Global Valuation & Advisory 2021
2021
Enter
Your partners in property for 125 years
Knight Frank’s Valuation & Advisory experts deliver valuation and consultancy services to a network of global clients including financial institutions, lenders, private individuals, funds, property companies and the public sector. With a wide skill-set spanning commercial and specialist sectors, residential and agricultural properties, life sciences and data centres, we have the ability to draw upon our significant global network of capital markets, leasing, occupier and research industry specialists to add value for our clients. Our specialist Global Projects team work together to service the needs of our clients around the globe. Adhering to all aspects of best practice and corporate governance rules, they deliver a consistently high quality valuation and advisory service, wherever our clients invest.
Head of Global Valuation & Advisory Tel: +44 20 7861 1287 Mobile: +44 7920 822635 caroline.bathgate@knightfrank.com
Caroline Bathgate
Valuation & Advisory.
Important Notice: © Knight Frank LLP 2021 This document is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information, analysis, views and projections presented in this document, no responsibility or liability whatsoever can be accepted by Knight Frank LLP for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank LLP in relation to particular properties or projects. Reproduction of this document in whole or in part is not allowed without prior written approval of Knight Frank LLP to the form and content within which it appears. Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members’ names.
Important notice
Chairman, Valuation & Advisory Tel: +44 20 7861 1284 Mobile: +44 7836 541913 rupert.johnson@knightfrank.com
Rupert Johnson
Environmental, Social and Governance.
Over a number of years we have worked with a private client to develop one of the best examples in the UK of an integrated multi-technology renewable energy park. The park is in Wales, and the mature assets on the park are now being disposed of at a considerable profit on cost. For a pension fund client, we have developed over 20 renewable energy projects linked to their property assets. These have generated new income streams, improved the buildings’ environmental ratings and opened up re-gear opportunities. We have worked closely with owners to develop ESG strategies, policies and protocols for property fund managers and large estates valued at over £5 billion in the past 12 months. The ESG framework we have implemented flows from initial high-level strategies to practical asset level guides to aid property and asset managers. We have a breadth of experience working for investors in finding, assessing and negotiating on investments to meet client criteria; initial and ongoing energy and buildings assessment and monitoring; and space planning and workplace transformation programmes (to name a few). We are well versed on a range of benchmarks and certifications, as well as a range of technologies to support investors and their strategies. Recent work for occupiers includes supporting our clients through major office refurbishments, advice around integrating ‘smart building’ technology, renewable energy sources, health and wellbeing and supporting net zero commitments. Recent work for developers includes our project in London Bridge with Edge Tech, who are currently embarking on building the most sustainable office tower in London. Working for one of the world's best developers in this field has provided us with an on-going learning opportunity. For lenders, we have a wealth of knowledge from previous or existing projects which could assist in helping define and set KPIs for sustainable-linked loans. We partner to help develop criteria around sustainable-linked loans, with our capital advisory and valuation teams on hand to advise you on the impact of ESG initiatives. We strive to advise lenders on improving their offering to borrowers, and what they can do to have a competitive edge over their peers. For rural and agriculture clients, recent work includes a strategic review of a large farming business near Birmingham, which looked at the role that the farm had in the wider estate, local area, development opportunities and communities. To integrate the farm fully into the landscape, it was restructured based on regenerative agriculture to be as sustainable as possible (economic, environmental, social). The farm plays a key part in delivering legacy developments on the estate and is fully integrated into those plans by providing local food production, public access, flood mitigation and biodiversity offsetting.
Our aim is to be your ESG real estate partner to provide clear, transparent insights, advice and solutions. ESG is integral to all our services, and at all stages of your building or portfolio lifecycle. At Knight Frank we work with occupiers, owners and investors, developers, lenders and borrowers across the commercial, residential, rural and agricultural markets. As a result, we have clear insight into how ESG is rising rapidly up the agenda, with increasing focus on all aspects of ESG, encompassing environmental pathways, including net zero commitments, but also Corporate Social Responsibility and Governance. As valuers, we have a commitment to understand how ESG is influencing the whole range of stakeholder decision making, and to reflect the impact on real estate markets in our valuations.
Central to Knight Frank’s ESG offer is our award-winning Energy, Sustainability and Natural Resources team. The team brings together a wide range of specialist ESG expertise, combining renewable energy advice and corporate power purchase agreements, off-setting through carbon removal projects, regulatory compliance, investment advice and much more. As well as acquisition due diligence work, the team undertakes environmental reporting, sustainability risk assessments, upgrade surveys and costings advice. In addition to providing specialist advice directly to clients, the Energy, Sustainability and Natural Resources team also works alongside all our other teams to ensure that ESG is at the heart of their services. Some services relate to specific stages of the building lifecycle, such as geospatial mapping and site selection, planning, design and development, leasing, operation and management, refurbishment and eventual demolition or repurposing. Other services, such as investment, carbon reduction/offsetting and capital advisory services, may continue through the whole life cycle: and in all cases, the focus on the ESG agenda is key. Our valuation services themselves span the whole life cycle of any building. Our valuers are aware of the ESG risks, benefits and potential impacts on value, and reflect them in line with the market. Physical climate/environmental, transition, reputational and tenant counterparty risks may impact detrimentally, while social, health and wellbeing attributes, community benefits and strong governance may enhance liquidity and value. Our valuers are also aware of features and certifications that may inform a building’s green credentials, and the potential implications of green financing and sustainability-related lease clauses. As well as reflecting ESG issues in our mainstream valuations, our valuation service includes specialist renewable-energy related valuations such as solar farms, electric vehicle charging stations and wind turbines.
The following examples illustrate our ESG credentials:
Gillian Bowman
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Over a number of years we have worked with a private client to develop a renewable energy park in Wales. The mature assets on the park are now being disposed of at a considerable profit on cost. For a pension fund client, we have developed over 20 renewable energy projects linked to their property assets. These have generated new income streams, improved the buildings’ environmental ratings and opened up re-gear opportunities. We have worked closely with owners to develop ESG strategies, policies and protocols for property fund managers and large estates valued at over £5 billion in the past 12 months. The ESG framework we have implemented flows from initial high level strategies to practical asset level guides to aid property and asset managers. Recent work for investors includes a breadth of experience in finding, assessing and negotiating on investments to meet client criteria, initial and ongoing energy and buildings assessment and monitoring, space planning and workplace transformation programmes (to name a few) and are well versed on a range of benchmarks and certifications, as well as a range of technologies to support investors and their strategies. Recent work for occupiers includes supporting our clients through major office refurbishments, advice around integrating ‘smart building’ technology, renewable energy sources, health and wellbeing and supporting net zero commitments. Recent work for developers includes our project in London Bridge with Edge Tech, who are currently embarking on building the most sustainable office tower in London. Working for one of the world's best developers in this field has provided us with an on-going learning opportunity. For lenders, we have a wealth of knowledge from previous or existing projects which could assist in helping define and set KPIs for sustainable-linked loans. We partner to help develop criteria around sustainable-linked loans, with our capital advisory and valuation teams on hand to advise you on the impact of ESG initiatives. We strive to advise lenders on improving their offering to borrowers, and what they can do to have a competitive edge over their peers. For rural and agriculture clients, recent work includes a strategic review of a large farming business near Birmingham, which looked at the role that the farm had in the wider estate, local area, development opportunities and communities. The client wanted the farm to be fully integrated into the landscape, and it was restructured to one based on regenerative agriculture in order to be as sustainable as possible (economic, environmental, social). The farm plays a key part in delivering legacy developments on the estate and is fully integrated into those plans by providing local food production, public access, flood mitigation and biodiversity offsetting.
Our aim is to be your ESG real estate partner to provide clear, transparent insights, advice and solutions to enhance your ESG profile and help you become more sustainable now and in the future. Our advisors, agents and consultants are already working with investors, occupiers, developers and lenders to ensure they know what is happening in the market. We are committed to giving clear, practical advice on what you can do now to be more sustainable, as well as ensuring the right focus for the future. We will work to develop clear ESG real estate strategies and advise you on the practical application of ESG across the lifecycle of your building or portfolio.
Understanding that your ESG requirements will differ depending on your real estate and strategy, our award-winning Sustainability and Energy team, brings together a wide range of specialist ESG expertise combining renewable energy, carbon off-setting, regulatory compliance, valuation and investment advice and much more. As well as providing specialist advice directly to clients, this team also works alongside our teams across Knight Frank. ESG is integral to all our services, at all stages of the building lifecycle. This includes: geospatial mapping and site selection, planning, design and development, leasing, operation and management, refurbishment and eventual demolition or repurposing; with valuation, investment, carbon reduction/offsetting and capital advisory services throughout. For investors, as well as acquisition due diligence work, we undertake environmental reporting, sustainability risk assessments, upgrade surveys and costings advice. Additionally, our investment, leasing and valuation teams ensure ESG issues are reflected in their services.
We advise and support occupiers, investors, developers, lenders & borrowers, as well as our rural / agriculture clients.
Offices.
Our Office team focus on delivering valuation and advisory services for office owners, investors, developers and financial institutions nationwide and across the globe.
London, UK 908,000 sq ft
The Leadenhall Building
CBD/trophy buildings Corporate headquarters Suburban offices Office business parks Serviced offices
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Frankfurt, Germany 71,608 sq m
Siberturm
We offer the expertise – based upon our market leading office agency team – to enable clients to make informed decisions that enhance financial outcomes and corporate performance. Our Office team leverage the proprietary knowledge and expertise of internal capital markets and brokerage teams, as well as our extensive data and research capabilities, for deeper insights into local market information and property trends.
Whether it be for acquisition, disposal, secured lending, potential use, redevelopment, mortgage, tax, financing, or litigation, we are here to help.
Singapore 63,790 sq m
Frasers Tower
Christoph Gerlinger
Simon Gillespie
Low Kin Hon
Experience includes:
Industrial & Logistics.
Air cargo Automotive Business parks Cold storage/warehouse Distribution centres Heavy/light manufacturing Office/warehouse Research and development E-commerce Intermodal freight transport facilities Shipyards and working waterfront facilities
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We have completed valuation assignments for:
Our Industrial & Logistics team are dedicated to providing best-in-class valuation and advisory services for all properties belonging to this rapidly evolving asset class.
Our team provides solutions for every type of industrial owner – from traditional investors, such as local developers and owner/operators, to some of the world’s largest institutional investors, including industrial REITs and pension funds.
We handle transactions of every size, from single-property assignments to multibillion-dollar portfolios, and we have the knowledge and experience required to ensure these assignments are executed accurately and efficiently.
Adelaide, Australia 13.50 ha
Netley Commercial Park
Daventry, UK 840,000 sq ft
Royal Mail Distribution Centre
Riyadh, UAE 285,000 sq ft
The Logistics Park
Stephen Flanagan
Roger Young
Al Carpenter
Retail.
Our Retail and Shopping Centre/Mall team are the premier valuation team focused exclusively on retail properties. Our Retail team performs services including:
Our team takes a unique, consulting-based approach to valuation assignments. Instead of focusing solely on the value of a property, we are equally attentive to the asset’s specialised business operations, looking at affordability in a rapidly changing market, as well as taking into account any alternative uses.
The team offers a breadth of expertise in super-regional shopping centres/malls, regional shopping centres/malls, leisure parks, lifestyle centres, community centres, neighbourhood centres, town centre shops and single-tenant properties that is unrivalled in the industry. For both large malls and smaller single-occupant assets, this process typically comprises an analysis of store sales, affordability and the dynamics existing between retailers and consumers.
Valuations Feasibility studies and market studies Rent, expense and leasehold analyses for a broad range of existing and proposed retail properties, such as: department stores, big box stores, shopping centres, town-centre, theme/festival centres and mixed-use developments.
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Munich, Germany 70,000 sq m
Pep Shopping Center
Greater China 90,000 sq m
Beijing APM
Klaus Dallafina
Clement Leung
London, United Kingdom 154,000 sq m
Bluewater Shopping Centre
Graham Spoor
Manchester, United Kingdom 207,000 sq m
The Trafford Centre
Hotels.
In 2020 our team valued 315 hotels with a combined value in excess of GBP £15 billion.
Our Hotels team is dedicated to providing best-in-class valuation, feasibility and consultancy advice across all types of hotels. We work with a wide variety of lenders, investors, hoteliers and developers in the sector, supported by our Capital Markets teams. Our Hotels team covers all international markets with specialists in the UK, Europe, Dubai, Hong Kong, Singapore, Australia and Africa.
We undertake valuations of both existing and proposed hotels, ranging from limited service hotels, mid-market hotels, country house hotels, upscale, luxury and trophy hotels. We are also experts in valuing serviced apartments. We have a dedicated Feasibility and Consultancy team, able to advise developers and lenders in regards to proposed hotels, extensions and redevelopment works.
Our best-in-class advice is provided globally to investors, lenders, operators and developers on operational and development properties and portfolios. Key clients include institutional and private investors, major banks, sophisticated non-bank lenders, owners, developers and hotel operators.
Melbourne, Victoria, Australia 263 rooms
The Ritz Carlton
Queensland, Australia 296 rooms
Sheraton Grand Mirage Resort
Saudi Arabia 492 rooms
Samantha Freeman
Scotland, United Kingdom 209 beds
Fairmont, St Andrews
Karen Callahan
Hospitality, Gaming & Leisure.
Our Hospitality, Gaming & Leisure team is focussed exclusively on providing superior valuation and consulting services for a broad range of hotels, casinos and leisure properties. We guide owners and operators on how to maximise economic incentives, and advise government entities regarding the impact of incentives on a community or development. We take feasibility studies to the next level, combining market knowledge with expert economic impact analysis and acumen in cash-on-cash, ROI and other metrics. We fulfill clients’ financial reporting requirements seamlessly, without seeking assistance from outside parties. Litigation: Our experts bring a strategic perspective to this role, which goes beyond the depth and scope of typical litigation services. Portfolio analytics: We supplement traditional analytics by benchmarking against industry averages and trends, thereby ensuring comprehensive due diligence. Property tax: Understanding every aspect of a property’s operations enables us to deliver particularly effective tax strategies.
Our senior valuers, who each hold more than 15 years of dedicated experience, are hands on throughout every phase of the process and actively involved with all reports and client deliverables. We approach every challenge with dedicated focus, innovative methodologies and hands-on collaboration to consistently deliver reliable solutions for each client.
Our Hospitality, Gaming & Leisure team completes assignments nationwide and globally for a vast range of complex assets - from bed-and-breakfasts to luxury hotels, off-track betting facilities to casinos, bowling alleys to mega-sports complexes, and municipal aquatic centres to indoor waterpark resorts.
Sharjah, UAE 2,236,000 sq m
The Aljada Masterplan
Saudi Arabia 3022 rooms
The Red Sea Development
Cambodia 32,850 sq m
Holiday Palace Casino & Resort
Ross Wheble
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UK
Europe
+312 224 3208 bryan.younge@ngkf.com
Bryan Younge
the Americas
+65 9876 9136 kinhon.low@sg.knightfrank.com
Kin Hon Low
APAC
Ali Mansoor
MEA
Residential & Agricultural.
Hong Kong SAR 480 sq m
Opus Hong Kong
Confidentiality is central to everything we do, but key examples have included:
Representing one of the largest and highest-profile global valuation practices, our team of experts provide comprehensive residential and agricultural property valuation and advisory services for purposes including loan security, taxation, accountancy, development valuations, strategic reviews and purchase advice. We lead on the valuation of the world's finest residential properties, developments, estates, commercial farms and agricultural land, providing professional advice to all our clients.
We adopt rigid reporting and approval processes and our ability to draw on the resources available through our global network of research analysts and industry specialists allows us to really add value to our clients, rather than simply report it. We combine property expertise with research to provide you with timely, accurate and relevant valuation information. Our offices provide in-depth local market knowledge, and drivers of the residential and agricultural markets. Our research team produce regular research reports and market insights which demonstrate real market knowledge.
We act on behalf of national and international financial institutions, investment funds, corporations, legal advisers, charities and private individuals.
GBP £100 million trophy house in London GBP £150 million agricultural portfolio with a diverse range of assets Duplex apartments in The Royal Atlantis, The Palm Jumeirah, Dubai Ski chalets Val d’Isere, France Luxury villas in Bali, Indonesia Penthouse apartments in Singapore and Hong Kong Houses overlooking Sydney Harbour, Australia Commercial farms in South Africa and Zambia
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Australia 520 sq m / 4 beds
Aqua, Whitsundays Island
East Anglia, United Kingdom, 33,000 acres
Mixed Commercial Farm
Colin Tang
Chris Hill
Katie Parsonson
Tom Barrow
France 290 sq m / 5 beds
Ski Chalet, Megeve
Student Property.
Key clients include: Liberty Living Student Accommodation, BlackRock Investment Management, Unite Students, Brookfield Global Asset Management, Citibank, Wells Fargo and HSBC.
Our Student Property team covers the student markets globally from its base in London, as well as Sydney and Dallas. The team values approximately 140,000 student bed spaces totalling in excess of GBP £14 billion annually. We are able to undertake and coordinate projects across Europe as well as globally.
We work with all key lenders, investors and developers in the sector and are supported by an international valuation and capital markets team.
This best-in-class advice is provided globally to investors, lenders, universities and developers on operational and development properties and portfolios.
Australia 3,500 beds
Atira Portfolio
United Kingdom 3,200 beds
Vita Portfolio
United Kingdom 27,300 beds
The iQ Portfolio
Neil Armstrong
PRS / Multifamily.
We offer professional advice in respect of the following:
Our PRS / Multifamily team is dedicated to providing best-in-class valuation and consulting services for a wide array of multifamily types. Our senior valuers are among the most knowledgeable professionals in the industry. Bolstered by proprietary data and unique insights into local markets from our dedicated PRS / multifamily capital markets platform – one of the largest in the industry – we provide the most accurate, objective and comprehensive valuations of market value for both urban & suburban assets.
Our PRS / Multifamily team serve some of the leading global mortgage lenders and institutional property owners.
Key clients include: Goldman Sachs, Blackrock Investment Management, Wells Fargo, Citibank and Metlife. With its distinctive approach to valuation, expert valuers and access to our Multifamily Capital Markets team, the PRS / Multifamily team provides lenders with thorough and unbiased valuations of market value for all PRS / multifamily properties. The team offers expertise in every aspect of this sector, including specifically:
High-rise, mid-rise and low-rising housing Tenanted blocks Global & national portfolios Multifamily developments Co-living Serviced apartments Affordable housing Long income assets
London, UK 900,000 sq ft
Cherry Park
Leeds, UK 130,000 sq ft
Clarendon Quarter
London, UK 1,229 apartments
Dolphin Square
David Shapland
+44 7876 145906 adam.burney@knightfrank.com
Adam Burney
UK & Europe
+852 2846 4878 colin.tang@hk.knightfrank.com
David Way
Australia
+470 481 0740 raymond.higgins@ngkf.com
Raymond Higgins
The Americas
Loan security Acquisition advisory Consultancy Financial reporting Viability studies Tax valuations Company takeovers, mergers & acquisition Flotations & securitisations
Senior Living.
Chelsea, United Kingdom 55 apartments
Dovehouse Street
We provide a full range of services to the retirement living sector from development consultancy through to new homes agency and investments. We are proud of our depth of knowledge gathered from our active role in many of the key transactions and valuation mandates in the market. We take a highly collaborative approach drawing on the depth of global resources across research, healthcare, capital markets and our sales and lettings offices. Our collaborative approach across our multi-disciplinary business means we have a thorough understanding of the key buyers and sellers, what drives their requirements and how their investment processes work.
Our highly experienced team can guide and advise in respect of the valuation of retirement housing, housing with care and assisted living. The sector is slowly maturing and the approaches to valuation are evolving. We are at the forefront of the sector with our highly experienced valuers, having a strong understanding of the unique aspects relating to the valuation of this sector.
We provide specialist and market-leading advice to investors and developers in the UK, leading the way in the residential sector’s foremost emerging market. Using our wider knowledge from the private rented sector, we are well placed to advise the emerging retirement rental market.
United Kingdom 500 apartments
Portfolio
United Kingdom 250 apartments
Mayfield Villages
Peter Youngs
Healthcare.
Our Healthcare teams comprise experienced specialists in valuation assignments and market analysis for a diverse roster of properties, including:
Our Healthcare team is the premier team of property professionals focused on the unique requirements and objectives of healthcare providers, investors and developers across Aged Care, Specialist Care, Acute and Primary Care as well as Special Education Needs and Children’s Services. The team’s core offerings also include valuation for acquisition, financial reporting and secured lending as well as property tax services. We have an extensive national and international presence.
Our team takes an innovative approach to its assignments, evaluating properties from a holistic perspective that considers business operations in concert with the underlying real estate asset. We can assist with the following:
Aged care homes (skilled nursing, memory care) Specialist care (including mental health, physical and learning disability) Continuing care retirement communities (CCRC) Hospitals Medical office Behavioural healthcare Surgical centres / Primary health Long-term acute care Detox/rehabilitation facilities Children’s services and SEN Children’s day nurseries Dentists Pharmacies
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Kampala, Uganda, 3,750 sq m
Uganda National Health Laboratory Services
United Kingdom 11,235 beds
Priory Group
Abu Dhabi, UAE 3.2 million sq ft
Sheikh Shakhbout Medical City
Judy Rugasira
Julian Evans
+44 7795 283268 julian.evans@knightfrank.com
+404 965 6285 norm.lezotte@ngkf.com
Norm W. LeZotte
Valuation Portfolio strategy Estate management Development feasibility Market rent calculations Research
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We provide valuation and appraisal services to lenders, hospital and care facility operators, healthcare REITs and other investment funds, and private equity firms.
Life Sciences.
Our life sciences team provides specialised valuation services in this rapidly evolving market. We currently operate across Europe advising corporate entities, academic institutions and developers.
The life sciences market is immensely varied and involves a wide range of medical fields including pharmaceuticals, biotechnology, nutritional science, medtech, gene therapies and life systems technologies. Our team offers an in-depth understanding of the complexities surrounding the valuation of research and development facilities, laboratories, manufacturing facilities, appropriated offices and start up incubator sites.
We have the capabilities to produce incisive and detailed valuation reports for lenders, in depth development valuations and independent financial reporting valuations. We’re supported by best-in-class agency and capital market teams. Project and building consultancy, as well as property asset management capabilities, ensure full spectrum service.
United Kingdom 18,000 sq ft
3500 Oxford Business Park
Slough, United Kingdom 33,000 sq ft
190 Bath Road Central
Alex Burgoyne
Data Centers.
Properties for which our team provides services include: powered shell data centers; turnkey data centers; colocation facilities; carrier hotels; switching/networking facilities; mission critical facilities; mission critical tech offices; life science facilities and clean room laboratories throughout APAC and EMEA.
Our Data Centers team is one of the world’s leading valuation teams focussed exclusively on data centers, mission critical and related facilities. We serve our clients globally — not only as valuers, but as advisors — providing consultative, innovative solutions to help them manage their data centers and related assets.
Our experienced experts offer unmatched insight into the operational, mechanical, financial and regulatory considerations that impact data centers and mission critical facilities. Our Data Centers team leverages its knowledge and experience to enhance the services we provide to our clients, including:
Our team advises institutional investors, large pension funds, private equity funds, Fortune 500 companies, sovereign wealth companies, cloud companies and global IT conglomerates on investments related to the diverse array of data center and mission critical facilities.
Development advisory Fair value measurements Financial reporting Highest and best use analysis Market studies Mergers and acquisitions support Purchase price allocations Valuations
Cambridge, United Kingdom 700,000 sq ft
Camro Data Park
Borehamwood, United Kingdom 330,000 sq ft
Panattoni Park
Automotive.
The team values approximately 3 million sq ft of automotive property totalling in excess of £1 billion GBP annually. Key clients include: Aberdeen Standard Investments, BlackRock Investment Management, Extra MSA, Sytner, Aviva, Lookers, BP and BMW.
Our Automotive team is a leading advisor to the automotive and roadside property sectors. We operate across the UK and overseas, advising occupiers, developers, landlords and lenders on car dealerships, service areas, fuel stations and roadside retail assets. We provide unparalleled advice and support to our clients, backed up with industry-leading technology and market research.
We ensure that value from automotive property assets is maximised at all levels. Our clients’ trust is our primary goal, which is achieved through providing clear and honest advice, adopting a pro-active approach, and by continually exceeding expectations.
Knight Frank Automotive is widely regarded as the leading advisor in this highly niche field, having provided advice on over 75% of the UK network, as well as overseas assets.
Lagos, Nigeria 3,956 sq m
Stallion Motors (THP Ltd.)
United Kingdom 50,160 sq m
Mercedes-Benz
United Kingdom 126,500 sq ft
Welcome Break
Sunny Akpodiogaga
Tom Poynton
Self-Storage.
Our Self-Storage team is dedicated to providing best-in-class valuation and consulting services for all self-storage property types. We complete assignments for a wide variety of complex assets, ranging from individually owned non-climate controlled facilities to large class A properties in urban core locations. The Self-Storage team is adept at managing projects for single properties, as well as large portfolios internationally.
The self-storage industry is highly fragmented, but REIT and public company ownership continues to grow quickly. We are cognisant of the perspective of buyers and sellers for the specific property under analysis, and we proceed with the appropriate valuation approach to each asset. Market studies: A key component of both development and investment activity is understanding the market where a property is located. We have the data, knowledge and experience required to provide market participants with the information they need. Feasibility analyses: With our expansive database, experienced personnel and substantial market knowledge, we effectively provide insightful feasibility analyses to help the developer, lender and other parties involved with a development project make informed decisions. Financial reporting: We seamlessly fulfill clients’ financial reporting requirements, such as purchase price allocations, without seeking assistance from outside parties. Litigation: Our experts view this role from a strategic perspective, which provides a greater depth and wider scope than typical litigation services. Portfolio analytics: We ensure comprehensive due diligence by supplementing traditional analytics with benchmarks against industry averages and trends. Property tax: By gaining an understanding of every aspect of a property’s operations, we are able to deliver tax strategies tailored for maximum effectiveness.
North East USA 8.1 million sq ft
Self-Storage Portfolio
St. Marys, Australia 6,000 sq m
Storage King
Steven J. Johnson
Vineyard & Horticulture.
With more than 25 years of specialised experience, the Vineyards & Horticultural team has completed valuation assignments in Australian and South African areas including: still and sparkling winemaking facilities; historic wineries and estates; production vineyards; proposed vineyard and winery developments; vineyard estates; wineries and tasting rooms; wine storage facilities; and cannabis-related real estate.
Our Vineyards & Horticultural team is committed to providing best-in-class valuation and consulting services worldwide for this unique and rapidly evolving asset class. As one of the newest and fastest-growing businesses, the cannabis sector presents its own unique challenges to valuers. The expertise of the Vineyards & Horticultural team extends to valuations of dispensaries; cultivation and processing facilities; state-of-the-art, vertically integrated urban grow facilities; modern and repurposed greenhouses; and traditional outdoor farms.
Our senior valuers are industry experts into every aspect of the wine industry, from vineyards and tasting rooms to production and storage facilities. We use innovative methodologies to develop accurate valuations supported by the latest market information. Our approach uses projected future revenues to arrive at a present value for plantable land. By analysing the earnings potential of a vineyard in prime condition, we can provide wineries with a far more sophisticated analysis than is commonly offered.
We provide valuation services to privately and publicly held wineries, including documentation for accounting and tax purposes which are typically available only from large accounting firms.
Franschhoek, South Africa 1,780 ha
Boschendal Estate
South Africa & Swaziland 3000 ha
UFF Portfolio of various agricultural properties
Nationwide USA 1,500,000 sq ft
Cannabis related real estate
Cameroon In excess of 70,000 ha
Halcyon Agri Corporation Ltd
Susan Turner
Name
John C. Vaughan
+61 4236 81854 jonathan.vaughan@au.knightfrank.com
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Plant & Machinery.
Our Plant & Machinery team comprises experienced industry appraisers, each of whom possesses more than 15 years of experience valuing plant and machinery and equipment for both domestic and foreign assets.
Our talented valuation professionals have expertise in nearly every industry including, but not limited to, consumer and industrial products, printing, pharmaceutical manufacturing, telecommunications, energy and natural resources, transport and automotive, food and beverage processing, retail and hospitality. Our teams: • Assist clients in determining the amount of goodwill in an acquisition. • Provide correct opening Fair Values, allowing for proper compliance reporting and more accurate future accounting. • Help clients to better understand how much insurance coverage they need for their assets. • Support clients in internal decisions for potential sales, liquidations, or potential financing transactions. • Provide support for lower property tax assessment, thus reducing tax liabilities.
Our team’s capabilities extend beyond financial reporting. Armed with an expansive research platform and advanced computer skills, we deliver timely valuations for transactions consideration, bankruptcy and fresh-start accounting, insurance requirements, loan collateral support, asset disposition and liquidation analysis, property tax support, litigation support and internal planning, and fixed asset inventory and management.
Karnataka, India 600 hectares
Coffee Estate
Uganda 10.5 acres
Electromaxx
Pradeep Gandi
Mabel Luna
Jamie Allen
Pradeep Gandhi
+263 7724 09940 amos.mazarire@zw.knightfrank.com
Amos Mazarire
Global Contacts
Knight Frank has more than 384 offices across 51 countries and territories, 16,000 people strong
Alistair Elliott, Senior Partner & Group Chairman
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Caroline Bathgate Dr. Eugen Otto Filip Derijck Petra Piskova Kate Begg Klaus Dallafina Glenn Kealy Antonio Zagaroli Grzegorz Chmielak Ioana Simion Olga Reshetnyakova Federico Esnarrizaga
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David Shapland David Way Colin Tang David Shapland
United Kingdom Australia
Neil Armstrong David Way
PRS Multi Family
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Your partners in property Independent & debt free With over 125 years of experience
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9 territories
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Global Footprint
384 Offices
51 Territories over 16,000 people
70
1,767
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2,630
67
1,355
146
9,625
3
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21
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3 territories
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Financial Reporting.
What do we do?
Valuing properties for financial reporting purposes is one of Knight Frank and Newmark Valuation & Advisory’s core services.
How do we do it?
Our Financial Reporting teams takes a holistic, consultative approach to meeting the needs of its clients. This may be a single asset required for a tax statement, to a long-income fund seeking to maximise returns for a range of institutional investors. The team’s focus can extend beyond real estate to include customised financial reporting for other tangible assets, such as machinery, technical equipment and personal property, as well as intangible assets, including non-compete clauses, patents, contracts and customer loyalty programmes. Among the services our team ca offer are:
Who do we do it for?
Our experienced professionals, led by a team of expert regional managers, deliver strategic guidance to multi-national corporations, financial institutions, public and private REITs, private equity groups, property companies and funds. The Financial Reporting teams clients derive additional value from the team’s access to our extensive platform of services, including Agency, Capital Markets and Research, as well as our V&A office’s vast service offerings.
Unit pricing Fair vVlue reporting Purchase price allocations Assurance and benchmarking Long-lived asset impairment testing Fresh start accounting Lease valuation (ASC 842/IFRS 16) Debt and loan valuation Partial or fractional interest valuations
Hastings Size: XXX
Priory Meadow Shopping Centre
London Area: 317,000 sq ft
Heathrow Logistics Park
Heathrow Size 375,000 sq ft
Bedfont Lakes Business Park
PRS / Multi-Family.
Knight Frank and Newmark Knight Frank Valuation & Advisory’s PRS / Multifamily group is dedicated to providing best-in-class valuation and consulting services for a wide array of multifamily types, including garden-style, mid-rise and high-rise apartments, condominiums, student housing, lifestyle centres and affordable housing.
The PRS / Multifamily team’s primary service offerings include:
Our senior appraisers are among the most knowledgeable professionals in the industry. Bolstered by proprietary data and unique insights into local markets from our dedicated PRS / Multifamily Capital Markets platform – one of the largest in the industry – we provide the most accurate, objective and comprehensive appraisals of market value for properties in cities and suburbs across the country. Our PRS / Multifamily group serves some of the nation’s leading mortgage lenders and institutional property owners. We also meet the requirements of government agencies and government-sponsored entities (GSEs) that provide financing for PRS / multifamily properties, including the top PRS / multifamily lenders, Fannie Mae and Freddie Mac. In recent years, our team has become one of the largest providers of appraisals to both Fannie Mae and Freddie Mac.
Atlanta Size: TBC
Mixed-Use Valuation
Estimates of market value FASB reports Financial reporting Low income housing Market analysis Market/feasibility studies Property tax appeals
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With its distinctive approach to valuation, expert appraisers and access to our Multifamily Capital Markets team, the PRS / Multifamily group provides lenders with thorough and unbiased appraisals of market value for all PRS / multifamily properties. Utilising our appraisals, lenders in the increasingly competitive PRS / multifamily market can provide more diverse and innovative financing options to their customers.
London Size: c.£1 billion. Substantial residential apartment block built by Costains in the 1930’s with ancillary offices, retail and leisure facilities, totalling 1,229 apartments over 5 aces of Pimlico.
(Lazora Spanish Residential Portfolio) Size: c.1,664/eur/sqm
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