Case Study

Annual Valuation for Financial Reporting of AIA

Valuation

vas-annual-valuation-for-financial-reporting-of-aia-972x1296

Project Details

Client Represented: AIA Company Limited ("AIA")
Location: Bangkok, Chiang Mai, Khon Kaen and Nakhon Ratchasima, Thailand  
Topline: CBRE was appointed as the principal valuer for the AIA office portfolio in Asia in its entirely.

Services Provided

Annual valuation for financial reporting of AIA. The regional mandate covers the valuation of office buildings in many Asia Pacific countries including China, Hong Kong, Indonesia, South Korea, Macau, Malaysia, the Philippines, Singapore, Sri Lanka and Thailand.

Overview

As the largest listed life insurance group, AIA owns and invests in core assets in various Asia Pacific countries. CBRE has been appointed as the principal valuer for the AIA office portfolio in Asia in its entirely. CBRE Thailand was also appointed under a local instruction to provide opinion of market value for investment purposes.

Strategy

  • Complied with international valuation standards and the regional report format that is specifically designed for AIA in responding to the client’s requirements.
  • Worked with the central team to ensure timely responses to the client’s enquiries and output delivery. CBRE also assisted in aligning different market norms and answering questions from international auditors.
  • Worked with CBRE’s office team in providing insightful market data and comparable transactions which were limited in Thailand.

Results

  • Under the regional mandate, CBRE was initially appointed in 2009 and subsequently reappointed in 2011-2016.
  • Worked with the central team to ensure timely responses to the client’s enquiries and output delivery. CBRE also assisted in aligning different market norms and answering questions from international auditors.
  • In 2018, CBRE Thailand was appointed by AIA Thailand under a local mandate to conduct a valuation of a land plot for AIA’s investment project in Bangkok’s fringe area.

Other Case Studies