Another Professional Mills Fitchet Team - (KZN)

Mills Fitchet KZN (Countrywide)

Background

The desire to balance the demands of complex commercial property valuations and quality of life resulted in Tom Bate setting up the Dargle office 15 years ago in the Midlands of KwaZulu Natal. Tom specialises in valuations throughout South Africa for the listed sector and more recently has undertaken instructions in Mauritius, Zambia and Nigeria for the World Bank, Delloites (UK) and Old Mutual.

Expertise

Tom's core specialisation is relatively complex valuation instructions throughout Southern Africa and in particular:

•    Shopping centres
•    Commercial and industrial property
•    Hotels
•    Hospitals

Some of the larger instructions include Lanseria Airport, Canal Walk, Lakeside Mall, The Glen and Woodlands Office Park.

Tom also provides advice to Pension Funds, acts for most of the major banks, a number of public companies, firms of accountants and various listed funds. Tom currently values in excess of R8-billion of property assets on an annual basis.

Key Personnel

Tom Bate
Managing Member, Professional Valuer
MSc (Reading), BSc Land Econ (London), MRICS, MIVSA

Tom Bate is a Chartered Valuation Surveyor.  He has spent 30 years as a valuation and property consultant and gained extensive experience with various international firms in London, Vancouver and Sydney.  He also ran a professional practice in Johannesburg and Cape Town before setting up the current office.

As a Chartered Surveyor with a degree from Central London University in Urban Land Economics and a Masters from Reading University, he places a strong emphasis on research, the quality of report writing and the need to conform to international standards.

This is an ethos that he shares with the other associates and one that is rigidly maintained by a policy of in-house consultation and teamwork.  Extensive exposure to litigation and review appraisals has contributed to this standard.  The continual scrutiny by external auditors and the need to comply with JSE standards is seen as a welcome requirement.

Tom specialises in discounted cashflow (DCF) valuations and was awarded a distinction for the DCF modelling he submitted for his MSc. Tom uses the internationally recognised discounted cash flow programme Cougar, which was developed in Australia and is extensively utilised by the listed sector in South Africa.  He also uses MDA Analyst, a South African discounted cash flow product.

Contact Mills Fitchet KZN (Countrywide)

Tel: +27 (0)33 234 4321 or +27 (0)31 209 2910
Fax: +27 (0)33 234 4751
Cell: 082 781 3875
Contact Form

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