Services

We provide real estate consultancy services to private and public sector organizations. Prior to 2007, the Firm concentrated on what could be called the down stream aspect of real estate sector. Having built confidence in the market over the years, the Firm was strategically re- positioned and we expanded our services to include properties and compensation valuation and packaging real estate developments cross the country, among other core services.

our scope of our services

The scope of our professional services include the following:

valuation for various purposes

Our team of experienced and seasoned Estate Surveyors and Valuers are capable of expressing valuation opinion on both corporeal assets (Land and Buildings) and incorporeal assets (Plants, Machineries, Furniture and Fittings) either as a separate holding or forming part of a going concern. We have carried out valuation jobs and consultancy services for private and public corporations/parastatals for the following purposes.

  • Mortgage Valuation
  • Going Concern
  • Privatization
  • Tenement rating and collection
  • Oil spillage and injurious affection
  • Sales and Purchases
  • Compulsory Acquisition and Compensation
  • Plant and Machinery
  • Merger, acquisition and takeover bids
  • Insurance
value image

MORTGAGE VALUATION

mortgage is created where one party known as the mortgagor grants an interest in his property to another party known as the mortgagee as a security for loan facility. Due to the peculiar demands of thistype of valuation, the mortgagee ought not to rely on the open market value of the property as the basis for disbursement, but should instead rely on forced sale value of the property. We are grounded in the art and science of this type of valuation as we advise either party or both as to the most judicious figure to adopt having regard to the possibility of FORECLOSURE.

PRIVATIZATION

This concept cameto the fore when there was widespread need for Governments and public Sector Organizations to divert from business concerns which the private sector was best equipped to manage.One of the primary requirements is an INFORMED OPINION on the worth of the component assets of the company. This is where a qualified valuer comes in. We are versed with the mechanics of such an exercise having undertaken some successfully in the past.

GOING CONCERN

This is obtainable where there is need to ascertain the value of a business which is in operation. Under this situation the asset profile is likely to include land and buildings, plant and machinery, fixtures and fittings, goodwill and in some instances trademark and patent. Trademark and patent are not fixed or tangible assets neither are they common valuation items. Goodwill also falls in that category. In agoing concern business, however, these three (3) items are most critical and should be taken into account in a valuation exercise. Our firm is capable of undertaking such exercise for the benefit of the client.

TENEMENT RATING AND COLLECTION

Although the valuation of properties for tenement rating and preparation of valuation list is governed by legislation, requsite skills and experience are still required when undertaing such exercise. We are trained and also experienced to undertake such excercise.

OIL SPILLAGE AND INJURIOUS AFFECTION

Although the Land Use Act of 1978 prescribes the method of valuation to be used when valuing for compensation, aspects such as oil spillage and injurious affection are not explicitly mentioned. As a result, the estate surveyor and valuer is expected to exercise discretion.

SALES AND PURCHASES

it's advisable to esthablish the value of a property to be purchased or sold depending on the client's instructions. We are fully versed with market indices and are in the position to advice a prospective vendor or purchaser as to the best value of a subject property.

COMPULSORY ACQUISITION AND COMPENSATION

This type of valuation is otherwise known as a statutory valuation as the basis of valuation is governed by legislation. The legislation under reference is the Land Use Act of 1978. This Law provides for the valuation of land, buildings and economic trees.

PLANT AND MACHINERY

We also undertake the valuation of Plant and Machinery as well as Equipment used in manufacturing process or other purposes. Typically, such value would reflect the age, condition and level of operational efficiency of the items.

MERGER AND ACQUISITIONS AND TAKEOVERS

This type of valuation is undertaken where there is need to esthablish the worth of two companies that agree to merge and integrate their operations to achieve higher turnover on assets, maximize efficiency or meet some other businesd goals. The flip side is where one of the companies is acquiring or taking over the other. Any of the above postulates the continuance of the business Consequently, the alternative use value basis might be adopted in such an exercise.

INSURANCE

Valuation of an asset or property for insurance is required when a property/asset is to be insured. This is principally to avoid under-insurance and ensure that the sum insured represents the full replacement or reinstatement cost of the asset.