NAMA has provided the property valuation fees below by year, together with the top 10 recipients of these fees in each year. The analysis is based on fees invoiced to and paid by NAMA in the period from inception to 31 January 2012. Amounts are inclusive of VAT. A total of €13.3m has been paid by NAMA for property valuations. €12.4m of the valuation fees paid relate to once-off property valuations carried out as part of the property due diligence in respect of the acquired loans. €0.9m of the valuation fees paid relate to valuations required as part of NAMA's ongoing management of the acquired portfolio
The property valuation fees incurred in respect of property due diligence are recovered from the financial institutions through a reduction in the acquisition value.
Total Property Valuation Expenses by years (€‘000)
Year
|
Total €’000
|
2010
|
4,084
|
2011
|
8,947
|
2012
|
273
|
Total
|
13,304
|
Top 10 Providers to date (€'000)
Firm
|
2012
|
2011
|
2012
|
Total €’000
|
Jones Lang Lasalle Ltd — Dublin
|
584
|
655
|
—
|
1,239
|
Donal O’Buachalla and Co Ltd
|
329
|
873
|
—
|
1,201
|
Colliers International Dublin
|
444
|
534
|
—
|
978
|
Lisney Ltd
|
293
|
567
|
1
|
861
|
Knight Frank LLP
|
266
|
490
|
—
|
756
|
WK Nowlan and Associates
|
327
|
406
|
16
|
748
|
Cushman and Wakefield
|
56
|
576
|
65
|
697
|
Lambert Smith Hampton
|
111
|
578
|
—
|
689
|
HWBC Ltd
|
210
|
418
|
3
|
630
|
Savills Commercial (Ireland) Ltd
|
52
|
456
|
105
|
612
|
Top 10 Providers by year (€'000)
2010
|
Firm
|
€’000
|
Jones Lang Lasalle Ltd — Dublin
|
584
|
Colliers International Dublin
|
444
|
Donal O’Buachalla and Co Ltd
|
329
|
WK Nowlan and Associates
|
327
|
Lisney Ltd
|
293
|
CB Richard Ellis
|
278
|
Knight Frank LLP
|
266
|
Bannon Commercial Property Consultants Ltd
|
229
|
HWBC Ltd
|
210
|
GVA Grimley Ltd
|
142
|
2011
Firm
|
€’000
|
Donal O’Buachalla and Co Ltd
|
873
|
Jones Lang Lasalle Ltd- Dublin
|
655
|
Lambert Smith Hampton
|
578
|
Cushman and Wakefield
|
576
|
Lisney Ltd
|
567
|
Colliers International Dublin
|
534
|
Knight Frank LLP
|
490
|
Savills Commercial (Ireland) Ltd
|
456
|
HWBC Ltd
|
418
|
Irish and European
|
417
|
2012
Firm
|
€’000
|
Savills Commercial (Ireland) Ltd
|
105
|
Cushman and Wakefield
|
65
|
CB Richard Ellis
|
42
|
Frazer Kidd and Partners
|
22
|
WK Nowlan and Associates
|
16
|
Irish and European
|
7
|
Douglas Newman Good
|
6
|
Knight Frank (Dublin)
|
3
|
HWBC Ltd
|
3
|
Colliers International Belfast
|
2
|