In 2021, Opteon revolutionised the market by meeting demand for accurate, fast and easy to understand valuations across the sub $5m commercial property asset classes. The solution was the Core Commercial Report, a tech-enabled report that provides banks with a succinct summary of the key risks and metrics up-front. The report has reduced turnaround times to five days in metro areas, reduced post-valuation enquiries by 4%, and increased report preparation efficiency by 20% – 30%.
Building on this success, Opteon has just expanded its long-term partnership with valuation software company, Forbury, to increase efficiencies and effectiveness in preparing commercial reports for complex specialist valuations.
The expanded partnership now provides a secure, cloud-based connection between Forbury’s commercial and retail products, which use a cloud-based SaaS calculation engine to offer deeper insights into the values of assets, and Opteon’s Valuation Management System (VMS).
Opteon’s valuers use the VMS to manage the end-to-end valuation process seamlessly in one place. Now, with linked access to data generated by Forbury’s SaaS engine, they can also readily produce complex reports for $10m+ commercial assets, such as shopping centres, office buildings and high value industrial assets. These can involve single or multiple tenancies.
About the tech
Opteon’s Valuation Management System
The Valuation Management System (VMS) is Opteon’s proprietary tech platform, which supercharges Opteon’s business by delivering speed, efficiency and quality outcomes to the 500+ Opteon people who use it.
Opteon’s VMS also provides customer connectivity, creating system-to-system integrated channels with lenders by plumbing straight into third party and bank systems using industry standard protocols.
Forbury Commercial provides an integrated assessment of value using capitalisation of net income, discounted cashflow and direct comparison methods of valuation. It can be used to:
• assess acquisition and divestment opportunities
• undertake property valuations for mortgage and other reporting purposes
• provide project valuation forecasts
• provide leasing scenario analysis
• prepare cashflow budgeting / forecasting (up to 20-year cashflows by month, 10-year rolling discounted cashflow)
Forbury Retail draws on detailed information on each space within a shopping centre. Using inputs from a variety of critical elements, the software provides industry-leading modelling to inform property valuations, project valuation forecasts, acquisition and divestment opportunities, cashflow budgeting and forecasting, and leasing scenario analyses. It also assesses tenancy performance by major tenant and individual trade categories.
Learn more about our commercial valuation and advisory services
This material is produced by Opteon Property Group Pty Ltd. It is intended to provide general information in summary form on valuation related topics, current at the time of first publication. The contents do not constitute advice and should not be relied upon as such. Formal advice should be sought in particular matters. Opteon’s valuers are qualified, experienced and certified to provide market value valuations of your property. Opteon does not provide accounting, specialist tax, investment or financial advice.
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