In the winter, Veridian Analyse AS was invited to represent Norway in the European Valuers’ Alliance, a network of the leading valuation businesses in Europe. The invitation came about due to cooperation with one of the larger businesses in the alliance, which has worked with a major portfolio in Norway.
‘We are proud to have been invited into this network of the leading valuation companies in Europe’, says Johan Berg-Svendsen, CEO of Veridian Analyse. This gives us the opportunity to offer our customers the best resources around Europe and complete tasks in Norway for foreign parties. There is already significant interest in Norway among European investors, who often desire an independent valuation/consultation for pricing level, as well as key figures related to ownership and administration costs, and so forth. This alliance also grants us a unique insight into the European market through the establishment of a systematic approach to the exchange of market information and analyses.
Today, EVA consists of 12 valuation companies across Europe, with 40 offices in 15 countries. The alliance includes approximately 750 analysts/valuation specialists. In addition to Veridian Analyse, the following countries/companies are currently part of EVA:
Sweden: Forum Fastighetsekonomi AB
France: Crédit Foncier Immobilier Expertise
Germany: Kenstone Real Estate Valuers
The United Kingdom: Cluttons
Belgium, Luxembourg: Stadim
Switzerland: Wüest Partner AS
Spain, Portugal and Italy: MJ Group
The Netherlands: Property Value Consultants
To be part of the alliance, a company must satisfy a number of requirements that pertain specifically to expertise and work processes. In practice, this means that members must be regulated by organisations such as The Royal Institution of Chartered Surveyors, HypZert (Germany), or their equivalent. There is also a requirement for members to maintain strict inspection routines to ensure that the standard of work is upheld.
“We have already seen good progress from customers through this alliance, which shows this type of cooperation’s use-value, says Berg-Svendsen. “We have also received inquiries regarding specific investment opportunities from clients who seek to acquire property in Norway. We can refer these to different commercial brokers who then handle the case further, as we are highly concerned with maintaining our impartiality. We can assist them with consultation and valuation, but not as the representatives of a party.
Our participation in the alliance is one of many ventures we are working on, and we are in constant development. It is for this reason that we have initiated a relatively comprehensive recruitment process, in which we seek to hire consultants within all our areas of expertise: Corporate finance, valuation, as well as financial and technical construction, consulting”, Berg-Svendsen concludes.
Veridian Analyse are specialists in consulting for commercial and development real estate. Our employees have backgrounds in finance and technical construction, allowing us to assist with complete property analyses, whether this involves assessing the property in its current state as-is, assessing the property’s development potential, or assessing the property based on special premises.