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Valuation and Advisory services for
Banking and Finance industry

SERVICES

SERVICES BY INDUSTRY

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Gesvalt is a leader offering services to companies in the Banking and Finance industry

Gesvalt is a leading company for the banking and finance industry. This is proven by the more than 50 banks that trust us.

As a valuation company approved and supervised by the Bank of Spain and registered by the National Securities Market Commission (CNMV), we produce around half a million appraisal reports every year in compliant with Order ECO 805/2003, either for mortgage purposes or for the review of the real guarantees taken as collateral for bank loans or foreclosed assets.

We value all types of real estate assets: individual housing units, real estate developments -either complete or in progress-, comprobaciones de obra, industrial buildings, retail units, retail buildings, hotel establishments, land, rustic land; as well as rights: surface rights, usufructs, purchase rights and administrative concessions.

On the other hand, since 2014 the ECB’s objective has been to restore confidence in the European banking sector, and the Valuation of Portfolios has been of particular relevance. In Gesvalt, we have developed an own area that incorporates the knowledge of the market, the treatment of our database and the investment in technology to provide a response to this service.

Mortgage risk management, calculation of provisions or audit processes of Financial Entities (Bank of Spain’s Circular 4/2004 and subsequent amendments, especially 4/2016) are some of the main objectives in this industry.

Services offered to Banking and Finance industry

ECO VALUATIONS

  • Mortgage loan collateral
  • Compliance with Bank of Spain Circular (4/16, 4/91, 11/93, 2/96) and IAS
  • Determination of the net worth of real estate collective investment institutions
  • Determination of the net worth of real estate assets of Pension Funds
  • Advisory in sale & purchase transactions / Market Value
  • Valuations for litigation purposes
  • Valuations from previous years
  • Advice on the property transfer for internal control purposes of the Financial Institution
  • Calculation of Liquidation Value under an immediate sale scenario

 

RICS VALUATIONS

Financing: International financial institutions use RICS reports to estimate the value of the collateral. Likewise, some Spanish financial institutions admit RICS reports since these provide an additional view of the real estate assets as a complement to ECO appraisals

Determination of value in sales and acquisitions: sale and purchase, corporate and lease transactions. Having the information required throughout the sale and purchase process. Knowledge of the potential risks of the purchase and the factors that affect the final value of your property.

Valuation for accounting, legal and tax purposes: Support of the Fair Value reflected in the company’s accounts. Depreciation and amortization. Follow-up on the change in the value of assets.

Portfolio valuation and Due Diligence: Knowledge of the Market Value of the property, the current market situation and trend. Financial projections. Different scenarios depending on the strategy and financial impact.

FINANCIAL ADVISORY

Valuation of Intangibles:

  • Purchase Price Allocation in M&A processes
  • Valuation of brands, patents and image rights for various purposes:
    • Financial (M&A, collateral, contracts, information)
    • Legal (infringement of rights, tax planning)
    • Strategic (Marketing and Communication)
    • Accounting (impairment test)
  • Valuation of real rights: concessions, surface rights, licenses, purchase options, easements for:
    • Corporate Transactions
    • Financing processes
    • Legal conflicts
  • Valuation of Goodwill for corporate transactions, financing processes or legal conflicts.

 

Business Valuation: Valuation of companies, valuation of businesses and business plans for corporate transactions, financing processes, legal disputes, remuneration packages or feasibility studies.

Expert valuation: Independent expert opinion reports, party’s expert reports, arbitration opinions, expert opinions, expropriations, liquidations, inheritances, separations, redundancy schemes, corporate conflicts or tax purposes.

 

INDUSTRIAL ADVISORY

  • Physical inventory of Assets (Machinery, production lines, facilities) and tagging.
  • Floor-to-Book reconciliations and asset management.
  • Asset valuations for a wide variety of purposes:
    • Sale & purchase in corporate operations.
    • Business combination processes (PPA)
    • Analysis of useful lives / asset depreciation policies
    • Audits

 

REAL ESTATE ADVISORY

Portfolio analysis and Due Diligence: For portfolio analysis and segmentation from the commercial, strategic, financial and real estate point of view. It is used for massive valuations (desktop, drive by, statistical).

Project Feasibility Analysis, Product Definition and Business Analysis:

  • Conduct of market research on any asset class
  • Establishment of the strategy and formulas for the outflow of assets owned by funds and financial institutions
  • Definition of the most appropriate product on a commercial basis in each situation
  • Commercial and financial feasibility of investment projects and real estate developments
  • Preparation of financial projections

Property Management and Optimization:

  • Analysis and segmentation of assets owned by companies and institutions
  • Proposal for space optimization measures
  • Analysis and optimization of costs associated with the property

Tax impact on real estate assets and Cadastral Audit: Mitigation of the tax impact of real estate assets, which in some cases represents a considerable expense.

DUE DILIGENCE AND FEASIBILITY STUDIES

Due Diligence and Feasibility Studies are used to obtain the information prior to the signing of a contract. Therefore, it is the process by which a potential buyer evaluates one or more assets, in terms of:

  • Location and current configuration
  • Ownership and occupancy status
  • Administrative and town planning status
  • Technical and normative compliance with its intended use
  • Possibilities in the future

 

ARCHITECTURE AND BUILDING ENGINEERING

Architecture and Building Engineering include all the actions that allow the physical execution of projects relating to new construction, refurbishment or fitting-out works, through definition, valuation and action management of an asset, in terms of:

  • Scope and dimensions
  • Qualities and materials
  • Technical solutions
  • Execution conditions
  • Working conditions

 

PROJECT MONITORING & COST CONTROL

Project Monitoring and Cost Control represents a very efficient tool for controlling the investments made by financial institutions, investment funds and developers in real estate developments. This service allows technical-financial monitoring of:

  • Execution and construction cost according to scheduled project specifications
  • Developer’s legal and administrative requirements
  • Planning and advance of the real estate development
  • Financial and budgetary management of the real estate development
  • Fulfilment of objectives in terms of time and cost

 

TECHNICAL ACTIONS

These refer to the technical services that allow the resolution of incidents related to the construction process, aiming at the completion and closing of unfinished projects, allowing to:

  • Determine completion costs
  • Correct incomplete administrative records
  • Resolve administrative sanctions or litigation with individuals and companies

 

PROJECT MANAGEMENT AND DELEGATED DEVELOPMENT MANAGEMENT

These are comprehensive technical services carried out on behalf of the client with regard to planning, organization and control of the resources with the purpose of achieving one or several objectives:

  • Developing a real estate project as a technical team (partner service).
  • Assuming almost all the developer’s duties, except for the financial one.

 

BUILDING EVALUATION REPORTS

The former Technical Building Report (ITE), currently named Building Evaluation Report (IEE), includes all services that certify the condition of buildings, at least with regards to their state of preservation, compliance with applicable universal accessibility requirements and also the energy efficiency level. These reports arise from a national Royal Decree, although they are developed at regional and even local level.

In general, it is mandatory for certain properties within time or sectoral parameters defined in each regulation.

 

ENERGY AUDITS AND CERTIFICATIONS

Energy Audits involve the inspection, study and analysis of energy flows in a building, process or system, while Energy Certifications provide information on energy consumption and emissions, allowing to measure energy savings in terms of consumption:

  • They both arise from two national Royal Decrees, by transposition of European Directives
  • Energy Certifications are generally mandatory for all buildings (there are exceptions)
  • Energy Audits are mandatory for large companies, as defined by the EU.