The Mills Fitchet Group is represented throughout South Africa by a team of independent, dedicated specialists based in various parts of the country
Cape Town – Newlands
Formed as a merger of Mills Fitchet Cape and Magnus Penny Associates in 1996 this office has continued to build on their past solid reputations.
Tel: +27 (0)21 424 1540 | Cell: +27 (0)82 901 2064
Director, Professional Valuer
NDPV, MIVSA, MRICS
Mike was a partner with Magnus Penny Associates from 1989 to 1996, and presently Managing Director of Mills Fitchet Magnus Penny.
He has undertaken all types of valuations throughout South Africa and Africa (Ghana, Namibia, Uganda, Mozambique and Zambia)
Specifically in West Africa he has undertaken valuations on instruction from Savills (UK) for international clients acquiring leasehold rights to set up corporate offices, warehousing and factories.
In Central Africa valuation work was undertaken in Uganda for international companies – mainly corporate office locations.
In Southern Africa Mike has completed valuations for both South African and international clients. These locations include retail and office offerings in Lusaka (Zambia); Mozambique (hospitality along the coastline); retail, office and industrial offerings in both Windhoek and Walvis Bay (Namibia), Indian Ocean Islands such as Seychelles (Eden Island) and Mauritius (office and hospitality).
South African experience includes general practise industrial, commercial, residential, agricultural and hospitality including:
Rental arbitration (market option renewals)
Assessor to the Cape High Court
Expert Witness in High Court Cases
Due diligence reports for large property acquisitions
Advisor to fund and trust managers on acquisitions
Served on the Committee of Southern Branch of the South African Institute of Valuers and served on the National Executive Committee S. A. Institute of Valuers
Guest Lecturer at UCT – Property Studies.
Providing expert evidence at the Cape High Court, the valuations appeal board City of Cape Town.
Assessor to the High Court – Land Claims.
Summary of Other Specific Work Experience:
For annual financial reporting purposes, he is under scrutiny by external auditors and the need to comply with JSE standards and their listing requirements.
MDA and Cougar discounted cashflow programmes are used.
Associated Consulting Services
Wide range of associated consulting services for our clients, which cover a wide range of property related matters including:
Property development matters
Advice on the negotiation and completion of property transfers
Registered Valuer in Training SA Council of Property Valuers
1994 – 1996: Phoenix Property Management Service’s
1996 – 2001: Pam Golding Commercial:- Property Managers:- commercial portfolio management
2001 – Presen: Mills Fitchet Magnus Penny & Associates: candidate valuer.
Kyle has conducted valuations for the following listed funds:
Equites Property Fund
Ingenuity Property Fund
Oasis Crescent Property Fund
Spear Property Fund
Investec Property Fund
Stor-Age Real Estate
He has also conducted numerous valuations for:
Investec Asset Management
Nedbank Private Wealth
Barclays Bank International
Other Specific Work Experience:
Kyle has been involved in a wide range of associated consulting services including:
MDA discounted cashflow programme
Property development matters
Advice on the negotiation and completion of property transfers.
Due Diligences for acquisition purposes.
Cape Town – Tokai
This branch attends to the requirements of a number of JSE listed funds and undertakes valuations in terms of Section 13 of the JSE requirements.
All valuations are personally undertaken by Steven Wolffs, who has many years of experience as a Valuer and has valued a variety of properties.
Tel: +27 (0)21 712 4933 | Cell: +27 (0)82 459 3100
Director, Professional Associated Valuer
Steven Wolffs has over 39 years’ experience in the industry, having been involved in property valuations since 1985. His integrity and professionalism have gained him a good reputation in the valuation fraternity. His advice and experience with capitalisation rates is sought by numerous property asset managers.
He is a professional associated valuer with experience in various valuation fields including residential, commercial, industrial, retail, property development schemes, valuation of petrol filling stations, breweries and mills, and municipal valuation objections/appeals.
Steven has achieved the following:
- Member of the SA Institute for Valuers
- Registered as a Professional Associated Valuer (without restriction) with the South African Council for the Property Valuers Profession (SACPVP) registration number 2604
- Obtained National Diploma Property Valuation in 1987
- Completed the Property Development Programme, University of Cape Town (1995)
- Founding Director of SAPIX (then IPD South Africa and now part of MSCI)
- Guest Lecturer University of Cape Town – Property Studies