CORPORATE SERVICES

(a) Valuations: Land and Buildings, Furniture, Fixtures and Fittings etc

Continual changes in the value of real estate holdings, together with the increasing need to maintain accurate and current documentations of asset worth, has created a growing demand for our valuation services. New methods of assessing the worth of property continue to evolve as the economy becomes even more sophisticated, following dramatic changes in federal government monetary and fiscal policies under the structural adjustment programme.

Our valuation team draws from known facts related to property including development potential, title encumbrances, leases, dimensions, state of condition and size of improvements, sales evidence, and from these facts a professional appraisal of the property is determined and given with commercial comments.

(b) Valuation of Plant, Machinery and Equipment:

Plant, Machinery and Equipment can be examined on a number of alternative methods, depending on the need for such advice.

Common approaches include existing use value to the owner, market value in situ, disposable value if moved or depreciated replacement cost. For company accounting purposes, we provide integral or draft reports with total control against overlap or omission of fixed assets.

Our plant and machinery team is also active in providing detailed cost analysis for insurance claims, loss, assessing new policy accounts and insurable values on a regular review basis.

The Leisure Industry has matured in recent years to suitably cater for the increasing domestic demand and the influx of international investors created by investment promotion and the attractive rates of exchange.

The Leisure Industry, of course, is all encompassing including not only the large modern resorts, hotels and motels but also marinas, golf courses, amusement parks, and racecourses.

Our team of expert valuers have witnessed those changes and developed the modern techniques necessary to provide intelligent comment in a detailed and reliable form whether it is for advice on the feasibility of development, financing, or for trust purposes.

Having an inside industry understanding permits the Valuer to; interpret trading projections of a complex, anticipate trends and consumer fads, analyse the expectations and demands' of the investor and be aware of the vulnerabilities and limitations of the operator.

(d) Environmental Valuation

Environmental Damage Valuation:

Valuation of Contaminated Properties

Valuation of Environmental Externalities

Environmental Resource Valuation:

Valuation of Environmental Costs and Benefits (Environmental Decision making valuation)

Valuation of Environmental Quality

(e) Environmental Impact Assessment

(f) Environmental Research & Education

(g) Property and Facilities Management Services:

The growing complexity of modern buildings and facilities and the ever-increasing need to contain rising maintenance and operating costs makes the use of our professional property management almost mandatory.

Of paramount importance is the lease, often overlooked and therefore overtaken by changing events, statute, practice and the like, the lease terms need consideration not only as the contract between landlord and tenant, but also as to their effectiveness.

The Abayomi Ibiyemi & Company Organisation calls upon proven experience on all aspects of commercial, industrial, retail and residential property/facilities management to ensure efficient operation of a building or facilities for optimum return. Our accounting and reporting keep our clients fully informed on the current performance of their holdings.

Property management functions include rent collection, dealing with tenants' complaints, supervision of repairs, routine maintenance, rent reviews, estate patrol/inspection etc.

(h) Estate Agency Services:

The central aim of Abayomi Ibiyemi & Company is to provide its clients with a product that includes a full range of property services, be they traditional or innovative.

Each service area is individually staffed to a point that we are able to offer a quality unsurpassed by any in the industry. Our continual success over the years is itself proof of the expertise of our people.

Our range of agency services covers the commercial, industrial, retail and residential sectors of the market place, supported by the professional services in property and project consultancy and research.

Commercial investment sales, commercial office sales, retail sales, industrial sales, hotel/motel and leisure sales, commercial office leasing, portfolio and marketing.

Sales:

Identification of the market for a particular property through careful research is a prerequisite to processing instructions to sell to our clients.

Recommendations of market price will only be given after analysis of all available data. Our staff will carefully and objectively assess the most effective way to introduce a property to the market by auction, by tender or by private treaty, using the marketing and promotional skills of their personnel, the sales are practiced in securing the optimum price in the minimum time for all classes of commercial, industrial, retail and retail alike, dependent on prevailing and projected conditions.

Our leasing staff are fully aware that, in addition to securing top rental figures, other considerations need to be taken into account when seeking tenants. They recognize the importance of locating the lessees likely to best suit the property, the desirability of long term tenants, regular rent reviews and a host of detail considerations including advice as to suitable lease documentation.

Pre-leasing of new developments is now often seen as essential to their viability. This invariably requires the special skills of our target marketing staff to identify and secure.

(i) Property Development and Project Consultancy:

Demand for a certain type of space: the standard required: economic feasibility projections: what selection of services will help reduce long-term operating costs, these are some of the many considerations which will have bearing on the development.

With in-house access to a complete range of real estate service, we can provide all the advice and assistance needed to take a development from inception through to completion. The activities of our firm can be divided into;

(a) Appraisal study

(b) Project management.

(j) Viability Appraisal - This study is undertaken to determine the feasibility and viability of project investments. The basic principle is the measurement of costs against returns/revenue or benefits as the case may be. The study may be used to offer advice on project ranking, volume of development within market acceptability, payback periods and equity participation and general real estate investment advice.

(k) Project Management - Project management is a special aspect of estate surveying offered by our firm.

The main functions include; site selection and advice, client liaison and monitoring of development, selection of consultants and contractors, co-ordinating other consultants' activities, cost planning and control, finance advice etc.

(l) Acquisitions and Compensations;

We undertake wayleaves acquisitions and assessment of quantum of compensation for oil spillage, pipelines right of way, electricity lines, revocation of rights of occupancy and extinction of fishing/sporting rights.