Neo
Westend
Valuers
Registered, Licensed & Practising
Valuers
Company Profile-2014
info@neowestendvaluers.com
0704 28 10 15/0708 084 870
www.neowestendvaluers.com
Neo Westend ValuersOffices
Nairobi Office
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Trust Mansion Building-2nd Floor, Koinange Street
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Mob: 0726 441 937 &0721 331 389
Nakuru Main Office
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Farming Systems Kenya Building, Olive Kiamunyi,
Ground Floor-P.O. Box 12814-20100, Nakuru.
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Mob: 0735 73 73 23 & 0708 084 870
 Nakuru Town Office
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Salman Centre, Next to Prestige Mall
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2nd Floor Room 10-Mob. O704 28 10 15
Eldoret Office
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Tamarind Place, 2nd Floor Rm 8D
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Mob: 0735 73 73 23
Email: info@neowestendvaluers.com
Website: www.neowestendvaluers.com
Preamble
 Neo Westend Valuers are duly Registered,
Licensed, Gazetted & Practising Valuers & Estate
Agents, have fully established and equipped
offices in Nairobi , Nakuru & Eldoret and a
dynamic website.
 We have ten years experience in the real estate
sector valuation, estate agency, property
management, feasibility studies, rental
assessment and investment appraisal.
 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
 Neo Westend Valuers is a Limited Liability
Company duly incorporated under the
Companies Act Cap 486, Laws of kenya.
 It is a Kenyan-based real estate consultancy
firm with operation bases in Nairobi, Nakuru &
Eldoret. 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 Service Firm in Kenya and
the Eastern Africa Region.
 Our Mission: To Provide
Professional and Reliable Real
Estate Services in an Efficient
Manner.
Affiliation to
Professional & Statutory
Bodies
 Neo Westend Valuers 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
 Kenya Revenue Authority
 NHIF
 NSSF
 We have a Professional Indemnity Cover of Kshs.
50 Million
 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)
Our Strengths
 Long, specialist and proven experience in the
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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 diverse branch network enables us to
execute assignments in various parts of the
country efficiently.
Our Concerns for Our
Esteemed Clients/Partners
 Comprehensive Valuations and Investment
Appraisal for Prudent Investment decisions
 Timely delivery of services & Attention to
details
 Ensure achievement of highest and best use of
property
 Right advice on pricing of property at purchase
or disposal.
 Right investment choices from available
alternatives
Key Assignments
Undertaken within the
East Africa Region
Excluding Kenya
 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 of the Feasibility
Studies & Market
Surveys Undertaken
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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.
Market Survey of a Residential Property along the
Arboretum Drive Nairobi
Market feasibility study on a 63 units Residential
Development that is now fully sold at LangataWilson Nairobi.
Feasibilty Study-Commercial Development-Eldoret
CBD-Recently Concluded
Feasibilty Study-Hostel Development-Voi, On-going
Feasbility Study-Mixed Use Commercial and
Residential Development-Langata Road, Due for
Commencement
Our Institutional
Clients with On-Going
Service Contracts
 Kenya Commercial Bank
 Agricultural Finance Corporation
 PACIS Insurance Ltd
 K-UNITY Sacco Ltd
 Kenya Pipeline Staff Retirements
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Benefits Scheme
Micro Africa Ltd
National Oil Corporation of
Kenya
Elgeyo Marakwet County
Kericho County
Trans Nzoia County
Key Personnel
1. Gilbert Kibire
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BA (Land Econ. Hons) UoN, MISK (VEMS), RV & REA
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Full Member of ISK-VEMS Chapter
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Licensed, Gazetted & Practising Valuer and Estate Agent
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Managing Partner/Head of Valuation
2. Robert Kigen
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BA (Land Econ. Hons) UoN, MISK (VEMS). RV
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Full Member of ISK-VEMS Chapter
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Director/Senior Valuer & Head of Investment Appraisal
Dept.
3. Lawi Kibire
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BA (Land Econ. Hons) UoN, AMISK (VEMS)
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Valuer
4. Irene Kinyua
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Marketing Officer/|Office Administrator
5. Judith Chepkiyeng
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Marketing Officer/|Office Administrator
Profile of Key
Personnel
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1. Gilbert K. Kibire
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Gilbert is the Head of Valuations at Neo Westend 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.
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Key Project Involved In:
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Lead Valuer in the Valuation of Mulindi Factory Company Assets-Rwanda
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Lead Valuer in the Valuation of Shagasha Tea Company Assets-Rwanda
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Lead Valuer in the Valuation of Jesuits Fathers Registered Trustees Property
Portfolio within Nairobi.
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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.
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Lead Consultant in Market Feasibility study and Investment Appraisal of an
Intergrated Mixed Use Development on 500 acre parcel at Ruiru, Kiambu
County
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Market feasibility study on a commercial development that has been recently
completed at the Upper Hill, Nairobi.
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Rental Assessment of East Africa Breweries Limited Properties, Ruaraka
Nairobi
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Market Survey of a Residential Property along the Arboretum Drive Nairobi
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Valuation of Kenya Railways Corporation Assets from Nakuru to the entire
Western Region.
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Market feasibility study on a 63 units Residential Development that is now fully
sold at Langata-Wilson Nairobi.
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Valuation of Caltex Petrol Stations from Nakuru to the entire Western Kenya
Region.
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Portfolio Valuation of:
SOS Villages Kenya
Kenya Wine Agencies Limited
Kenya Fluospar Company Limited,
Aga Khan Foundation,
Penta Flowers Limited
Barclays Bank Assets
Profile cont’d
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Membership to Professional Bodies
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Full Member of The Institution of Surveyors of Kenya (ISK).
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Affiliation to other Statutory Bodies
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Valuers Registration Board –Registered, Licensed & Practising Valuer
Estate Agents Registration Board-Registered & Practising Estate Agent
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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 6th to the 13th
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
Profile Cont’d
 2. Robert Kigen
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Robert is a Senior Valuer at Neo Westend Valuers . He holds a Bachelors Degree in
Land Economics from the University of Nairobi and Currently pursuing a MSC
Degree in Construction Management at the same University. He has over five
year’s hands on experience in the Real Estate Sector.
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Expertise
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Project Management;
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Investment appraisals and feasibility Studies;
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Valuation of movable and fixed assets;
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Extensive knowledge of Principles and Practices of property management;
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Strong ability to negotiate, develop and prepare property leases;
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Ability to produce high quality work and meet deadline in a fast, high volume
environment;
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Strong knowledge in examining leases and rental agreements;
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Strong abilities in profiling tenants, eviction, rent collection;
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Building maintenance;
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Extensive knowledge on property budget preparation;
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Ability to track the performance of both commercial and residential properties and
make sure that real estate investments accomplish their anticipated revenues;
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Membership to Professional Bodies
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Full Member of The Institution of Surveyors of Kenya (ISK).
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Affiliation to other Statutory Bodies
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Valuers Registration Board –Registered Valuer
Profile Cont’d
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Key Projects involved in:
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Valuation of NSSF Kenya, Real Estate Properties
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Valuation of all SSFR, Rwanda Real Estate Assets;
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Investment appraisals of Local Authorities Pension Trust (Laptrust)
properties for restructuring;
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Valuation and Investment appraisal of Changamwe, Tudor, Likoni and
Buxton Municipal council estates in Mombasa, comprising of more than
7,000 residential units covering an acreage of approximately 500 acresfor LaPtrust Pension Scheme Property Restructuring and Development;
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Valuation of Muhoroni Sugar Company (Under receivership) for
privatization purposes;
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Valuation of Chemelil Sugar Company for privatization purposes;
September;
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Valuation of Miwani Sugar Company (Under receivership) for
privatization purposes;
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Valuation of Kenya Wines Agencies’ properties for privatization
purposes;
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Valuation of New KCC Properties for Privatization Purposes;
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Valuation of Coca-cola East Africa loose assets
Our Core Values
 Integrity, Professionalism and
Competence
 Consistency
 Efficiency
Areas of Expertise &
Service
 Real Estate & Motor Vehicle Valuation
 Real Estate Agency (Sales & Letting)
 Rental Assessment of Property
 Real Estate Investment Appraisal
 Real Estate Feasibility Studies
 Real Estate Market Surveys
 Real Estate Project Management
 Real Estate Management & Maintenance
 General Real Estate Consultancy
Brief of Our Valuation
Services
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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.
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Valuation is of critical importance to a private investor to
make sound investment decisions and to public institutions
particularly in policy implementation.
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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.
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The Valuation Team at Neo Westend Valuers 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 and Practising Valuer (Certificate Serial
No. 450), Registered & Practising Estate Agent (Reg. No.
1219)
Valuation Service
Cont’d
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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.
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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 propertiescinemas, 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
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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.
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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.
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The Investment Appraisal & Feasibility Studies
Services Team at Neo Westend Valuers is led by
Robert Kigen- A full member of the Institution of
Surveyors of Kenya (M.I.S.K) & A Registered Valuer.
He has proven experience in this area of service.
Estate Agency
 We at Neo Westend Valuers Offer
Professional Real Estate Agency Services
which support our client’s quest to
acquire or dispose property. We
specifically engage in searching of
suitable properties for purchase by our
clients, sale of properties and letting of
rental properties. We also advice and
facilitate the purchase, subdivision (in
case of vacant plots) and sale of strategic
properties. We specialize in this line of
service and you can be assured that we
shall give you due attention and
personalized service. The Estate Agency
Team is led by a duly Registered,
Licensed and Practising Valuer and Estate
Agent.
Some Selected Agency
jobs
 Sale of 32 plots at Ngata
 Sale of Oasis Apartments,
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Kilimani, Nairobi
Sale of Bianca Villas
TownHouses, Lavington Nairobi
Sale of plots at Kileleshwa,
Nairobi
Sale of several individual houses
and plots in Nakuru
Sale of individual houses in
Nairobi.
Property Management
 Based on our understanding that real
estate investment is capital intensive and
the fact that each investor seeks to
achieve the best return on investment,
we
offer
professional
property
management to ensure that investors
achieve their investment objectives and
at the same time ensure that the tenants
living in the properties are comfortable
and all their concerns are resolved
amicably. It is our pleasure to manage
your property and you can have peace of
mind as you ponder your next investment
opportunities.
Professional Fees
 Key Guiding Legislation: Valuers Act Cap 532, Laws of Kenya
 Estate Agents Act Cap 533,Laws of Kenya
Neo Westend Valuers Ltd
 © NWVL 2014