Continually developed since the early 1990s, FAIRVAL is our main ‘worth appraisal’ system. Based on the Dividend Discount Model (DDM) frameworks used to value equities, FAIRVAL is an explicit Discounted Cash Flow (DCF) model which utilises practitioner-adjusted research inputs on required returns and net income growth, and asset cash flow and leasing characteristics to generate a ‘fair value’ for an asset being appraised.

This, and the returns related to it, can be compared with observable or anticipated market price and related returns to inform buy, sell or hold decisions.

PIRAMID is a proprietary system developed in the late 1990s, to assemble, calculate and store data on our client-fund asset performance in a manner compatible to that produced by the Investment Property Databank (IPD). The system not only allows IPD-type results to be checked and produced for our clients far faster than IPD is able to provide, but it also represents a major data repository upon which bespoke research analyses can be carried out by the research team.