institutional valuations - savills · savills joined forces with first pacific co., a company which...

Asia

Institutional Valuations

Savills is one of the largest Real Estate Advisors in the Asia Pacific, with over 23,200 staff across 58 offices.

01 Savills Institutional Valuations | Asia

our history

Savills is a global real estate services provider listed on the London Stock Exchange, with a network of over 600 offices throughout Asia Pacific, The Americas, United Kingdom, Continental Europe, Middle East and Africa.

In 1855, Alfred Savill commenced business as ‘Savill & Sons’ at 27 Rood Lane, London, EC3. During the early and mid 1900’s, the firm continued to expand throughout the UK and Europe. After a full listing on the London Stock Exchange in 1988, the firm became known as Savills Plc.

In order to consolidate its growing presence in Asia during the 1990’s, Savills joined forces with First Pacific Co., a company which it would subsequently acquire in 2000.

Today, Savills Asia Pacific comprises 58 offices and employs over 23,200 staff.

With 14 offices in China alone, together with an unrivalled presence throughout the ASEAN member countries, Savills regional coverage is second to none.

Headquartered in Hong Kong, Savills provides a full suite of specialist advisory, management and transactional services to a variety of Corporate, Institutional, Government and Private Clients.

Asia | Savills Institutional Valuations 02

our Asia Pacific coverage

As globalisation continues to reshape the marketplace, our clients are becoming increasingly reliant upon our regional connectivity to produce accurate and

timely cross-border advice. With over 200 licensed valuers across 58 offices, Savills Asia Pacific platform remains unrivalled by its competitors.

With 14 offices in China alone, together with full-service offerings in the majority of ASEAN member countries including both Indonesia and Myanmar, Savills regional reach is second to none.


Our global reach extends to an additional 540 offices throughout Europe, Middle East, Africa and the Americas.

44ASIA

offices

Australia Adelaide Brisbane Canberra Gold Coast Melbourne Notting Hill Parramatta Perth Sunshine Coast Sydney (2)

China Beijing Chengdu Chongqing Dalian Guangzhou Hangzhou Nanjing Qingdao Shanghai Shenyang Shenzhen Tianjin Xiamen Zhuhai

Hong Kong Exchange Square (3) Discovery Bay Taikoo Shing Kowloon Tong Kowloon

India Bangalore

Indonesia Jakarta

Japan Tokyo (2)

Macao Macao

Malaysia Johor Bahru Kuala Lumpur Penang

Myanmar Yangon

New Zealand Auckland (2) Christchurch

Philippines Makati City Bonifacio Global City

Singapore Singapore (4)

South Korea Seoul

Taiwan Taichung Taipei (3)

Thailand Bangkok

Vietnam Hanoi Ho Chi Minh City

14AU

STRALASIA

offices

We have acted on behalf of most major market participants in the Asia Pacific for a variety of purposes including:

Financial Reporting

Acquisitions and Disposals

Initial Public Offerings

Debt and Equity raising

Mortgage lending & Loan Book Analysis

Taxation

Restructuring & Liquidation

Litigation

Our long established client base includes:

REITs

Listed & Unlisted Property Funds

Real Estate Operating Companies

Sovereign Wealth Funds

Corporate Property Owners

Private Equity Funds

Superannuation Funds

Banks and Financial Institutions

Private Investors

Government Agencies

ourexperience


01

Barangaroo “International Towers” Office Precinct

Valuation of 3 premium grade towers with a total value in excess of US$3 billion

Chengdu Beicheng Paradise Walk

Valuation of a 185,000 sq m shopping mall located in Jinniu District, Chengdu

Setia City Mall

Valuation of a 65,000 sq m shopping mall comprising in excess of 250 tenants over 4 levels

08 Australia

02 Greater China | Chengdu

04 Malaysia

Marina Bay Financial Tower

Valuation of a 150,000 sq m mega scale development comprising 3 office towers, 2 residential towers and a retail podium

ProLogis Park Narashino III

Valuation of a 6 storey specialised logistics centre

Ho Chi Minh City

Valuation of Thu Thiem high-end residential project, including a concept study and feasibility analysis

01 Singapore

03 Japan

05 Vietnam

Oriental Financial Plaza

Valuation of premium office and retail complex having a total GFA in excess of 114,000 sq m

06 Greater China | Shanghai


Embassy House

Valuation of a 32 storey en bloc Residential complex comprising 174 units

07 Greater China | Beijing

02

03

04

05

08

06

07

our peopleThe need for transparent and robust valuation advice to support corporate transactions, and to meet the requirements of regulatory bodies and accounting legislation has increased. Needless to say, justifying the value of property has grown more complex and critical for most businesses.

Now more than ever, experience counts.

Our experts help clients make informed decisions and obtain a competitive advantage by managing risk, recognising value-add opportunities and being kept up to date with our leading edge market research.

On average, each of our Valuation Experts has at least 10 years post-graduate experience. Our Senior Directors are regarded as industry leaders with the majority having been in practice for over 20 years.

Savills Asia Pacific Valuation Committee comprises senior representatives from each of our regional offices. The Committee meets regularly to maintain consistency in terms of reporting, transaction analysis and Best Practice Standards.

So whether it’s an initial public offering, capital raising, audit enquiry or litigation, you are assured the skill and reputation of a seasoned professional.


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our systems

Our team of Valuation Experts is supported by leading edge knowledge management and seamless technology.

The Savills proprietary valuation cash flow model has been developed over the past 10 years, and is widely regarded by numerous REITs and Banking Institutions as the industry benchmark in terms of sophistication, efficiency and end-user readability.

Our in-house systems and report formats have the flexibility to be tailored to the specific requirements of our client. Upon request, our valuations can also be produced in conjunction with third party software such as Dyna™, Cougar™, Argus™, Circle™ or EstateMaster™.

Our DCF valuation model offers a flexible format to capture local market nuances, and ensures a consistent approach to valuation is maintained across the Asia Pacific.


our standards

We are committed to delivering superior performance by utilising industry leading Best Practice Standards.

Our Valuation Experts are bound by an in-house Valuation Practice Guideline which ensures consistent, high quality and seamless service levels are maintained at all times throughout the Asia Pacific.

Our offices operate in accordance with relevant legislation and the professional standards set by local industry bodies.

HKIS - Hong Kong Institute of Surveyors

API - Australian Property Institute

CIREA - China Institute of Real Estate Appraisers & Valuers

SISV - Singapore Institute of Surveyors & Valuers

JAREA - Japanese Association of Real Estate Appraisal

BOVEA - Board of Valuers, Appraisers & Estate Agents Malaysia

Property Institute of New Zealand

On a regional level, we maintain strict adherence to the Professional Standards of RICS Red Book.

Our valuation reports completed for annual financial reporting purposes are fully compliant with both International Accounting Standards (IAS & IFRS), and Local Accounting Standards such as HKAS (Hong Kong), AASB (Australian) or JP-GAAP (Japan).

In order to uphold our best-in-class reputation, each report is subject to a rigorous examination by our Quality Assurance team prior to release.

Every valuation report is reviewed and co-signed by a Director of the Valuation & Advisory Division.

Savills China has recently been granted a Grade 1 Qualification in Real Estate Valuation by the Ministry of Housing & Urban-Rural Development Department.

This qualification is the highest in the real estate and land valuation industry, with Savills being the second recipient since 2004.


our specialist portfolio team

Savills has a dedicated Portfolio Valuation Team comprising cross-border experts who deliver a consistent, unified service through a single point of contact. Our regional structure provides the ability to promptly assemble a team of professionals with the appropriate experience regardless of the complexity or geographical diversity of the portfolio.

Director level or above dedicated as a single point of contact for the duration of the project

Senior RICS qualified Directors oversee & sign-off all portfolio valuations

High level of internal communication & connectivity between regional offices

Local market knowledge coupled with regional expertise & Best Practice Standards

Consistent report format tailored to the specific requirements of each client

Standard valuation model with local compatibility functions

Bespoke portfolio data base modelling

Audit support

In 2005, Savills was appointed on an initial 3 year term to undertake the valuation of a global portfolio, comprising 140 Embassies and Diplomatic Residences across 53 countries. In 2011, the Australian Goverment re-appointed Savills for a third consecutive term of 5 years.


our services

Purposes

IFRS Annual Balance Sheet Compliance

Initial Public Offering Documentation

Mortgage Security

Rental reviews

Acquisition & Disposal

Debt & Equity Raising

Mergers & Acquisitions

Stamp Duty & Taxation

Statutory Land Value Objections

Resumption

Insolvency

Property sectors

Office

Industrial & Logistics

Retail

Hotels & Hospitality

Residential

Multi-family

Development Land

Infrastructure & Public Assets

Healthcare

Retirement Housing

Student Housing

Data Centres

Special-use

Plant & Equipment

Advisory

Full technical Due Diligence service including valuation modelling, market analysis, lease reviews, tenant assessments, building condition reports, inventory and capital expenditure budgets

Development Project Consultancy including market and demographic research, development concept analysis, highest and best use study, competition survey, pricing strategy, cash flow modelling and overall feasibility

Non-performing loan book analysis

Bespoke financial modelling including cash flow forecasting

Land rental & leasehold tenure negotiations

Specialist rental determination & negotiation

Expert witness and litigation matters

Corporate recovery & restructuring

Property Tax Advice

Savills draws upon vast international & domestic expertise from within the group to provide independent, expert advice across all market sectors.


our contacts

Takeshi IchikawaDirector, Head of Appraisal+3 5562 [email protected]

Japan

Yu Ra AhnDirector+822 2037 [email protected]

Korea

Cindy LiuDirector+853 8506 [email protected]

Macao

Paul KhongDeputy Managing Director+603 2092 [email protected]

Malaysia

Richard EmersonDirector+95 9 250 [email protected]

Myanmar

Steven DunlopDirector+64 (0) 9 951 [email protected]

New Zealand

Daniel EeSenior Director+65 6415 [email protected]

Singapore

Kempis TaiDirector+886 2 7701 [email protected]

Taiwan

Robert Collins Managing Director+66 81 913 0207 [email protected]

Thailand

Troy GriffithsDirector+84 8 3823 [email protected]

Vietnam

Antton NordbergDirector+632 403 [email protected]

Philippines

Stuart FoxDirector+61 (0) 3 8686 [email protected]

Australia

Charles ChanManaging Director +852 2842 [email protected]

Hong Kong

ShanghaiAndrew KamDirector+8621 6391 [email protected]

Greater China

BeijingJames WooDirector+8610 5925 [email protected]

Guangzhou, Shenzhen & ChengduJim WongSenior Director+86 20 3892 7051+86 755 8828 [email protected]

Bryan KiddDirector+91 95 3512 [email protected]

India

Anton SitorusDirector +6221 293 293 [email protected]

Indonesia

Savills, the international real estate advisor established in the UK since 1855 with a network of over 600 offices and associates globally

This document is prepared by Savills for information only. Whilst reasonable care has been exercised in preparing this document, it is subject to change and these particulars do not constitute, nor constitute part of, an offer or contract; interested parties should not rely on the statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy. No person in the employment of the agent or the agent’s principal has any authority to make any representations or warranties whatsoever in relation to these particulars and Savills cannot be held responsible for any liability whatsoever or for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document. This publication may not be reproduced in any form or in any manner, in part or as a whole without written permission of the publisher, Savills. © Savills Singapore 2015.

Senior DirectorInstitutional Valuations, Asia+65 6415 3661 (D) | +65 8139 3662 (M)[email protected]

Lim Khee Boon

mailto:[email protected]



















institutional valuations - savills · savills joined forces with first pacific co., a company which...

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