Colliers | Valuation and Advisory Services

Accurate and transparent valuation of your property

Analytical skills, an innovative approach to financial analysis and extensive valuation experience guarantee transparent property valuations. Arriving at an opinion of a property’s value is a complex and disciplined process that can significantly impact your business. A well-supported appraisal is often a necessary step in securing a loan, choosing the best asset for your portfolio and closing a sale.

Property valuation takes account of factors that are key to the value of the property and relies on our understanding of its potential. We offer valuation services for all types of real estate, whether this is land, commercial, office, hotel, warehouse or industrial. We will identify the most valuable areas of your property, advising on how to boost its value and make it attractive for the client. When substantiating our calculations, we present the final results in a clear and legible form.

1- What do Colliers’ Valuation and Advisory Services include?

Our advisory services are targeted primarily towards corporate clients and are designed to increase efficiency, reduce costs and allow our clients to focus on their core business activities.
The Colliers office in Turkey provides services tailored to the needs of all types of real estate Investors.

• Valuation (Single Asset or Portfolio Valuations)
• Financial Feasibility
• Investment Analysis
• Highest and Best Use Analysis
• Concept Generation
• Market Study
• Apportionment Analysis
• Lease and Cost Analysis
• Rent Assessments

2- Which segments do our Valuation and Advisory Services cover?

• Hotel
• Industrial
• Office
• Retail
• Residential Projects
• Land
• Other (Data Centre, Educational Building, Golf Course, Gas Station, Health Care, Marina and Student Housing)

3- What is the purpose of valuation we make?

• Secured Lending
• Financial Reporting
• Sale / Acquisition
• Stock Listing (IPO, Takeover Bids, Rights Issues)
• Mergers & Acquisitions
• Leasing
• Taxation
• Litigation and Insolvency Proceedings
• Insurance

4- How do I know that my valuation is credible?

Our consultants are held to the highest professional and ethical standards determined by the International Ethical Standards Coalition (IESC) and standards for the conduct and competency of professional valuers promoted by the International Valuation Standards Council (IVSC). During the valuation process, our team will thoroughly evaluate all the pertinent information and materials available to produce a well-supported opinion of value.

5- What are our Valuation and Advisory Services priorities?

• Acting within ethical standards.
• We take care that we understand clients’ needs and requirements fully.
• We guide clients to choose the most appropriate advice for the given circumstances.
• Prepare valuation reports consistent with the International Valuation Standards (IVS).

6- What differentiates Colliers’ Valuation and Advisory Services from others?

All of our reports are prepared and evaluated by an experienced responsive and accountable professional team to ensure our clients receive high quality, clear, concise, and timely reports. Because we recognize that superior technology is not enough, our managers and professionals stand committed to our clients’ success. We take pride in providing service excellence every day and work hard to communicate early and often with our clients.

Case Studies

A market study and a valuation study has been carried out for Al-Rajhi Investments with respect to a semi-constructed hotel with a total construction area of 16,000m² in Bağcılar, Istanbul. The study includes market research into the hotel sectors in Istanbul. The financially most productive function for the Property has been determined by means of feasibility studies conducted according to various types of hotel usage (4 star, 5 star, dry hotel etc.). The project’s Sensitivity Analysis was carried out based on the Highest and Best Use of the Property.

The mixed real estate portfolio, totalling approximately 2,000,000m² land area, is well diversified in terms of location, use and tenant mix. The portfolio contains a number of trophy assets and comprises office buildings, industrial facilities, residential units, an aquatic sports center and lands spread over Turkey. Over 16% of the portfolio is located in Istanbul and remaining assets within Sakarya, Bursa, Çanakkale, Antalya, Edirne, Muğla.

A Financial Feasibility and valuation study of three hotels on a 125,000m² construction area in the district of Belek in the province of Antalya has been conducted on behalf of TEB. The project comprises three 5 star Hotels with a total room capacity of 1,283. The scope of the study includes market research into the hotel sector in Belek. We analyzed the realized expenses and revenues of the hotel and made a projection for the future income of the hotels. Consequent to these analyses and market research studies, the income method was used to calculate the value of the hotels.

Our Experts

Ahmet Ozgur MRICS

Director | Head of Valuation and Advisory Services

Istanbul

+90 212 288 62 62

Ahmet is a Head of Valuation&Advisory Services Department of Colliers International Turkey.

He joined Colliers International Turkey in 2005 and is responsible for managing the project team concentrated on preparing comprehensive valuation, financial feasibility and highest and best use analysis reports. He also manages the daily operations, client relationships and supervises the team.

Throughout his career, he has been involved in numerous valuation and consulting activities including portfolio and single asset valuations, highest and best use analysis, feasibility studies, market analysis and discounted cash flow analysis. His areas of specialty include Office, Retail, Hospitality, Industrial and Residential projects.

He is a certified Capital Markets Boards of Turkey appraiser and a member of the Royal Institution of Chartered Surveyors (RICS).

View expert

Celil Yuce

Junior Consultant