Commercial real estate valuation demands a high degree of technical and financial expertise and a thorough knowledge of the market, its agents, and its property-related challenges. Strong legal comprehension and an understanding of statutory requirements and business cycles are also required. We hold extensive experience in the valuation of developed properties, development properties, and “green field” properties, the latter referring to undeveloped property areas that may be transformed into residential or commercial spaces. We also frequently provide support in disputes related to expropriation, ground leasing, and the compulsory purchase of property sections.
Through our broad network of commercial real estate brokers and other market players, access to all relevant databases, and our continuous market analysis, we remain updated on the real estate market in the Oslo area and Norway in general.
Our reports always provide a complete analysis of the different relevant value parameters, such as the regular sale prices for residential and commercial development, owner expenses, construction/development costs, and project risks regarding both returns and time.
We are recognised by the European valuation organisation TEGoVA (The European Group of Valuers’ Associations) as a “Recognised European Valuer (REV)” and by RICS, The Royal Institute of Chartered Surveyors. Through these organisations, we are obligated to follow both the international and the European valuation standards (International/European Valuation Standard, IVS/EVS), placing strict demands on independence, clarity, and transparency in valuation and requirements for expertise and experience.
We are also Norway’s representative in the European Valuers’ Alliance (EVA), a network of the leading valuation businesses in Europe.
Through our numerous framework agreements with several central municipalities in Eastern Norway, we have built up a unique base of experience with issues involving public authorities, such as expropriation, property strip acquisition, or the determination of ground rent. We also have extensive experiences in public property valuation, such as schools, kindergartens, care homes, and similar facilities.
The valuation of unique property entails a need for a thorough comprehension of public processes, financial principles and the legal framework that encompasses these issues.
Our reports always provide a complete analysis of the different relevant value parameters, such as the regular sale prices for residential and commercial development, owner expenses, construction/development costs, and project risks regarding both returns and time.
We are recognised by the European valuation organisation TEGoVA (The European Group of Valuers’ Associations) as a “Recognised European Valuer (REV)” and by RICS, The Royal Institute of Chartered Surveyors. Through these organisations, we are obligated to follow both the international and the European valuation standards (International/European Valuation Standard, IVS/EVS), placing strict demands on independence, clarity, and transparency in valuation and requirements for expertise and experience.