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

Click to Enlarge

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.


Mike Edwards

Head of Valuation CEE/CMG Hungary

Budapest, Hungary

Phone +36 1 484-1385

Contact me

Related Case Studies


Award Winning Office Space for GE in Budapest


Cushman and Wakefield’s targeted approach resulted in achieving considerable cost saving for Vodafone 24 months prior to their original lease expiry. On top of this Cushman & Wakefield secured considerable fit-out contribution that will allow Vodafone to upgrade their premise. In return Vodafone extended their lease 10,000 sq m in Millennium Tower I on a long term contract.


C&W have exclusively represented GE in Hungary since 2011. In 2013 GE Corporate advised C&W that they wanted to start a new SSC from Budapest - with an emphasis on future growth from that location, owing to their proposed future expansion. GE Healthcare also decided to instruct C&W to explore re-locations away from their peripheral office at Torokbalint. The results to date are fantastic for GE. GE Corporate currently occupies nearly 11,000 sqm at Vaci Greens Building A and GE Healthcare acquired circa 6,500 sqm at Vaci Greens Building C.