ADVANCED VALUERS LTD AVL Licensed Valuers Realtors

ADVANCED VALUERS LTD (AVL) Licensed Valuers, Realtors & Investment Consultants 0719 123 760||0704 28 10 15 info@advancedvaluers. co. ke www. advancedvaluers. co. ke

AVL-Office & Contacts Physical & Postal Address: VICMARK PLAZA 3 rd Floor, Room C 14, Nakuru CBD (Behind Woolmart Central), P. O. Box 12814 -20100, Nakuru Kenya Contacts: 0719 123 760||0704 28 10 15 info@advancedvaluers. co. ke www. advancedvaluers. co. ke

Preamble AVL is a duly Registered, Licensed, Gazetted & Practising Valuation & Estate Agency Firm. We have over ten years experience in the Real Estate Services Sector, Valuation and Investment Consultancy. We undertake our services with high levels of integrity and professionalism. We embrace modern technology in executing our services and thus our turn-around time is very short.

Preamble Cont’d AVL is a Kenyan-based Real Estate Consultancy firm with its main operation base in Nakuru and countrywide service. It has brought together a team of professionals who have gained vast experience in the real estate service industry. The firm endeavours to offer real estate professional services in a manner that promotes maximization of returns to the property investors and all stakeholders in the real estate industry.

Our Vision & Mission Our Vision: To Be a Preferred Real Estate Services Firm in Kenya and the Eastern African Region. Our Mission: To Provide Professional and Reliable Real Estate Services in an Efficient Manner.

Affiliation to Professional Bodies AVL is affiliated and compliant to: The Valuers Registration Board (VRB)-Under Valuers Act Cap 532 The Estate Agents Registration Board (EARB)-Under Estate Agency Act Cap 533 The Institution of Surveyors of Kenya (ISK) I. S. K in turn is affiliated to international Professional bodies namely: Association of Professional Society of East Africa. (A. P. S. E. A. ) Federation of International Surveyors (F. I. G) Commonwealth Association of Surveying and Land Economy. (C. A. S. L. E) We are Duly Licensed and Gazetted by the Relevant Government Agencies to practise as Valuers & Realtors We are also fully compliant to other relevant statutory bodies-NSSF, NHIF & KRA

Our Strengths Long, specialist and proven experience in the real estate industry Understanding of the real estate market operations Attention to detail and accuracy Ability to listen and grasp client requirements Strong communication, presentation and public relations capability Versatility in way of operation Short turn-around time Ongoing quest for knowledge and research in the industry A focus on quality rather than quantity Developed systems for effective and efficient service delivery We Embrace Modern Technology in the Undertaking of Our Assignments

Our Concerns for Our Esteemed Clients/Partners Comprehensive Valuations and Investment Appraisal for Prudent Investment decisions Timely delivery of services & Attention to details Professional Advise to ensure achievement of highest and best use of property by our clients and partners Right advice on pricing of property at purchase or disposal. Right investment choices from available alternatives Consistent Professional Services at all times

Key Assignments Undertaken within the East Africa Region Valuation of Mulindi Tea Factory Ltd Assets, Rwanda Valuation of Shagasha Tea Factory Assets, Rwanda Valuation of all SSFR, Rwanda Real Estate Assets; Valuation of Coca-cola East Africa loose assets Advise, Appraisal, Design Consultancy and Project Management of the proposed NSSF Burundi Pension Towers

Some Key Assignments Undertaken in Kenya Valuation of Sergoit Farm Assets (5, 000 Acre), Uasin Gishu County Valuation of Technology Farm (2, 700 Acre), Nakuru County Market Feasibility study and Investment Appraisal of an Integrated Mixed Use Development on 500 acre parcel at Ruiru, Kiambu County Market Feasibility Study on a commercial development at Upper Hill, Nairobi. Real Estate Property Market Survey of Kisumu City, Nakuru Town, Eldoret Town, Kericho, Kakamega, Kitale and Webuye towns for Standard Chartered Bank. Valuation of Deloraine Farm (5, 000 Acre), Nakuru County Market Survey of a Residential Property along the Arboretum Drive Nairobi Valuation of Jesuits Fathers Property Portfolio, Nairobi County Market Feasibility study on a 63 units Residential Development that is now fully sold at Langata-Wilson Nairobi. Feasibility Study-Commercial Development-Eldoret CBD Feasibility Study-Mixed Use Commercial and Residential Development-Langata Road Valuation of Several individual Residential, Commercial, Agricultural and Industrial Properties across several parts of the country. Valuation of Hotel Businesses in Eldoret Valuation of Kunste Hotel Nakuru Valuation of Properties for Compulsory Acquisition

Some of Our Institutional Clients Kenya Pipeline Company Ltd Technology Farm Kenya Commercial Bank Deloraine Estate Ltd Agricultural Finance Corporation Jesuits Fathers & Hekima College PACIS Insurance Ltd Deca Properties Ltd Family Bank Sunland Ventures Ltd Rwanda Investment Ltd

Profile of the Executive Director & Head of Valuation Valuer Gilbert Kibire Gilbert is the Executive Director & Head of Valuations at Advanced Valuers He holds a First Class Honours Degree in Land Economics from the University of Nairobi. He is also a Registered, Gazetted, Licensed & Practising Valuer and Estate Agent. He has over seven year’s hands on experience in the Real Estate Sector. Key Project Involved In: Lead Valuer in the Valuation of Mulindi Factory Company Assets-Rwanda Lead Valuer in the Valuation of Shagasha Tea Company Assets-Rwanda Lead Valuer in the valuation of Sergoit Farm and its Assets-5, 000 Acre Lead Valuer in the Valuation of Jesuits Fathers Registered Trustees Property Portfolio within Nairobi. He was the lead consultant in the real estate base market survey of Kisumu City, Nakuru Town, Eldoret Town, Kericho, Kakamega, Kitale and Webuye towns for Standard Chartered Bank. Lead Valuer in the Valuation of Technology and Deloraine Farms, Nakuru. County Lead Consultant in Market Feasibility study and Investment Appraisal of an Integrated Mixed Use Development on 500 acre parcel at Ruiru, Kiambu County Lead Valuer in the Valuation of Sergoit Farm, Uasin Gishu County Market feasibility study on a commercial development that has been recently completed at the Upper Hill, Nairobi. Rental Assessment of East Africa Breweries Limited Properties, Ruaraka Nairobi Market Survey of a Residential Property along the Arboretum Drive Nairobi Valuation of Kenya Railways Corporation Assets from Nakuru to the entire Western Region. Market feasibility study on a 63 units Residential Development that is now fully sold at Langata-Wilson Nairobi. Valuation of Caltex Petrol Stations from Nakuru to the entire Western Kenya Region. Part of Team Involved in the Portfolio Valuation of: SOS Villages Kenya Wine Agencies Limited Kenya Fluospar Company Limited, Aga Khan Foundation, Penta Flowers Limited Barclays Bank Assets

Profile Cont’d Membership to Professional Bodies Full Member of The Institution of Surveyors of Kenya (ISK). Affiliation and Compliance to other Statutory Bodies Valuers Registration Board –Registered, Licensed & Practising Valuer Estate Agents Registration Board-Registered & Practising Estate Agent Other Awards Institution of Surveyors of Kenya Award for the best final year student in Land Economics (2004/2005) Knight Frank Kenya Limited Annual Award for the best final year student in Land Economics (2004/2005) David & Mary Kiamba Memorial Prize for best final year student in Land Economics (2004/2005) Participation in Seminars & Conferences Did a presentation during the Global Climate Change Forum held at the UNEP Headquarters Gigiri, Nairobi between the 6 th to the 13 th November 2006. Written Research Papers: Challenges Facing the Formulation of a Sustainable Tenant Mix in Shopping Centres, Nairobi An investigation into the Reasons why Informal Settlements (Slums) Flourish, Nairobi

Our Core Values Integrity Professionalism & Competence Consistency &Efficiency

Areas of Expertise & Service • • • • • • VALUATION For: Court Bond Mortgage Purchase/Sale Joint Ventures/Mergers Financial Reporting Insurance etc REAL ESTATE Sales Acquisition Conveyancing Development Market Surveys/Feasibility Studies Investment Appraisal INVESTMENT CONSULTANCY Advisory Consultation & Facilitation Crowdfunding Diaspora Liaison Business Finance

Valuation Services Valuation is an art or science of estimating the value of a particular interest in the property for a specific purpose at a particular moment in time taking into account all the features of the property and all market factors. Valuation is of critical importance to a private investor to make sound investment decisions and to public institutions particularly in policy implementation. These valuations can be broadly categorized into statutory and non statutory valuation. Statutory valuations are those whose basis of valuation is provided by legislation whereas non statutory valuations stem from natural events whose basis of assessment is governed by the appropriate valuation methods. The Valuation Team at AVL is led by Gilbert Kibire- A full member of the Institution of Surveyors of Kenya (M. I. S. K) – Reg. No. 761 and holds a First Class Honours in Land Economics from the University of Nairobi) -He is a Registered, Gazetted and Licensed Valuer (Certificate Serial No. 450), Registered & Practising Estate Agent (Reg. No. 1219)

Valuation Service Cont’d We undertake Valuation for the following Purposes: Sale/purchase, Court Purposes (Bonds/Surety), Mortgage, Insurance, Rating, Compulsory Acquisition, Mergers, Liquidation, Financial Reporting/Book Purposes, Auction/Forced Sale or Rent determination. We Value the following Range of properties: Residential, Commercial, Industrial, Agricultural, Development properties, Vacant Land, Natural Resources, Plant & Machinery, Motor Vehicles, Going Concerns, Goodwill, Special purpose properties-cinemas, schools, theaters, hotels, restaurants, petrol stations, recreational facilities, churches, hospitals, golf courses, mineral lands, wildlife, marine & wildlife, Leasehold Properties, Furniture, Equipment, Computers, Fittings and Stock.

Investment Appraisal & Feasibility Studies We provide market analysis and market forecasts in making decisions about the purchase, use or development of real estate. With investment appraisal, we help real estate owners, investors and lenders make informed decisions by providing critical information about a specific concept or project, such as new construction, redevelopment or renovation of an existing property, or re-use of underutilized or abandoned facilities. With professional investment appraisal, an investor will engage in projects with maximum returns and minimum payback period and be able to avoid cost overruns and hedge against high exposure to unsystematic (specific) risks which can be mitigated with proper appraisal.

Professional Fees The Professional Fees We charge are based on the Guidelines of the below pieces of Legislation Regulating our Industry and Profession: Valuers Act Cap 532, Laws of Kenya Estate Agents Act Cap 533, Laws of Kenya Thank you and Look Forward to Partnering with you and be of Service to You! For More Details About Us Please Visit: www. advancedvaluers. co. ke Advanced Valuers Ltd © AVL