Valuation of the Polish office portfolio for Adgar Investments & Development Ltd.
Adgar Investments & Development Ltd. is a well known and reputable international real estate company, operating, among others, in
Canada, Belgium, Israel and Poland. It is a public company, listed on the Tel Aviv stock exchange, the real-estate division of the Zur Shamir group, a leading Israeli holding company active in the fields of finance, insurance and real estate.
In 2009 the Client instructed Cushman & Wakefield to value the office portfolio located in Warsaw including a modern 28,000 sq.m office complex Adgar Plaza A&B and two smaller office buildings, for the purpose of financial reporting. We offered the Client long term valuation services. Our approach included preparation of the market analysis and valuation of the assets according to RISC valuation standards.
Since 2009 we have provided Adgar Investments & Development Ltd with quarterly valuation reports supported with the market knowledge from our in house office team to provide an accurate picture of competition as well as the prices level on the Warsaw office market.