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Central European Industrial Fund - Valuation for acquisition of a CEE portfolio and ongoing valuations for accounting purposes


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The Challenge

Quarterly valuation of a Cross Border Portfolio to provide initial acquisition valuations and updated valuations on a quarterly basis for IFRS / International Accounting Standards. CEIF, a Luxembourg-based fonds commun deplacement established by AVIVA and VALAD, invests in multi-let industrial property with a primary focus on Poland, Romania, Czech Republic and Hungary. Following dissatisfaction with their previous valuation services provider, they wanted to engage a property consultancy that understood their unique class of property.


The Solution

Working through an accessible central contact based in the region, Cushman & Wakefield’s cross border capability enables us to effectively deal with this mandate.

Whilst coordinated centrally, our experienced local teams are able to liaise with CEIF’s local property managers in the region to maximise understanding of the properties and ensure accurate information flow.

Our knowledge of this class of property is enhanced by liaison with our market-leading Industrial and Capital Markets teams.


The Results

We have consistently assisted CEIF in many of their acquisitions and have continued to report the performance of the portfolio to them on a quarterly basis.

Our industrial agency teams directly involved in market enable us to understand this market – critical given the nature of many of the properties involved and our willingness to work closely with the client ensures we meet their expectations.

Contact

Mike Edwards

CMG Hungary, Head of Valuation CEE

International Partner

Budapest, Hungary

Phone +36 1 484 1385

Contact me

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