LANDMARK PROPERTY

stories grey

LANDMARK PROPERTY

PORTFOLIO VALUATION
To be able to provide a comprehensive analysis of each of the properties, Forton undertook an in-depth inspection, in order to assess its current status and to consider the factors which impact the performance of the properties, such as location, accessibility, visibility, etc.
stories red

01

THE OPPORTUNITY

Forton delivered an in-depth strategic valuation of the Landmark Property portfolio. The task included valuing 6 income-generating properties with TBA of 80 000 sqm, among which Landmark Center, Bulgaria Center, Porsche Center, DHL building.  In addition, the portfolio also included 15 land plots located in Sofia and Razlog with a total area of 292 000 sqm. As the buildings included in the portfolio are leased, we had to undertake the DCF approach which analyzes the generated rental income. A model which took into account the development options for the land plots was prepared for the purposes of a reliable estimation of their current market value.

The Challenge

In a time of economic distress and financial difficulties, Landmark sought to engage a reputable real estate consultant to perform annual valuations of their encompassing portfolio.
Landmark assigned Forton the task of performing in-depth comprehensive valuations of their portfolio in a difficult environment of decreasing rental levels, declining demand and lack of investment transactions. The goal was to determine a market value of the properties taking considering not only the current market conditions but also the potential for development in the realm of a fast-changing market.

02

THE SOLUTION

To be able to provide a comprehensive analysis of each of the properties, Forton undertook an in-depth inspection, in order to assess its current status and to consider the factors which impact the performance of the properties, such as location, accessibility, visibility, etc.  Benefitting from extensive market knowledge, we also prepared a market analysis detailing the supply, demand, major competitors and pipeline projects which impact the performance of the properties and the potential for development of the land.

dots

03

THE RESULTS

Complying with all RICS and IVSC standards, Forton delivered valuation of the property portfolio, consistent with the client needs for a comprehensive report. The extensive research on a variety of factors which determine the market value of an asset, such as its marketability, leasing options, market positioning and condition, of all properties ensured a quality product which also properly addressed the current and future market trends.

MEET OUR PEOPLE

PA e
Michaela Lashova, MRICS
CEO
PA e
Zhoro Angelov
HEAD OF INDUSTRIAL SPACE & LAND DEVELOPMENT
PA e
Jordan Krastev
HEAD OF OFFICE SPACE
PA e
Krasimir Petrov
HEAD OF ASSET & PROPERTY MANAGEMENT SERVICES
PA e
Plamen Bachev, MRICS
PARTNER, HEAD OF VALUATION & ADVISORY
PA e
Yavor Kostov
PARTNER, HEAD OF AGENCY
PA e
Ivo Kolarov
HEAD OF DEBT AND STRUCTURED FINANCE
PA e
Petko Lozanov
HEAD OF PROJECT MANAGEMENT

MORE STORIES LIKE THIS ONE

FEATURED SERVICES

Debt and Structured Finance
The Debt and Structured Finance team provides property, portfolio and entity-level financing products...
Project Management
Our project management team acts as the client’s representative within the contractual terms and conditions...
Management services
Management services aim to protect and increase the value of the clients’ assets, enhancing their market positioning...
Capital Markets
We offer assistance for all phases of real estate investment – from initial research through due diligence, acquisitions...
Hospitality, Consultancy & Valuations
Having a good understanding of the property value is crucial for making adequate business decisions and minimizing risk.
Occupier services
Cushman & Wakefield Forton offers a broad range of consulting and transactional services for occupiers, covering....
Residential agency
Our team provides a full range of residential agency services, including the establishment of marketing...
Landlord services
Cushman & Wakefield Forton offers a broad range of consulting and transactional services for landlords....
Digital services
Our digital services platform aims to provide office buildings and their respective workspaces with a state-of...

CAN’T FIND WHAT YOU’RE LOOKING FOR?

Get in touch with one of our professionals.