Preston Rowe Paterson Newcastle and Central Coast Pty Ltd CORPORATE PROFILE

Transcription

1 Newcastle and Central Coast Pty Ltd CORPORATE PROFILE

2 Contents Introduction... 3 PRESTON ROWE PATERSON... 3 PRESTON ROWE PATERSON NEWCASTLE AND CENTRAL COAST... 4 Corporate Services... 5 PROPERTY VALUATION... 5 PROPERTY MARKET RESEARCH AND ANALYSIS... 5 PROPERTY TYPES... 6 GEOGRAPHICAL COVERAGE... 7 NATIONAL SERVICES... 8 OUR CLIENTS... 8 Innovation and Technology... 9 E-VALUERS... 9 AUSTRALIAN PROPERTY TRANSACTION PORTAL (APTP) Quality Assurance PROFESSIONAL MEMBERSHIPS CERTIFICATIONS Staff Profiles DIRECTORS Our Locations NEWCASTLE GOSFORD NATIONWIDE Newcastle and Central Coast Pty Ltd Corporate Profile Page 2

3 Introduction PRESTON ROWE PATERSON (PRP) National Property Consultants provides property advisory solutions for a broad range of clients, across the full spectrum of property classes around Australia. More specifically, PRP is an organisation of: Property Valuers Plant and Machinery Valuers Property Consultants Asset Performance Managers Property Research Analysts Development Consultants Property Fund and Portfolio Advisors. Since its inception in 1988, it has been PRP s philosophy to build a well respected, professional property consultancy business providing valuable property solutions to all banking, corporate, government and private clients. PRP currently comprises sixteen independently owned and managed firms franchised throughout Australia, each with a wealth of local market knowledge and experience. Through its association with the UK based King Sturge, PRP is expanding its international business and further developing service offerings with offshore corporate and private property owners in Australia. In July 2011, Greg Preston, the National Chairman of Australasia, announced the appointment of Greg Sugars as the National Chief Executive Officer. With over 20 years experience in the property and valuation industries, Greg has previously run one of Australia s largest property services networks. He has been tasked with actively expanding the already highly visible PRP network throughout Australia and New Zealand. Refer to pages 17 to 19 for a full list of Australian offices. For further information regarding the national corporate identity and services offered, please visit Newcastle and Central Coast Pty Ltd Corporate Profile Page 3

4 Introduction PRESTON ROWE PATERSON NEWCASTLE AND CENTRAL COAST Previously known as Duponts Valuation and Property Research Over 20 years experience in property valuation and market research 10 qualified valuers and 5 administration support staff Two central offices located in Newcastle and Gosford History and Background In July 2009, Duponts Valuation and Property Research formed a strategic alliance by way of franchise agreement with Australia to form a new business entity known as Newcastle and Central Coast Pty Ltd. Still operating under the same business structure as the previous entity, Preston Rowe Paterson Newcastle and Central Coast is Newcastle s and the Central Coast s largest independently owned valuation firm. Our service coverage expands a wide geographical area incorporating the Hunter Valley, the Central Coast and the Mid North Coast. Led by CEO and Director, Robert Dupont, and Directors, David Rich and Joshua Smith, Newcastle and Central Coast specialises in all facets of real estate valuation and property consultancy including valuations for mortgage security, pre-purchase and proposed sale, asset portfolio and accounting, stamp duty, taxation, GST, rental determinations, family law and litigation testimony, insurance reviews, consultancy, market analysis and research, and statutory valuations. The firm s origins can be traced back to 1987, when Port Stephens Valuations was established and Robert Dupont joined the business, to be later renamed Dupont Fagan Valuers. In 2000, the Newcastle office was opened on Darby Street, and in 2003, the business name changed to Duponts Valuation and Property Research. The firm welcomed David Rich as a partner in With increasing staff levels to accommodate the increased demand for our services, the firm moved to larger premises on Hannell Street in A strategic business decision was made to join the group of National Property Consultants in order to benefit from national exposure and online facilities, and to share a wealth of property information and expertise with peers. We recognised that we shared the same dedications to best practice standards and quality assurance measures, striving to deliver competitive pricing and fast turnaround times on our engagements. As a result of the alliance, Newcastle and Central Coast acquired an additional office and valuers at Gosford. Our firm also expanded its directorship at this time, and Joshua Smith became the third partner. Newcastle and Central Coast Pty Ltd Corporate Profile Page 4

5 Corporate Services PROPERTY VALUATION Our firm specialises in all facets of valuation and property consultancy for purposes including: Mortgage security Proposed sale / purchase Rental determination Insurance Stamp duty Development finance Financial reporting Taxation / GST Family law Expert witness testimony Compensation Probate Statutory Compulsory acquisition Rating and taxing objections Negotiation Market research Asset portfolio Feasibility studies Due diligence All valuations conducted by our firm conform to the requirements of the Australian Property Institute. Our valuations also conform to the industry standards and legal requirements as required by the type of valuation, for example the Australian Accounting Standards Board or the Valuation of Land Act. Refer to our firm s quality assurances on pages 11 to 13. PROPERTY MARKET RESEARCH AND ANALYSIS Having a large emphasis on maintaining superior knowledge of the property market and activities in the regions we service, Newcastle and Central Coast has the capabilities to undertake large scale market research reports for clients, analysing market trends in all sectors of the property industry including residential, commercial, industrial and specialised properties. Our firm has completed market analyses on behalf of many national companies, government agencies, newspapers and trade journals. This has extended to social and economic impact statements, trade area and demographic analyses, and aged care and self storage demand analyses. Newcastle and Central Coast Pty Ltd Corporate Profile Page 5

6 Corporate Services PROPERTY TYPES provides property valuations and consultancy for all types of real estate, including: Residential dwellings, home units, townhouses, villas Commercial office buildings and suites in CBD and suburban locations Large scale residential or commercial development projects Retail shopping centres and shops Industrial business parks, warehouses, factories Mixed use buildings such as shoptop housing, warehouses with offices Rural residential properties, hobby farms, lifestyle blocks Rural enterprises, cattle stations, vineyards, stud farms. Specialised Properties Our Directors have expertise in the valuation of specialised properties, including: Hospitals, medical centres and consulting rooms Aged care facilities, over 55s retirement villages and independent living units Motels, hotels, serviced apartments and resorts Mines and mine leases Marinas and wet area leases Golf courses Airports and airfields Licensed clubs. Newcastle and Central Coast Pty Ltd Corporate Profile Page 6

7 Corporate Services GEOGRAPHICAL COVERAGE Operating out of our Newcastle and Gosford offices, our core area of business for standard residential valuations covers Newcastle, the Lower Hunter, Port Stephens and the Central Coast. For specialised, larger projects, we are actively involved in the Upper Hunter, New England and Mid North Coast areas. Our firm has undertaken specialist valuations statewide. We also work in conjunction with other PRP offices to complete valuation assignments nationwide. Newcastle and Central Coast currently services the following local government areas: Hunter Valley Newcastle City Council Maitland City Council Port Stephens Council Upper Hunter Singleton Shire Council Upper Hunter Shire Council Dungog Shire Council Central Coast Gosford City Council Mid North Coast Port Macquarie-Hastings Council Greater Taree City Council Lake Macquarie City Council Cessnock City Council Muswellbrook Shire Council Scone Shire Council Wyong Shire Council Gloucester Shire Council Great Lakes Council Newcastle and Central Coast Pty Ltd Corporate Profile Page 7

8 Corporate Services NATIONAL SERVICES In addition to the services provided by Newcastle and Central Coast, the firms of nationwide provide an elite and professional service to its clients in the diversified areas listed below: Real estate investment valuation Real estate development valuation Property consultancy and advisory Transaction advisory Property and asset management Listed fund, property trust, super fund and syndicate advisory Plant and machinery valuation General and insurance valuation Economic and property market research. Refer to pages 17 to 19 for a full list of office locations. Please contact the office local to your requirements for information regarding the services provided by that office. OUR CLIENTS Newcastle and Central Coast acts for an array of clients with various real estate interests. These include: Accountants, Auditors, Insolvency Practitioners Banks, Building Societies, Credit Unions, Finance Companies / Lending Institutions Developers Finance and Mortgage Brokers Insurance Companies, Insurance Brokers, Strata Title Management Firms Investment Advisors Lessors and Lessees Listed and Private Companies and Corporations Listed Property Trusts Local, State and Federal Government Departments and Agencies Mining companies Mortgage Trusts Private Investors Real Estate Investment Trusts (REITs) Solicitors and Barristers Superannuation Funds Newcastle and Central Coast Pty Ltd Corporate Profile Page 8

9 Innovation and Technology E-VALUERS E-Valuers is a web based valuation management and client connectivity system developed by. How it works E-Valuers can be accessed 24 hours a day, seven days a week from anywhere through the internet. The system is data warehoused at Global Switch in Sydney, which includes backup and redundancy support. Using the power of the internet, each of our Australian offices, valuation, asset management and consultancy operatives, help desk and support staff, as well as our clients, use the system to instruct tasks, upload documentation, monitor the progress of assignments, and interact with operatives and our help desk through a linked ing system. What the system does A staff member or client can be set up with a User Profile and password to access the E-Valuers system. A bundle of state-of-the-art instructions, task management, file storage, communication and administration benefits and features then become available to the user. Firstly, E-Valuers is a task management system. Once we receive an assignment, it is entered into E-Valuers, either directly by a client user or a operative. The system allocates a reference number to each task, which becomes searchable, along with other details such as client name, address, and so forth. Once a task has been established, the system includes a linked ing function that allows operatives or help desk to interact with clients via to advise of any delays that may be incurred in completing an assignment, seek additional information, and the like. E-Valuers is a paperless office. Each file, once established, is capable of having documents uploaded to it by way of a comprehensive catalogue. Clients may access documents from the system, or indeed upload scanned documents or any other document to the system in any file format, including PDF, Microsoft Word, Excel, HTML, TIFF or JPEG images. The system houses s document templates for all classes of property valuation and consultancy, so that our operatives may access these remotely. This has significant benefit when undertaking valuation assignments for remote properties throughout Australia. It also allows staff to be more time efficient, operating from home in certain circumstances to avoid delays in commuting to the office and hence finalising work assignments. Newcastle and Central Coast Pty Ltd Corporate Profile Page 9

10 Innovation and Technology E-VALUERS Client benefits The benefits that E-Valuers brings to s relationships with clients are significant. Firstly, it is a streamlined valuation instruction process. Secondly, the system allows ongoing internet connectivity with clients through the communication system. The ability to use E-Valuers in an ongoing sense allows clients to readily access background support documentation and our completed valuation reports. We have found our clients are relying on this system as a filing system in its own right to gain access to documentation well after valuations and consultancy assignments are completed. Benefits of E-Valuers E-Valuers delivers many significant benefits to our clients, such as the ability to: Establish electronic files for each property Submit instructions straight into the system Upload all supporting documentation Receive updates and delay notifications Monitor the progress of the assignment Access all reports and supporting documents 24/7 via the Internet. The system reduces turnaround times by enabling our team members to: Access assignments anytime, anywhere Send requests for further information Advise clients of access delays. AUSTRALIAN PROPERTY TRANSACTION PORTAL (APTP) Hosted in the E-Valuers environment, the APTP is s database of valuer verified commercial property transactions data for all classes of property, including: Commercial, retail and industrial Investment and vacant possession sales Development site sales Leasing transactions Hotel sales (pub and accommodation) Rural sales. The APTP is populated by s strong team of 130 property professionals Australia-wide and is exclusive to. The APTP enables us to promptly access high quality, accurate and relevant transactions data for analysis and use in reporting. Newcastle and Central Coast Pty Ltd Corporate Profile Page 10

11 Quality Assurance is dedicated to ensuring that all assignments completed by us are of the highest quality and satisfy all client requirements. The Industry Standard Code of Practice, set out by the Australian Property Institute and under the provisions of the Valuers Registration Act, is the hallmark of all work performed. We also strive to deliver competitive pricing, value for money and fast turnaround times on our engagements. Our quality control measures are in line with the Australian Property Institute s Professional Practice guidelines to ensure procedures result in the best service to our clients. These measures are used as a basis to initiate enhanced strategies ensuring that our service is continually improving. Liability limited by a scheme approved under Professional Standards Legislation. As members of the Australian Property Institute Valuers Limited (APIV Limited), our firm and the valuers of this firm are now participants in an APIV Limited Liability Scheme, which limits the liability of its members. Director and Senior Personnel Involvement Any project that is conducted by is overseen from start to finish by one of the Directors or senior personnel. This is done to ensure maximum level of task experience. Assignments are allocated to employees based on their level of experience and suitability for the task. Quality Control Coordinator Newcastle and Central Coast has a Quality Control Coordinator, Mike Fibbens, for large/specialised valuation assignments. Mike s role is to review complex valuation reports in line with our organisation s quality assurance policies. Best Practice Standards All property professionals are members of the Australian Property Institute. In completing all assignments, our staff members follow set guidelines, templates and procedures that ensure all client and legal requirements are met. Every report that is issued to clients is subject to stringent peer review. Help Desk Our experienced and helpful administration staff manage the information flow between our clients, their clients and our property professionals. This ensures prompt responses to all queries and timely completion of all assignments. Newcastle and Central Coast Pty Ltd Corporate Profile Page 11

12 Quality Assurance PROFESSIONAL MEMBERSHIPS Newcastle and Central Coast is a member of the following institutions: Australian Property Institute The Australian Property Institute offers its members a range of professional benefits and quality services relating to the property industry. Being a member of the Australian Property Institute, Newcastle and Central Coast utilise the Institute for setting and maintaining the highest quality standards of professional practice, education, ethics and professional conduct. Our CEO and Director, Robert Dupont, is currently the Chairman of the NSW Division of the Australian Property Institute. The Australian Property Institute provides a range of leading property publications, including the Australian Property Journal, and other professional and educational texts, such as Professional Practice and Valuation Principles and Practice. The Institute has developed the PropertyPro proforma template for residential mortgage valuation work. This proforma is the preferred format for the majority of Australia s lending financial institutions. Property Council of Australia The Property Council of Australia is a lobby group for property professionals, developers, building owners and managers. Being a member of this association allows Preston Rowe Paterson Newcastle and Central Coast to keep up to date on political agenda in relation to property issues on both a state and a national basis. Membership also ensures that our organisation has access to the very latest trends relating to major commercial properties. Hunter Business Chamber The Business Chamber is an advisor, a forum, a source of information and a point of access for its members. The Chamber provides its 1,200 members a comprehensive range of services including lobbying, advocacy, networking and advice including workplace relations, business advice and training. Newcastle and Central Coast Pty Ltd Corporate Profile Page 12

13 Quality Assurance CERTIFICATIONS Valuers is selective when recruiting professionals to represent the national brand. Only qualified and aspiring candidates are recruited to contribute to our wealthy knowledge bank. All our Valuers are Registered Valuers with accreditation from the Department of Fair Trading and are Members of the Australian Property Institute (API). Our Senior Valuers and Valuers are Certified Practising Valuers and our trainee valuers are working towards this qualification. team members are expected to meet all their continuous professional development requirements of the API, and this is supplemented by inhouse training seminars, discussions and conferences. Professional Insurance Newcastle and Central Coast Pty Ltd maintains comprehensive insurance coverage. Copies of the certificates of currency may be obtained by our clients upon request. Professional Indemnity Insurance Our firm has current professional indemnity insurance coverage totalling $10 million underwritten by Asset Insure Pty Ltd and Newline Insurance / Lloyd s of London. Public Liability Insurance Our firm has current public liability insurance coverage to a limit of $10,000,000 underwritten by Vero Insurance Ltd. Workers Compensation Our firm has a policy that covers the full amount of employer s liability under the Workers Compensation Act Newcastle and Central Coast Pty Ltd Corporate Profile Page 13

14 Staff Profiles DIRECTORS Newcastle and Central Coast has three directors. Their resumes are below. Robert Dupont CEO / Director / Valuer Career Highlights Newcastle and Central Coast Pty Ltd P: M: F: E: bob@prpncle.com.au Qualifications & Memberships Fellow of the Australian Property Institute Certified Practising Valuer Registered Valuer NSW Without Limitation VAL1783 Honorary Life Member Surveyors Institute of Zambia Member Property Council of Australia Licensed Real Estate Agent Director, Duponts Valuation and Property Research and now Director / CEO of Newcastle and Central Coast, 2005 present Partner, Dupont Fagan Valuers, Director, Government Valuation Department, Republic of Zambia, Valuer with Valuer-General s Department of New South Wales, President, NSW Division, Australian Property Institute 2011 Senior Vice President, NSW Division, Australian Property Institute 2009 to 2010 NSW Divisional Councillor for the Australian Property Institute 2003 to present Education Chairman and NSW Representative on Australian Property Institute s National Professional Board 2009 present President of the Hunter Valley Division of the Australian Property Institute from 1992 to 1998 Chairman of Property Council of Australia, Hunter Valley Chapter Committee Member, Property Council of Australia, Hunter Valley Chapter 2001 to 2008 Conjoint lecturer, University of Newcastle, Master of Property course 2009 to present Key Expertise Valuation of major developments including shopping complexes, large apartment complexes and industrial business parks Specialist valuations of properties such as service stations, mines, golf courses, marinas, vineyards and wind farms Expert witness report preparation and testimony in courts, including Supreme Court, Land and Environment Court, Family Court Asset portfolio valuations, acquisition / compensation valuations, rental determinations, unit entitlement valuations, feasibility analyses, market research and valuations for the purpose of development finance Recent Assignments Rental valuation of coal loaders, Newcastle Marina valuations in Sydney basin for Land and Property Management Authority (formerly Department of Lands) Rental assessment of 500 turbine wind farm at Broken Hill for Department of Lands Expert witness valuation and testimony, Tomago Aluminium v Valuer-General s Department, in Land and Environment Court Valuation of serviced apartments for class action in Federal Court Newcastle and Central Coast Pty Ltd Corporate Profile Page 14

15 Staff Profiles DIRECTORS David Rich Director / Valuer Career Highlights Director, Duponts Valuation and Property Research, and now Director of Newcastle and Central Coast 21 years experience across a wide range of industry related areas, including commercial and industrial real estate Extensive experience working with statutory bodies and multinational organisations Key Expertise Newcastle and Central Coast Pty Ltd P: M: F: E: david.rich@prpncle.com.au Qualifications & Memberships Associate Member Australian Property Institute Certified Practising Valuer Registered Valuer Without Limitation, No 6173 Associate Diploma Business (Val) Advanced Certificate in Real Estate Member Property Council of Australia President of the Hunter Valley Chapter of the Australian Property Institute Large scale valuations of various industrial, commercial and retail developments and subdivisions for the purposes of development finance, rental determinations, feasibility studies, accounting, taxation, asset disposal, acquisition, proposed sale or purchase Valuation of preschools, child care centres and aged care housing facilities Family law valuations Recent Assignments David has completed major valuation assignments for Landcom, Hunter Land, Hunter Water Corporation, ATB Morton and Yum! Restaurants. A selection of recent assignments is as follows: Proposed development of large industrial complex at Heatherbrae, to be wholly occupied by lessee, Sandvik Mining and Construction Australia Office headquarters and two major industrial buildings at Tomago occupied by AmpControl Anambah Business Park, an industrial estate to be developed over seven stages comprising approximately 81 allotments Market valuations and rental determinations of Pizza Hut and KFC outlets in NSW Rental determination under the Retail Leases Act of premises at Maryland shopping centre Valuations of various RSL and bowling clubs in the Hunter Valley Valuation of child care centres at campuses of the University of Newcastle Valuation of various retirement villages and independent living units in the Hunter region Proposed acquisition of sites comprising approximately 20 hectares for gas pipeline adjoining an aluminium smelter at Kurri Kurri Newcastle and Central Coast Pty Ltd Corporate Profile Page 15

16 Staff Profiles DIRECTORS Joshua Smith Director / Valuer Career Highlights Became Director of Newcastle and Central Coast in July 2009 Commenced working with Duponts Valuation and Property Research in July 2003, and as a registered valuer from March 2004 Key Expertise Newcastle and Central Coast Pty Ltd P: M: F: E: joshua.smith@prpncle.com.au Qualifications & Memberships Associate Member Australian Property Institute Certified Practising Valuer Registered Valuer No 7032 Associate Diploma of Property (Valuation) Diploma of Business (R/Estate Management) Certificate IV in Business (R/Estate Sales) Certificate IV in Business (Property Management) Valuation of large scale rural holdings and stations nationwide Valuations of large rural / residential subdivisions and medium density developments in the Hunter Valley and New England regions Valuations of vineyards and bed-and-breakfast tourist accommodation throughout the Hunter Valley Specialist valuations of properties including vineyards, mines, and sand and gravel quarries Valuations of prestige residential dwellings in prime inner Newcastle beachside locations Recent Assignments Joshua has completed major valuation assignments for developers and financiers, major banks, national corporations, private clients and government departments. A selection of recent assignments is as follows: Giro Station comprising 10,000 hectares of rural land in Gloucester, NSW Chatham Station, a 3,300 hectare sheep, cattle and horse breeding enterprise at Wingen, NSW Braylands, a substantial irrigated cotton farm at Emerald, Qld Various rural and residential subdivision valuations for one client of properties situated at Armidale, Bellbird, Grafton, Macquarie Hills, Muswellbrook and Tamworth Landmark, a newly constructed multi-level commercial building at Raymond Terrace comprising 2,700 square metres of commercial office space with secured government tenant Numerous sand and gravel quarries throughout NSW Yarraman Estate, a large established vineyard and winery in the upper Hunter Valley comprising 76 hectares under vine plus associated improvements Newcastle and Central Coast Pty Ltd Corporate Profile Page 16

17 Our Locations Newcastle and Central Coast has two offices at the following locations: NEWCASTLE Head Office 98 Hannell Street Wickham NSW 2293 PO Box 1740 Newcastle NSW 2300 P F E mail@prpncle.com.au GOSFORD Suite 6b, 10 William Street Gosford NSW 2250 PO Box 128 Gosford NSW 2250 P F E mail@prpncle.com.au Newcastle and Central Coast Pty Ltd Corporate Profile Page 17

18 Our Locations NATIONWIDE Capital Cities Sydney Level 11, 80 Clarence Street Sydney NSW 2000 PO Box 4120, Sydney NSW 2001 P: F: E: Directors Greg Preston Greg Rowe Melbourne Suite 6.02, Level 6, 488 Bourke Street Melbourne VIC 3000 P: F: E: Directors Neal Ellis Damian Kininmonth Adelaide Suite 4, 2A Daws Road Ascot Park SA 5043 P: F: E: Director Rob Simmons Brisbane Suite 16, 105 Vulture Street West End QLD 4101 GPO Box 1234, Brisbane QLD 4001 P: F: E: Director Troy Chaplin Regional Albury Wodonga Level 1, Suite 4, 520 Swift Street Albury NSW 2640 PO Box 7144, Albury NSW 2640 P: F: E: Directors Daniel Hogg Michael Redfern Ballarat 27 Doveton Street North Ballarat VIC 3350 P: F: E: Director Darren Evans Cairns Unit 3, 192 Mulgrave Road, Westcourt Cairns QLD 4870 PO Box 7505, Cairns QLD 4870 P: F: E: Directors Robert Cowell Brian Walsh Geelong Suite 4, Fenwick Street Geelong VIC 3220 P: F: E: Directors Gareth Kent Stuart McDonald Gippsland Suite 3, Powlett Arcade, 33 McBride Avenue Wonthaggi VIC 3995 P: F: E: Directors Tim Barlow Alex Ellis Warrnambool 795 Raglan Parade Warnambool VIC 3280 P: F: E: Directors Gareth Kent Stuart McDonald Newcastle and Central Coast Pty Ltd Corporate Profile Page 18

19 Our Locations NATIONWIDE (cont d) Regional (cont d) Mornington Suite 17, 1140 Nepean Highway Mornington VIC 3931 P: F: E: Directors Neal Ellis Damian Kininmonth Wagga Wagga Crespano Chambers, 152 Fitzmaurice Street Wagga Wagga NSW 2650 P: F: E: Directors Daniel Hogg Michael Redfern Newcastle and Central Coast Pty Ltd Corporate Profile Page 19