The valuations team successfully delivered the financial reporting and insurance valuations for the Department of Treasury and Finance (DTF) portfolio.
The DTF portfolio comprises some 11 iconic properties located within Melbourne’s CBD and East Melbourne.
When assessing Fair Value, our valuation approach utilises either a Market Based Approach and/or a Depreciated Cost Approach (DRC), which is determined by the nature of the asset.
Our financial reporting valuations also contemplate (where appropriate) a Community Service Obligation (CSO) allowance, which is made for the difference between the unrestricted value and restricted value, taking into consideration the legal, financial or physical constraints on use or sale of the asset.
“Urbis has extensive experience in financial reporting valuations, and we ensure compliance with the relevant Australian accounting and valuation standards such as AASB, IFRS and API guidance papers.