Valuations - GRUPPO YARD
Transcript
Valuations - GRUPPO YARD
Yard Group Yard Group About us Yard Group is a full service provider in the real estate market with 15 years of experience. The Group is a reliable and competent partner for valuations, technical assistance to acquisitions and disposals of large property portfolios. Yard Group is composed of six companies able to meet clients’ requirements, applying coordination and synergy. bespoke solutions for: Banks, insurance companies, investment funds, investment management companies Real estate operators Public Agencies Religious institutions Property companies with largesized portfolio NPL investors, servicing companies, Yard Group About us Up to now Yard Group has carried out services of Due diligence, Valuation and real estate portfolio optimisation for over 30 million sqm. It also acted as advisor in relevant property dismissals for public and private clients. Yard highlights: Complete national coverage with highly skilled professionals and knowledge of local markets Highly skilled internal resources Internal IT dept. able to create and constantly update in-house web-based portals Each company operates with its own web-based portal allowing interaction with external professionals and clients in real-time 52 full time employees & professionals 400 external professionals Yard Group About us – Organization Chart CDA YARD Holding Presidente Amministratore Delegato CFO Ilvo Bruschi Gianfranco Navone Marina Roveraro YARD Value YARD CAM YARD BASE YARD RE Amministratore Delegato Amministratore Delegato Amministratore Delegato Amministratore Delegato Amministratore Delegato Antonio Dallera, Tiziano Marelli Gianfranco Navone Stefano Scopigli Alberto Ravera Alessandra Varetto Direttori Tecnici Direttore Operativo Direttori Tecnici Direttori Tecnici Direttori Tecnici Ubaldo Palmidoro,Carlo Padovani Carla Viara Luca Bozzano YARD Valtech Fabrizio Giacon, Alberto Quaretti Alberto Ravera Yard Group accounts for about 52 employees based in Milano, Roma, Cuneo and it has long lasting relationship with about 400 highly skilled professionals Yard Group Valuations The main clients are banks and insurance companies, private and public instutional investors, investment banks, real estate funds, public and religious institutions. Valuation methodologies are fully compliant with national and international standards and the best practice in the field. A Research Division supplies the Valuation Dept with local market surveys. Knowledge of local markets and the independence of Group are the key factors that enable Yard to excel in Valuation services. Valuation approach Highest e Best Use Analysis Market Comparison Approach (MCA) Income approach /Direct capitalisation Valuation standards Royal Institution of Chartered Surveyors (RICS) International Valuation Standards Committee (IVSC) International Accounting Standards (IAS/IFRS) Discounted cash flow analysis Residual method Institution for the supervision of insurance (IVASS) ABI guidelines (Association of Italian banks) Existing Use Value Yard Group Valuations Valuations Feasibility studies Plant Valuations Market value Assessment of the property potentiality (technical and town planning features) PV systems RE fund valuations as Independent valuer Demand analysis Geothermal plants Valuation for insurance purposes (IVASS) Valuation for accounting purposes (IAS/IFRS) Supply analysis Biomass plants Highest & Best Use Analysis NPL valuations Yard Group Valuations Mortgage valuations are produced through a web based portal and implemented by a network of chartered professionals able to offer national coverage. A strict internal quality control completes the process. Internal senior professionals supervise the entire process. Valuation types Purpose of valuation Desktop valuation: based on the documentation supplied Drive-by valuation: No inspection, Comparable data provided Standard valuation: inspection and local market survey Portfolio valuation update Mark to market Delinquent mortgage D.D. process Granting of mortgage loan Refurbishment mortgage Advanced valuation: Town Planning analysis is included Large property transactions Development mortgage Yard Group Advisory services Yard supports the clients through their strategic choices relating to the optimization of their property portfolio vis à vis technical, financial and commercial viewpoints Specifically Yard Group supports clients with: Acquisition, dismissal & optimisation Market survey and technical feasibility study Strategy & Business planning Information memorandum to would-be developers, potential investors or financing institutions Support in identifying of potential financial institutions and investors Assistance to the deal closing, identification of potential users Yard Group Advisory services Property dismissals Project finance Portfolio analysis and segmentation Assistance in structuring and developing of real estate funds Analysis of portfolio timing, workout cost and sale values Assistance in selecting and assessing indirect real estate investments Dismissal procedures and strategies Set up of a dataroom Documentation analysis, assistance and assessment relating to ongoing bids Business planning Technical and economic support relating to the real estate operations Assistance with financial advisors, arrangers, rating companies etc.) Management of sale procedures up to closing Yard Group Distressed asset management Distressed Loans and RE asset management services are offered to banks, investors and institutional operators involved in the management and recovery of credit secured by real estate properties. Yard is able to offer support services related to judicial and non judicial foreclosures or repossession procedures with a specific expertise on corporate or top loans. Advisory services related to mortgage loan portfolios, sales and securitisation Due diligence/pricing Business Planning Bad debt preventive management, appraisal support and credit restructuring Promotion of judicial auctions (identification of third party bidders and assistance to auction process) Bidding at judicial auctions assisting the creditor in repossession procedures (ReoCo) Advisory and management of dismissal of RE collaterals related to restructuring operations Services Credit recovery Yard Group Agency Yard RE agency allows Yard group to directly perform the real estate agency business, completing the range of integrated services deploied to achieve our Client's objectives in a fully compliant environment. Real estate high profile brokerage services are offered to private and public owners, Investors, Funds, ecclesiastical institutions. and Yard RE benefits from the broad experience and successful track record Yard Group has developed over more of 20 years as a full real estate service provider with an unparalleled knowledge of the Italian market. Yard Group Banks and insurance companies Unicredit Banca J.P. Morgan Generali Gruppo BPER Intesa San Paolo Hypo Tirol Bank Monte dei Paschi di Siena Gruppo UBI Banca Banco Popolare Banca Italease Morgan Stanley Real Mutua Assicurazioni Barclays Bank Plc/Woolwich Banca Ifis Deutsche Bank Alcuni Clienti del Gruppo Public institutions Comune di Venezia Comune di Torino Comune di Savona Regione Abruzzo Provincia di Brescia Azienda Municipalizzata Igiene Urbana Bologna Azienda Municipalizzata Igiene ambientale Verona Azienda Municipalizzata Gas e Acqua Genova Gruppo Torinese Trasporti Spa Fondazione Querini Stampalia Consorzi agrari d’Italia Alcuni Clienti del Gruppo Service companies Ernst & Young Abf Leasing PriceWaterhouseCoopers Fineco Leasing Deloitte & Touche Ubi Leasing Italfondiario Prelios Credit Servicing McDonald First Atlantic Credit Servicing COIN KPMG Leasint Alcuni Clienti del Gruppo Service companies Eni Servizi SPA Telecom SPA Agip Petroli Aeroporti di Roma Gruppo Enel Ente Fiera Milano Ferrovie dello Stato SPA Fiat IBM Italia SPA Fina Tamoil Alcuni Clienti del Gruppo Contacts Milano - 20122 Roma - 00186 Corso Vittorio Emanuele II, 22 Tel. +39 02.778070.1 Fax. +39 02.76319216 [email protected] Via Del Banco di S. Spirito, 3 Tel. + 39 06.6864749 Fax + 39 06.68308499 [email protected] www.yard.it