It is essential that financiers not only have confidence in the overall judgement of the valuer, but that they are in possession of all the factors relevant to the valuer’s assessment. The fully disclosive nature of a Wallace Commercial report ensures that lenders are totally informed of the current position and future prospects of their security. Our reports are tailored to meet the specific requirements of lenders, ensuring the lender is always in possession of an appropriate level of information with relevant recommendations.
In regard to asset valuations, particularly those relied upon by fund managers or corporate real estate owners, there is a need to overlay experience and specific expertise on every valuation assignment. At Wallace Commercial, the strict valuation and accounting standards of the Australian Securities Commission and trustee entities are adhered to at all times. Fund managers and corporate real estate owners receive a fully researched and totally independent view of value in a disclosed reporting style, which substantiates the valuer’s method and approach.
Rental Valuations and Determinations
Wallace Commercial provides valuation and negotiation expertise in rental assessments. We advise on rental values and lease terms for all forms of real estate and negotiate on behalf of our clients in rent reviews, new leases, lease variations and rental disputes. We can also advise on the property value implications of adopting alternative leasing and rental strategies.
Our senior valuers are often appointed by the Australian Property Institute (Victorian Division) and Real Estate Institute of Victoria to independently determine disputed rental assessments.
Within any category of real estate, Wallace Commercial is capable of providing a comprehensive feasibility service for any proposed development together with such creative input as considered appropriate to improve the overall viability and profitability of a venture. Within this service we have the skills and experience to create and analyse the most complex of development agreements, joint venture arrangements, head-lease and sub-lease structures.
When a client requires a valuation for litigation purposes it is imperative that the valuer undertaking the valuation has experience in successfully handling the rigours of a tough courtroom and tribunal cross-examination. Rightly or wrongly, the courts/tribunals tend to favour the evidence presented by the more experienced property practitioners.
At Wallace Commercial, our senior valuation personnel have the sound valuation experience, courtroom/tribunal experience and the corresponding respect of their peers in the profession to successfully handle this specialised area of work.
Property Rights – Acquisition and Compensation
We have represented client interests in acquisition and compensation matters for over 40 years. Covering easements, pipelines, major resources and infrastructure projects together with loss and damage assessments, negotiation of rectification and other make good provisions.