Managing Director: Don E. Gilbert

B.Com/B.Econ, Dipl.Prop.Vals; Cert. Med. & Arbit. AAPI Certified Practicing Valuer; MRICS; AIAMA (Arbitration); Specialist Retail Valuer; Val. Reg. No. 2652.

I provide commercial advice with regard to retail property leases, leasing, rent, and lease disputes.

I prepare independent Experts Reports for:

1. Forensic analysis of Financial Statements to calculate loss for alleged breach of lease for Plaintiffs/Applicants and Defendants/Respondents for alleged breach of lease;
2. Causation of breach of lease (to isolate internal and external factors i.e. economy, a catchment or demographic area or precinct, an industry, the precinct or centre in question, factors within the centre including competing and complementary uses, the KPI’s of a tenancy in question and sometimes the operator or proprietor), link cause to effect to damage;
3. Review of expert’s calculations of loss and whether fair and reasonable;
4. Opinions in regard to current market rent (retail and commercial) and to value a lease under AASB 138.

A lease or package of leases is an “intangible asset” (or liability). A lease or leases can add additional “value” to a company’s balance sheet under AASB 138. Alternatively it can decrease the intangible asset value.

Depending on the quality of income streams, security of tenure etc., leases can (significantly) add or detract from the value of a business, a property investment, a prospective investment for all stakeholders including financiers.

Too little emphasis has been placed, or is placed on, the quality of income streams here and overseas. A valuation can be 100% + out if the quality of a rental income stream has not been assessed, quantified, and calculated into the “value” per se.