED

BY MARKET INTELLIGENCE Property markets move quickly, and informed decisions require more than historical data.

MLV Property’s valuation team is uniquely positioned within one of Western Australia’s leading commercial property businesses, providing clients with access to real-time market intelligence across sales, leasing and investment activity.

This active involvement in the market allows our team to provide advice that is not only technically robust, but commercially relevant.

Whether advising on a single asset, a significant portfolio or a complex property matter, our focus remains the same: delivering clear, independent advice clients can rely on.

VALUATION ADVICE ACROSS: •

Commercial assets

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Expert determination

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Industrial assets

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Financial reporting and compliance

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Retail assets

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Highest and best use assessments

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Development sites

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Compensation valuations

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Mixed-use property

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Strategic asset advice

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Portfolio valuations

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Scheme contribution assessments

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Feasibility advice

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Ground lease valuations

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Rental assessments

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Seabed rental assessments

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Market rent reviews

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MLV PROPERTY VALUATION CAPABILITY STATEMENT

SPECIALIST ADVISORY CAPABILITY MLV Property regularly provides advice across some of Western Australia’s and the NT’s most complex property matters.

OUR SPECIALIST CAPABILITIES INCLUDE: •

Compensation and acquisition advice

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Infrastructure and public works projects

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State Administrative Tribunal matters

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Expert witness appointments

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Rental determinations

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Ground lease valuations

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Seabed rental assessments

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Public Open Space valuations

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Easement assessments

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Strategic asset advice

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Portfolio reporting

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Government consultancy assignments

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MLV.com.au

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MLV PROPERTY VALUATION CAPABILITY STATEMENT

WHEN DO YOU NEED A VALUATION? CLIENTS COMMONLY ENGAGE MLV PROPERTY FOR: •

Independent advice

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Buying or selling property

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Capital gains tax purposes

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Financial reporting and compliance

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SMSF purposes

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Family law and estate matters

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Litigation and dispute resolution

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Lease disputes and market rent reviews

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Asset and strategic planning

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MLV PROPERTY VALUATION CAPABILITY STATEMENT

EXPERIENCE YOU CAN TRUST MLV Property’s valuations division brings together some of Western Australia’s most experienced property professionals.

Together, our senior valuation leaders contribute almost 100 years of combined valuation experience across commercial, industrial, development and advisory services. Their expertise extends beyond traditional valuation assignments to include major government infrastructure projects, compensation matters, expert witness appointments and strategic advisory services across metropolitan, regional and remote Western Australia.

Supported by a dedicated valuation administration team and backed by the broader MLV Property business, our valuers are committed to delivering responsive service, timely reporting and practical advice.

The following profiles introduce the senior valuation leaders whose expertise, leadership and specialist knowledge underpin MLV Property’s reputation for delivering trusted valuation advice throughout Western Australia.

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DAVID MOLONY DIRECTOR | LICENSED VALUER AAPI, B.COM (PROPERTY & FINANCE) 0400 116 151 dmolony@mlv.com.au

David Molony is Director of Valuations at MLV Property and has more than 20 years of experience across Western Australia’s commercial property sector.

David leads MLV Property’s valuation division, providing valuation and advisory services across commercial, industrial, retail and specialised assets for private, corporate and government clients.

He is recognised for his expertise in compensation matters, statutory valuations, ground rental assessments and strategic property advice, regularly assisting local and state government bodies on acquisition, leasing, financial reporting and asset management initiatives.

David also acts as Determining Valuer in rental disputes and provides valuation advice on major infrastructure, development and government projects throughout Western Australia.

CAREER

SPECIALISATION

MLV Property Director of Valuations 2026 to Present

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Commercial, industrial and retail property valuations

McGees Property Perth Director of Valuations 2011 to 2026

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Compensation and statutory valuations

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Ground rental and seabed rental assessments

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Government acquisition and infrastructure advisory

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Financial reporting and portfolio valuations

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Scheme contribution and strategic asset valuations

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Rental determinations and determining valuer appointments

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Government, institutional and local authority advisory

Herron Todd White Licensed Valuer 2008 to 2011 Sullivan Valuation Services Valuer Trainee & Licensed Valuer 2002 to 2008

QUALIFICATIONS

MAJOR PROJECT EXPERIENCE

Bachelor of Commerce (Property & Finance) Curtin University

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Major transport infrastructure valuations across Western Australia.

Associate Member, Australian Property Institute (AAPI)

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Representation in State Administrative Tribunal matters, including significant compensation proceedings.

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Ground rental and strategic asset valuations for Fremantle Ports, Department of Transport and DevelopmentWA.

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Acquisition and compensation advice for major infrastructure projects including Gateway WA, Bunbury Outer Ring Road, Albany Ring Road, Westport and NorthLink WA.

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Portfolio valuations for DevelopmentWA, Edith Cowan University, Murdoch University, Western Power and Main Roads.

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Ongoing valuation and advisory services for government departments, local councils and private clients across Western Australia.

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Compensation assessments arising from the Margaret River and Parkerville bushfire events.

REIWA Certificate IV in Property Services (Real Estate) REBA Act 1978 Certificate of Registration as a Real Estate and Business Sales Representative Member of REIWA

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WAYNE SRHOY ASSOCIATE DIRECTOR LICENSED VALUER MASTER OF PROPERTY, AAPI 0412 678 114 wsrhoy@mlv.com.au

Wayne Srhoy is an Associate Director and Licensed Valuer at MLV Property with 28 years property experience including roles in valuation, commercial and industrial sales and leasing and commercial and retail property management. Wayne has experience in a wide range of commercial, industrial and residential sectors and has heavily been involved in providing consultancy advice to numerous government departments.

As a result of his involvement in several major Main Roads, Public Transport Authority and WAPC projects in recent years, Wayne has gained extensive experience in acting as the role of expert valuer in Commercial Arbitration, State Administration Tribunal (SAT) and Supreme Court disputes.

CAREER

SPECIALISATION

MLV Property Associate Director | Licensed Valuer 2026 to Present

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Valuation and consultancy for multinational corporations and government departments

McGees Property Perth Associate Director 2006 to 2025

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Experience across office, industrial, showroom, residential and englobo land assets

Egan National Valuers Trainee Valuer and Valuer 2003–2005

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Scheme contribution valuations and property auditing

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Public Open Space Cash in Lieu and compensation valuations

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Expert Witness experience in SAT, Supreme Court and Commercial Arbitration matters

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Rental submissions and rental determinations

Colliers International Commercial and Retail Property Manager and Commercial and Industrial Sales and Leasing Negotiator 2000–2003 Warren Tucker Pty Ltd Commercial and Retail Property Manager 1998–2000

MAJOR PROJECT EXPERIENCE •

Main Roads WA compensation valuations for major infrastructure projects including Great Eastern Highway (Rivervale to Redcliffe), NorthLink, Great Northern Highway Upgrade (Muchea), The Gateway Project, Armadale Road Upgrade, Bunbury Outer Ring Road and the Tonkin Highway Extension.

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Public Transport Authority valuations for significant public infrastructure projects including Redcliffe Station, the Airport Rail Link and the Kenwick Terminal development within the Maddington Kenwick Strategic Employment Area.

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Scheme contribution valuations and auditing for local governments and redevelopment authorities across Western Australia, including the Cities of Cockburn, Swan, Wanneroo, Gosnells and Kwinana, together with major redevelopment precincts.

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Ground lease and seabed rental advice for government agencies including the Department of Transport, Fremantle Ports, DevelopmentWA and local councils across Fremantle Fishing Boat Harbour, the Australian Marine Complex, Kwinana Heavy Industrial Area, Mandurah Ocean Marina and Port Coogee.

QUALIFICATIONS Masters of Property and Finance Curtin University Bachelor of English Curtin University Associate Member, Australian Property Institute (AAPI) Licensed Valuer & a current member of the Australian Property Institute Legislative Review Committee

TONY GORMAN DIRECTOR | LICENSED VALUER B.BUS (VALUATION & LAND ECONOMY), FAPI, CPV 0403 589 994 tgorman@mlv.com.au

Tony Gorman is a Director of MLV Property and has more than 30 years of experience across the commercial sectors of Western Australia and the Northern Territory, specialising in valuation, sales, leasing and strategic property advisory.

Tony’s expertise spans commercial, industrial and retail property, with extensive experience in development feasibility, compensation matters, infrastructure projects, leasehold interests and investment advisory. He is widely recognised for delivering practical, commercially focused advice to private investors, corporate organisations and government agencies.

Throughout his career, Tony has held senior leadership positions including Director roles with Acumentis in Western Australia and the Northern Territory, where he led multidisciplinary teams and managed complex valuation and consultancy assignments across metropolitan, regional and remote markets.

A Fellow of the Australian Property Institute and Certified Practising Valuer, Tony has played a significant role in shaping the property profession nationally. As National President of the Australian Property Institute, he contributed to industry governance, professional standards and the advancement of valuation practice across Australia.

Today, Tony brings his depth of experience, leadership and market knowledge to MLV Property, supporting clients across valuations, advisory, sales and leasing while helping drive the continued growth of the business throughout Western Australia.

CAREER

SPECIALISATION

MLV Property Director Valuations | Agency 2026 to Present

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Commercial, industrial and retail valuations

Acumentis Pty Ltd Director of Valuations, Northern Territory 2023 to 2025

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Property sales and leasing

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Development feasibility and financial reporting

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Leasehold interests and compensation matters

Acumentis (WA) Pty Ltd Director Valuations 2012 to 2023

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Infrastructure, green energy and aviation valuations

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Strategic property advisory

Sang Tai Hoo, Unipessoal, LDA Managing Director 2013 to 2018

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Expert witness and dispute resolution

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Government and institutional advisory services

Glendinning & Associates Director & Senior Valuer 1991 to 2012

MAJOR PROJECT EXPERIENCE

QUALIFICATIONS Bachelor of Business (Valuation & Land Economy) Curtin University

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Gorgon/Barrow Island LNG Gas Plant

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Wheatstone Project

Fellow, Australian Property Institute (FAPI)

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Roy Hill Port and Rail Area

Certified Practising Valuer (CPV)

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Woodside Maitland Industrial Estate Green Energy Project

National President, Australian Property Institute 2013–2014

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Merredin Solar Farm

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Various compensation, disputed rent and consultancy matters across WA and the Northern Territory

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MLV PROPERTY VALUATION CAPABILITY STATEMENT

SUPPORTING OUR VALUATION CAPABILITY Behind every valuation is a collaborative team of licensed valuers, sales and leasing professionals, trainee valuers and dedicated valuation administration specialists. Working alongside our senior valuation leaders, they provide the research, market intelligence, technical expertise and responsive support that underpin every assignment.

JUSTINE MITCHELL Valuation Secretary

Justine Mitchell is a Valuation Secretary providing administrative and operational support to the valuation team. With more than 30 years of experience in the property industry, she works closely with the firm’s valuers to coordinate valuation reports, manage workflows and help ensure the efficient delivery of valuation services.

P: 0401 347 866 E: jmitchell@mlv.com.au

ANNA GRISPOS Valuation Secretary

Anna Grispos provides administrative and operational support to the valuation team.

Working closely with the firm’s valuers, she coordinates valuation reports, client communications and day-to-day administration, helping ensure the efficient delivery of timely, accurate and professional valuation services.

P: 0409 979 001 E: agrispos@mlv.com.au

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MATTHEW CROFTS

AAPI | Certified Practising Valuer Sales & Leasing Agent Matthew Crofts is a Sales and Leasing Agent and Licensed Valuer at MLV Property, based in Perth, where he provides commercial property sales, leasing, valuation and advisory services to private, corporate and government clients across Western Australia.

P: 0409 572 773 E: mcrofts@mlv.com.au

GEOFF HILL

Licensed Valuer Sales & Leasing Agent Geoff Hill is a Sales and Leasing Agent and Licensed Valuer at MLV Property, based in the South West, providing commercial property sales, leasing, valuation and advisory services to private, corporate and government clients across the South West and regional Western Australia.

P: 0408 002 211 E: ghill@mlv.com.au

CHARLIE LAMB Trainee Valuer

Charlie Lamb is a Trainee Valuer at MLV Property, based in Perth, supporting the valuation team across commercial and industrial property assignments through market research, data analysis and valuation reporting.

P: 0488 551 052 E: clamb@mlv.com.au

MLV.com.au

NEED A VALUATION? Independent advice. Senior expertise. Statewide capability.

Speak with our experienced team today.

West Perth | Welshpool | Bunbury | Busselton

Head Office: Level 2, 26 Clive St, West Perth WA 6005 P: 08 9476 2000 E: mlv@mlv.com.au

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COMMERCIAL | INDUSTRIAL | DEVELOPMENT | GOVERNMENT | ADVISORY