INTERNATIONAL PROPERTY CONSULTANTS, VALUERS AND ASSET MANAGEMENT CONSULTANTS

This profile is submitted by CB Richard Ellis Africa “CBRE”, International Property Consultants, represented by their Uganda Office. CBRE can combine their resources in Kenya, Uganda, Botswana and Zimbabwe to provide an integrated service to embrace all aspects of land, plant and machinery valuation.

The combination of the various staff in the group offers extensive experience of the valuation of all classes of fixed assets including land and buildings. CBRE are specialist valuers of plant and machinery and have extensive experience of undertaking valuations of all classes of plant and machinery over a wide range of industries.

CBRE have specific plant & machinery valuation experience having undertaken a number of extensive rating valuation contracts for local authorities in Botswana, South Africa and Zimbabwe.

CBRE have experience in undertaking fixed asset valuations for privatisation purposes to internationally accepted standards by supervising the valuation process at all stages and providing quality assurance to the process.

CBRE has in hand and have completed a number of major fixed asset valuation projects as members of a team in joint venture with other consultants or on its own, in Africa. They have valuation experience in Rwanda, Uganda, Kenya and Tanzania and have undertaken valuations on behalf of agencies of the governments of Rwanda, Botswana, Eritrea, Ethiopia, Zambia and Zimbabwe. Experience in Ethiopia includes the valuation of 46 public enterprises for privatisation in Tranches I, III and IV. This experience of the fixed asset valuation of major enterprises has been for the purposes of commercialisation and privatisation.

As probably the largest and most comprehensive professional valuation practice in Africa, CBRE have the resources and capability to survey and value all types of assets, whatever the size and complexity. A comprehensive library and database of building, plant and machinery specifications, suppliers, costs and values is maintained and is unique, having been built-up over the past 20 years or more. The firm’s world-wide connections provide the most direct routes for consultation with both local and world-wide suppliers and designers. The main activities of CBRE in Africa are: -

Valuation of land, buildings, plant, machinery, equipment, farms, plantations and other assets:

• Commercialisation and Privatisation
• Purchase, Sale and Lease
• Stock Market Listing
• Balance Sheet and Loan Purposes
• Asset Register Reconciliation
• Collateral Asset Review
• National and Local taxation
• Insurance

Property Investment and Advisory Services; This is a service offered to our clients to ensure that there is minimal risk and the best returns on a property investment is made. This involves research and keeping upto date with the property market trends.

• Investment Advice
• Cash Flow Forecasts and Projections
• Valuations for Insurance and Insurance Risk Surveys
• Insurance Claims Settlement
• Acting as Arbitrator and Providing Expert Evidence
• Property Dispute Settlement and Mediation
• Preparing Planning Applications and Planning Appeals

CAPABILITY STATEMENT

Details of relevant services by CBRE carried out in the last five years that best illustrate our qualifications are as follows;

Agriculture and Fisheries

Namibia (2002) – Valuation of freehold farms for Agricultural Land Tax undertaken on behalf of the Government of Namibia. The consultancy involved the valuation of a sample of farms, putting in place valuation methodology and producing an iso-value map.

Botswana (2001) – Valuation of Talana Farms, a large freehold agricultural farm used for mass crop production and related facilities.

Ethiopia (2001) – Valuation for privatisation purposes of 3 public enterprises comprising of a fruit and vegetables wholesaling enterprise, a horticultural production enterprise and a large citrus and fruit canning enterprise.

Zimbabwe (2000) – Valuation of farms for bank collateral purposes. The instruction comprised a total of 187 farms throughout the Zimbabwe with an aggregate value of some US$85,000,000 and included coffee and tea estates, sugar cane farms, tobacco farms, dairy enterprises and mixed farms.

Zimbabwe (1999) – Valuation of a Hippo Valley Limited and Triangle Limited sugar estates and a mill. The work comprised of the valuation of the of all assets including agricultural land, land improvements buildings, the standing sugar cane crop and plant and machinery for the largest sugar cane grower and processor in Zimbabwe.

Zimbabwe (1996) – valuation of the assets of Anglo Vaal – Johnson comprising of the fish packing and marketing plant.

Beverages

Botswana (2001) – Valuation of Segwana and Kgalagadi Breweries and Beverage properties which included land and buildings.

Zimbabwe (2000) – Valuation of the assets of Chibuku Breweries manufacturing opaque beer. The assets included buildings, civil works, plant and machinery and office equipment and furniture.

Zimbabwe (2000) – Valuation of the assets of Pfungwe Breweries manufacturing opaque beer. The assets included buildings, civil works, plant and machinery and office equipment and furniture.

Ethiopia (1999) – Valuation of the assets of the state owned Meta Abo, Harar and Bedele breweries and the Awash Winery for privatisation purposes. The assets included buildings, civil works, plant and machinery and office equipment and furniture.

Zimbabwe (1996) – Valuation of the assets of Ingwebu Breweries manufacturing opaque beer. The assets included land and buildings, brewery buildings, distribution warehouses and residential properties and the plant and machinery for draught beer brewing, bottling, packing, malt manufacturing, and workshop equipment and distribution vehicles.

Forestry

Zimbabwe (2001) – Valuation of the timber estates of Mutare Board and Paper Company. The assignment was a revaluation of assets to include agricultural land, land improvements, buildings and the standing timber crop of a major board and paper undertaking.

Zimbabwe (2000) – Valuation of the timber estates of Border Timber. The instructions were for a revaluation of assets to include agricultural land, land improvements buildings, and the standing timber crop of a major timber undertaking.

Zimbabwe (2000) – Valuation of the timber estates of Mutare Wattle Company. The assignment was for a revaluation of assets to include agricultural land, land improvements, buildings, and the standing timber crop of a large timber undertaking.

Zimbabwe (1999) – Valuation of the timber estates of Lewis Lumber Company. The instruction was for a valuation of assets to include agricultural land, land improvements, buildings, and the standing timber crop of a timber undertaking.