VALUATION AND ESTATE MANAGEMENT

 

Who we are

The Valuation & Estates Management provides a comprehensive range of professional valuation and real estate services to Government. It comprises a professional team of Chartered Surveyors who are members of the Royal Institution of Chartered Surveyors (RICS)  – which is one of the most respected and high-profile global organizations representing qualified property professionals who are involved in land valuation, real estate, construction, planning, and environmental matters. The RICS is an independent, not-for-profit organization whose purpose is to maintain and uphold the professional standards of its members worldwide.

 

What we do?

The VEO undertakes the following functions:

Stamp Duty

The assessment and adjudication of the valuation of land and buildings for Stamp Duty purposes under the Stamp Duty Act and Land Holding Companies Share Transfer Tax Act.

Act UNDER Valuation

We undertake all valuation work on behalf of the Government for the acquisition or disposal of property under The Governor (Vesting of Lands) Law & The Lands Acquisition Act.

Compulsory Acquisition and Compensation

Acting as an agent of the National Roads Authority, we provide compensation estimates for road schemes. We work closely with the Survey Section to negotiate and settle claims with Landowners affected by new road schemes.

Acquisition of Property and Lease

We acquire both land and buildings for the Government by way of negotiated agreements and also procure all rented accommodation for Government Departments.

Disposal and Letting of Crown Land

All Crown property that is surplus to Government requirements is sold or let by the VEO to the private sector.

Management

We manage the Crown Estate of owned and leased properties, carrying out lease renewals and rent reviews for other Government Departments, Ministries & Portfolios, and deal with licenses, rights of way & easements.

General Property Advice

We are responsible for providing general professional property advice to Government Departments, Statutory Authorities, Ministries, and Portfolios but regrettably are unable to provide professional advice to any external companies, organizations, or individuals.

Government Property Valuation Panel

We appoint private-sector valuation firms to undertake valuations on behalf of the Government.

 

Government Property Valuation Panel

The VEO appoints private sector valuation firms to undertake valuations on behalf of the Government.
The firms listed below have demonstrated that they meet the minimum professional qualification and experience criteria and have been re-appointed to the Cayman Islands Government Valuation Panel for the 2025/2027 financial period:

  • BCQS International
  • Bould Consulting Ltd
  • Caribbean MGT Ltd
  • Charterland Ltd
  • DDL Studio
  • Integra Realty Resources (IRR) Caribbean Ltd
  • JEC Property Consultants Limited
  • Paul Key Valuers Ltd
  • PLUM Ltd
  • Quayside Surveyors

In order to be included on the Valuation Panel, each firm has undertaken that all valuations are to be completed by RICS Registered Valuers and that each report must be countersigned by appropriately qualified Chartered Valuation Surveyors.