Development land and public assets
Research and valuation of high-rise residential development sites, greenfield and infill lands, and provincially owned property under retention, demolition and leaseback scenarios.
Partner
Farhan Qurashi
AACI, P.App., PLE
Real Estate Appraiser
Professional background
Farhan is an accredited real estate appraiser with more than a decade of valuation experience. His practice includes expropriation, litigation, cash-in-lieu of parkland and property dispositions for private and public-sector clients.
He values development land, office and industrial properties, shopping centres, retail plazas, institutional and special-purpose assets, agricultural land, multi-residential buildings and residential property. His specialist work includes fractional and partial interests, ground leases, easements, subsurface rights and air rights.
Farhan has appeared as an expert witness before the Ontario Superior Court of Justice and provided independent appraisal evidence in mediation proceedings before the Ontario Land Tribunal. His background in finance, analytics and operations informs his approach to discounted cash flow modelling, financial analysis and capitalization methods.
Areas of practice
- Expropriation, injurious affection and disturbance damages
- Development land, highest and best use and cash flow analysis
- Air rights, subsurface rights and easement valuations
- Ground leases and fractional or partial property interests
- Litigation support, retrospective valuations and rent reviews
- Commercial, institutional, agricultural and residential appraisal
Selected experience
Air rights and subsurface interests
Valuation of developable air rights within active rail corridors and compensation analysis for subsurface strata affected by utility, access and other property interests.
Ground leases and divided interests
Valuation of fee simple, leased fee and leasehold interests in self-storage development land, and an expert valuation report addressing an undivided interest in a shopping centre.
Rental and financial analysis
Retrospective market rent analysis for an industrial lease overhold, together with pro forma analysis of retail and shopping centre assets.