Western Valuers Company Profile

Western Valuers

Company

Profile »» Real Estate Valuation »» Real Estate Strategic advisory »» Plant, Machinery & Equipment Valuations

www.western-valuers.com Info@western-valuers.com +971 04 220 8174

About us About Us

W

estern Valuers – is a Dubai (UAE) based consultancy firm

W

e are advising clients ranging from

banks,

financial

of Registered Chartered Valuation

institutions,

Surveyors

private investors, and homeowners

and

providing

Business

Real

Assets

Estate

(Plant

&

investment

firms,

to major developers across UAE.

Machinery) valuation and Real Estate Development advisory services.

We

understand

that

We

help

our

make

a

clients

to

well-informed

business decision, reducing risks

transparency

and improving overall success by

and consistency are fundamental in

providing tailored services suit our

order to deliver high-quality valuation

client’s particular requirements. We

advice that meets regulatory bodies

provide detailed, accurate, reliable

and our client’s expectations and

and

requirements.

reports supported by reliable market

objectivity,

globally

accepted

O

bjectivity,

transparency

consistency

are

and

fundamental

in order to deliver high-quality

valuation advice

valuation

research and expert’s opinion.

2

Co m p a ny Pro f il e

|

in fo @ wes ter n -va l uer s.co m

|

w w w.wester n-valuers.com

Co m p any Pro f ie

|

in fo @ we ste r n -valu e r s. co m

|

w w w.we s te r n -va l u e r s.com

3

We

are

an

independent

consultancy

firm

not

owned by a bank or investment institution

and,

focusing

only

on advisory service and, do not provide or distracted by any agency, brokerage or investment services and the like therefore our valuation reports and advisory works are totally impartial, independent and not compromised by conflicts of

Our

We believe in a core group of guidelines that demonstrate our commitment to deliver a finished definable service that has added value.

Philosophy

interest.

OUR MISSION Our philosophy guidelines are as follows: »» Doing outstanding work »» Respect, consideration and recognition

Helping our clients to make an informed business decision and reducing risks by providing Reliable, professional, comprehensive, impartial valuation and strategic advice compliance with International IVS & RICS.

»» Focusing on our client’s needs and goals »» Appointing highly competent and skilled professionals »» Providing proactive assistance and feedback »» Transparency & Competitive Fees »» Assurance Time Schedule

4

Co m p a ny Pro f il e

|

in fo @ wes ter n -va l uer s.co m

|

w w w.wester n-valuers.com

OUR VISION To be a valued partner to our clients and an asset to our communities and recognised as a leading independent provider of valuation and development advisory.

Co m p any Pro f ie

|

in fo @ we ste r n -valu e r s. co m

|

w w w.we s te r n -va l u e r s.com

5

Real Estate Valuation Western Valuers has a vast experience in Valuation of Real Estate assets; we perform valuations range from a single asset to portfolios, for a range of property types.

A

ccurate

and

valuations are essential for a

well-functioning and transparent real estate market.

We

and reliable valuations are essential for a well-

Our

We

detail-oriented process to ensure the

our

is complete, precise, objective and serves

clients with a well-researched and

their specific purpose while keeping within the

provides

accurate estimation of their property’s worth

expected timeline and cost.

and allows them to determine the best use for their real estate asset and its optimum market selling price.

6

implement a comprehensive and

information we collate and present to clients

service

Co m p a ny Pro f il e

We We

in all real estate decisions. Accurate

valuation

key service

Our industrial appraisal and valuations conform with the Guidance Notes laid down by the Royal Institution of Chartered Surveyors, and are carefully devised to arrive at the fair market value of the any asset, from a single machine to the entire contents of hundreds of manufacturing facilities.

work closely with our clients to help them make informed

decisions and reducing risks.

understand the role valuation plays

functioning and transparent real estate market.

Industiral Assetes Valuation

reliable

organize our services into three main business lines,

which are naturally and inextricably

Strategic advisory

woven together, inspiring us to work across disciplines and geographies to deliver professional advice to complex

We provide real estate development advisory service for various of purposes that enable our clients to make an informed decision about the projected success of a project from the financial and non-financial perspectives of a proposed concept or project. .

issues. »» Real Estate Valuation »» Real Estate Strategic advisory »» Plant, Machinery & Equipment Valuations

|

in fo @ wes ter n -va l uer s.co m

|

w w w.wester n-valuers.com

Co m p any Pro f ie

|

in fo @ we ste r n -valu e r s. co m

|

w w w.we s te r n -va l u e r s.com

7

Real Estate Valuation Service RESIDNETIAL REAL ESTATE »» »» »» »» »» »»

VACANT LANDS INDIVIDUAL APARTMENTS & VILLAS VILLAS VILLA COMPOUNDS APARTMENTS / VILLAS TOWNHOUSES

When companies require an objective and independent assessment of value, they look to Western Valuers

COMMERCIAL PROPERTIES »» RESIDENTIAL / COMMERCIAL BUILDINGS »» COMMERCIAL & OFFICE BUILDINGS »» MIXED-USE DEVELOPMENTS

»» »» »» »» »» »»

SHOPPING MALLS SCHOOLS OFFICES RETAIL / SHOPS SHOWROOMS LABOUR ACCOMMODATION INDUSTRIAL PROPERTIES »» »» »» »» »» »»

FACTORY BUILDING WAREHOUSES PRODUCTION FACILITIES INCLUDING OIL & GAS FACILITIES, DISTRIBUTION DEPOTS INDUSTRIAL LAND FACTORY SHEDS

»» Sensitivity Analysis and

»» Year-end valuations

Scenario planning

»» Insurance valuations »» Purchase and Acquisition

HOSPITALITY VALUATION »» »» »»

»» Secured Lending valuation »» Highest & Best Use Studies

advice

HOSPITALITY PROPERTY LEISURE & RESORTS SERVICED APARTMENT

»» Valuation for disposal and Marketing

»» Commercial Real Estate Investment advice »» Site analysis and investment viability assessment

»» Development appraisal.

»» Rent Review Valuation

»» Feasibility Studies

8

Co m p a ny Pro f il e

|

in fo @ wes ter n -va l uer s.co m

|

w w w.wester n-valuers.com

Co m p any Pro f ie

|

in fo @ we ste r n -valu e r s. co m

|

w w w.we s te r n -va l u e r s.com

9

Our development advisory used for various purposes, »» Seeking finance or partnership

including:

»» Assess project viability

financial

feasibility/

»» Decision making (Develop, develop in phases, Sell or dispose of, Defer or wait) »» Determining site value and maxim amount developer can bid for a site and meet their targeted profit »» Investment Financing

S

»» Establish whether desired development products is viable or not.

trategic planning is an essential component of the real estate development cycle.

»» Help to identify feasible options »» Highest and best-use studies for vacant land plots

Development Strategic Advisory »»

Our expertise includes the followings: »» Development appraisal.

»» Pre-feasibility studies

»» Highest & Best Use Studies

»» Financial analysis and cash flow

»» Sensitivity Analysis and Scenario

T

he primary objective of a market and financial

feasibility study is to provide

modelling

an impartial assessment of project viability.

»» Competitive benchmarking

planning

»» Site analysis and investment »» Customised

ad-hoc

market

research

viability assessment

»» Market and financial feasibility »» Land Residual Value Analysis studies

10

Co m p a ny Pro f il e

»» Option analysis |

in fo @ wes ter n -va l uer s.co m

|

w w w.wester n-valuers.com

Co m p any Pro f ie

|

in fo @ we ste r n -valu e r s. co m

|

w w w.we s te r n -va l u e r s.com

11

Industrial Assets Valuations (Plant & Machinery Valuation) Our valuation experience covers the valuations of: »» Construction & Heavy Equipment

» » Marine vessels and container port

»» Automobiles & Logistics Equipment

» » Mines and quarries

»» Aircraft and airport

» » Petroleum industry

»» Chemical & Plastics

» » Pharmaceutical industry

»» The electronic and electrical industry

» » Public utilities

»» Energy and water industry

» » Textile industry

W

hen companies require an objective and independent assessment of value, they look to Western Valuers

»» Food and beverage industry

How Can we help Our you

team of RICS Registered Valuers are fully qualified Members of the Royal Institution of Chartered Surveyors offer a full-plant and machinery valuation service are able to provide you with a comprehensive valuation based on research and market knowledge.

12

Co m p a ny Pro f il e

|

in fo @ wes ter n -va l uer s.co m

|

w w w.wester n-valuers.com

Co m p any Pro f ie

|

in fo @ we ste r n -valu e r s. co m

|

w w w.we s te r n -va l u e r s.com

13

Case Studies Client UAE Bank Location Trade Center Second, Dubai, UAE

Hotel Valuation

Scope of service

Dubai based developer

Providing Market Value (MV) professional advice in compliance with IVS and RICS Standards for secured lending purposes.

Location

Property key information

Scope of service

The property is a 50 storey operating fully furnished hotel. The property has a total of 430 guest rooms comprises a mix of Deluxe Rooms, One-bedroom Suites, One-Bedroom Premium Suites and Two-Bedroom Suites.

Market & Financial Feasibility Study for internal management purposes.

Our approach We have utilised Income Approach (Also known Profit Method). This method required: »» Detailed property and Past performance analysis »» Benchmark analysis including ADR, RevPARs, and Occupancy rates

Client Private Investment Company Location

in fo @ wes ter n -va l uer s.co m

»» Built Up Area 535,453 Sqf Our approach »» Providing a detailed real estate market research and analysis, performance data (rentals, sales, etc.), market trends, site analysis and benchmarking analysis. »» Financial feasibility contains profit performance indicators (DSCR, NPV, IRR, payback period)

Providing Fair Market Value (FMV)professional advice in compliance with , IFRS, IVS and RICS Standards for Annual Financail Reporting.

Trade Center Second, Dubai, UAE

Property key information

Providing Market Value (MV) professional advice in compliance with IVS and RICS Standards for secured lending purposes.

We have utilised the following approaches:

|

»» 2B+G+23 Typical floors +Roof (HC)

Location

»» For offices and Residential units, we have adopted Market Approach (Sales Comprable Method).

|

»» Mixed use development (Commercial / Residential)

Scope of service

»» For income generating properties, we have adopted income approach (Investment Method)

Co m p a ny Pro f il e

Property key information

Client

Our approach

14

Al Hebiah First (Motor City), Dubai, UAE

Situated in various locations of Dubai (Leasehold/ freehold areas)

A combined portfolio value of over AED 1 billion.

The portfolio comprises more than 50 properties, commercial, industrial and residential assets

Portfolio valuation

Client

w w w.wester n-valuers.com

Confidential

Scope of service

Property key information The property is a 50 storey operating fully furnished hotel. The property has a total of 430 guest rooms comprises a mix of Deluxe Rooms, One-bedroom Suites, One-Bedroom Premium Suites and Two-Bedroom Suites.

Our approach We have utilised Income Approach (Also known Profit Method). This method required: » » Detailed property and Past performance analysis »» Benchmark analysis including ADR, RevPARs, and Occupancy rates Co m p any Pro f ie

|

in fo @ we ste r n -valu e r s. co m

|

w w w.we s te r n -va l u e r s.com

15

Client

Our

industrial appraisal

and valuations are

carefully devised to provide reliable valuation advice of any asset. Our approach includes applying RICS guidelines to arrive at accurate valuations.

Confidential Location Emirates Modern Industrial City, Umm Al Quwain, UAE Scope of service Providing Market Value (MV) professional advice in compliance with IVS and RICS Standards for secured lending purposes.

Asset Covered Industrial assets valuation for a corrugated Box Manufacturing facility. The asset included corrugated paperboard production line comprising of hydraulic mill roll stands, fingerless single facer, electric stacker and duplex conveyor and four color printer slotter.

Our approach »» Market Approach - Direct Sales Comparison »» Cost Approach – Depreciated Replacement Cost approach Client Confidential Location Dubai Industrial City (DIC), Dubai, UAE Scope of service The purpose of valuation on a “going concern” and “as is where is” basis is for Financial Reporting purpose. Providing Fair Market Value (FMV) professional advice in compliance with IFRS 13, IVS and RICS Standards.

Asset Covered Valuation of Building, Plant, Machinery and Equipment Assets for a Glass and Aluminum Facades Manufacturing Factory.

Our approach »» we have utlised the following approaches, taking into considerations asset types, market practices and avialbility of infiormation: »» Market Approach - Direct Sales Comparison »» Cost Approach – Depreciated Replacement Cost approach

16

Co m p a ny Pro f il e

|

in fo @ wes ter n -va l uer s.co m

|

w w w.wester n-valuers.com

»» Income Approach

Co m p any Pro f ie

|

in fo @ we ste r n -valu e r s. co m

|

w w w.we s te r n -va l u e r s.com

17

www.western-valuers.com Info@western-valuers.com +971 04 220 8174 Digital Park B5 503 Dubai Silicon Oasis Dubai, United Arab Emirates

Western Valuers Western Valuers Consultancy FZCO is an independent Real estate, Plant & Machinery Valuation and strategic advisory firm dedicated to helping organisations mitigate risks and make an informed decesions. ©2020 Western Valuers Consultancy, Inc. All rights reserved. www. western-valuers.com