We are specialized in property valuations for all types of commercial, retail, hotel and residential properties for various purposes such as, secured lending, disposal & acquisition and strategic management. Our valuations are in accordance with the RICS Red Book, which in turn have been drawn up in accordance with the International Valuation Standards (IVS).
Our services include the preparation of valuation reports for the following purposes:
Compliance with International Financial Reporting Standards (IFRS)
Expert witness for legal disputes for Cypriot and overseas courts
Listing on Cyprus Stock Exchange
Business and investment decisions
Lending by local and international financial institutions
Due diligence exercises
VALUATION FOR I.F.R.S PURPOSES
To estimate the Fair Market Value of the property portfolio of each group which includes vacant building plots, offices, retail and industrial/warehouse properties all over Cyprus for each fiscal year in order to comply with International Financial Reporting Standards (IFRS) and internal audit procedures.
VALUATION FOR FINANCE PURPOSES
Preparation of Market Value reports for finance and collateral guarantee purposes.
EUROPEAN COURT VALUATIONS
To estimate the Market Value of properties in northern Cyprus which have been under Turkish military control since 1974 on behalf of Greek – Cypriot property owners who had sought remedy from the European Court of Human Rights.The purpose of such valuations is to estimate the market value of the properties and the loss of use from 1974 up until the valuation date as a result of their illegal occupation by Turkey.
Letting, Buying and Selling:
INVESTMENT AND FUNDING
Buying and selling property investments, portfolio management and appraisals, funding and property investment advisory service. Interim or bridging finance for developers and advice for institutions and other investors on the commitment of funds for suitable development propositions.
Our services are designed to give value for money, providing efficiency and economy to enhance and maintain the value of each asset.
We are continually looking at ways to improve the quality of services as well as reduce costs, with the objective of passing these benefits to our clients.
Our services include, amongst others, site assembly, advice on development control and direction of the project, site meetings with consultants and contractors, monitoring progress and co-ordination of all development stages.
We always look to establish a very close relationship with our clients to ensure each property is managed to the very highest professional standards, matching our clients’ needs.
Our services include the management of commercial properties e.g. Rent Collection etc