MILLS FITCHET

KZN - Dargle

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 22 years ago in the Midlands of KwaZulu Natal. As a result, he is a frequent traveller between Johannesburg, Cape Town, Durban and other parts of Africa. Tom specialises in valuations throughout Southern Africa for the listed sector with instructions undertaken in Mauritius, Ghana, Zambia, Mozambique, Namibia and Nigeria for a number of key clients including the World Bank, Delloite (UK), Old Mutual, Hyprop and Atterbury.

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 comprise numerous super-regional shopping centres which include  The Mall of Africa, Menlyn Park, Sandton City, Cresta, The Pavilion, La Lucia,  Canal Walk, Lakeside Mall together with some of the best flagship shopping 
centre in other parts of Africa. Other larger flagship instructions include Lanseria Airport, the decommissioning of the old Durban airport, numerous flagship hotels and hospitals, to name just a few.

Tom also provides advice to pension funds, acts for most of the major banks, and a  number of public companies, firms of accountants and various listed funds.

 

Tom Bate is a Chartered Valuation Surveyor. He has spent 37 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 in Urban Land Economics from the University of Westminster, London 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 cash flow (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.

 

Key Personnel

 CONTACT US

Tel: +27 (0)33 234 4321   |   Cell: 082 781 3875

 

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“Mills Fitchet” refers to the brand under which the Mills Fitchet member firms provide property valuation and associated services to their clients and/or refers to one or more member firms, as the context requires.  The member firms are not a partnership.  Each member firm is a separate legal entity.  Services are delivered by the member firms, and the member firms are not agents of, and do not obligate one another, and are not liable for one another’s acts or omissions.