Windmills undertakes industrial assets property valuation professionally. Let us explain below how we do it and what the important process steps are that we look after professionally.

Some examples of types of industrial assets property in general are plant, machinery, and equipment. The machinery may belong to any factory or industry. Specific examples of equipment are cranes, cars, ships, and airplanes. To arrive at their market value, we prefer to apply the market approach of valuation. However, a good number of machinery and equipment items may be unique, and their secondary market may not be available. In that case, the depreciated replacement cost valuation approach is applied.

Each property being valued is unique. It has several standard or unique attributes that must be considered while valuing the property. These factors may include its location, size, age, condition/defects, view, positioning, upgrades, extensions, and other such attributes. We apply all the relevant adjustments to the above standard and unique attributes of the subject property scientifically.

The process of industrial asset valuation by depreciated replacement cost involves various professional and sensitive steps, which are described pictorially at the end below. Using the depreciated replacement cost approach of valuation, we research and determine from the market the current market price of the subject asset, adjust downward for depreciation based on its consumption so far if applicable, adjust upward or downward for its state of maintenance if applicable, adjust for the features and functionalities of the new machine versus the one being valued if applicable, and derive its market value.

Please read further explanation of valuation concepts under the valuation page. Please refer to the RICS Red Book for learning more about the international valuation standards and the Emirates Book of Valuation Standards for learning more about the local valuation standards.