Valuation of commercial real estate
Valuation of buildings, non-residential premises and land plots for commercial use
We value office and retail premises, business centres and shopping centres, warehouses and logistics complexes, industrial buildings, hotels and aparthotels, car dealerships, car service centres and petrol stations, as well as land plots for commercial use.
Finappraisal values commercial real estate for transactions, financing and reporting
Sales, purchases and investment
Supporting the transaction price and investment analysis of properties generating rental income
Collateral
Market and liquidation value of real estate pledged to a bank, in accordance with Federal Valuation Standard FSO No. 9 "Valuation for Collateral Purposes"
Cadastral value
Setting the cadastral value at market value to reduce corporate property tax, land tax and rent
Financial reporting
Fair value of property, plant and equipment and investment property under IAS 16 and IAS 40
Investment funds
Valuation of the real estate of unit and joint-stock investment funds for calculating net asset value
Rent
Market rents and the value of leasehold interests in buildings, premises and land plots
Value is determined in accordance with Federal Valuation Standard FSO No. 7 "Real Estate Valuation". The market approach relies on transaction and asking prices for comparable properties, with adjustments for location, area, condition and terms of sale. The income approach determines value using the income capitalisation method or by discounting rental cash flows. The cost approach determines value as the sum of the land value and the replacement cost of the buildings, taking into account entrepreneurial profit, physical deterioration and obsolescence; it is applied to special-purpose properties and when market activity is low.
The real estate valuation report sets out a reasoned conclusion of market value, an analysis of the market and of the highest and best use of the property, and supporting analysis for decision-making.