The right STRATEGY for the right PROPERTY!
Real estate, both housing and investment, requires extremely important financial and other resources, which, in the case of careless or passive management, can irrevocably be destroyed.
Conscious management not only realises savings, but can produce considerable added values.
Valuation and financial analysis
Purchase, sale, renting and letting are crucially important, overriding decisions in the key moments of a company or institution. A dynamic proactive policy continually keeps an eye on these market parameters making it possible to tap into market trends. dC&P acts for owners, residents, lessees and creditors in the public and private sectors.
The office has extensive experience in valuation reporting in all types of real estate in Belgium and Luxembourg, and has close collaborative ties with experts in France and the Netherlands for Advice and analysis on purchasing, Valuation on sale & rent back, Mergers and acquisitions, Investment and market analysis, Rent reviews, Due diligence, Analysis on keeping versus selling, Analysis on renting versus letting, Analysis on moving versus staying, Strategic disinvestment analysis, Tax objectives, Compliance values, Privatisation, Studies on better and best use, Analysis on building comparisons & DCF simulations.
What do we value?
- An entire property including the split between building and land
- Land value
- Estimated rental value
- Potential development
- Ground rent
- Market value
- Depreciated replacement value
- New build value for insurance purposes
- Leasehold payments
dC&P provides its customers complete management or support on demand with regard to thorough detailed due diligence and the set up of the corresponding report. Depending on the requirements in correspondence to the underlying assets, and wherever necessary, dC&P works in conjunction with appropriate technical engineers as well as legal and financial advisors. These services incorporate the following issues, among others, but can be adapted according to context and customer requirements to achieve the best possible outcome for a focused input:
- Check of the technical capacity of installations in relation to the potential use;
- Analysis of specifications and advice on technical installations, sustainability, and finishings in accordance with current market standards;
- Analysis of compliance reports and fire service reports, gas and electricity installation certificates, high-voltage central reports, elevator risk analyses, boiler maintenance reports and cooling and ventilation systems;
- The state of repair of the building(s) with an estimation of operating costs (OpEx) and long-term maintenance costs (CapEx);
- Verification of property deeds and land registration certificates for the incontestable identification of parcels (plots) and existing easements;
- Analysis of other documents such as basic deeds and joint ownership regulation;
- Commitments and agreements (preferential right and pre-emptive right) related to the property or properties concerned signed with third parties;
- Analysis related to any pipelines (underground) or easements;
- Classification and protection issues, such as historic monument or protected landscape status;
- Analysis of the environmental permit and concordance between the technical installations and the effective authorisations;
- Advice concerning the soil certificate/soil study (possibly still to be carried out) as well as an estimation of budgets and decontamination timeframe;
- Certificate of energy performance and focus points with view of the overall energy efficiency of the building;
- Analysis of the asbestos report and, where applicable, estimation of budgets and removal timeframe;
Permits (urban planning):
- Opinion concerning the expected timeframe for obtaining any change of use permits and the probability of obtaining these permits in the general context (urban planning requirements);
- Analysis of the conformity of plans with the actual location of the building. In the event of urban planning infringement, a regularisation scenario is established according to the possibilities for regularisation, and a budget is estimated for this procedure;
- Socio-economic issues;
- Analysis of sector plans, special land use plans, [local] development plans, structural plans, and other applicable regulations, as well as their influence on the property and/or on the potential for construction;
- Net/gross ratio (areas actually usable);
- Grey areas;
- Ratio floor area/# parking;
- Floor load;
- Positioning of the property on the market;
- Key figures;
- Rental offer and sale proposals of similar properties;
- References of leases and investments in similar properties;
- Counting of road traffic or pedestrian flow (for shops).
This leads to:
- A clear vision of sensitive points and on budgets to be taken into consideration for the lifetime of the building(s).
- In-depth preparation of the file to be able to, where appropriate, address specialized legal advisors in respect of their field of expertise.
- A tangible conclusion on the conformity of the current situation and highlighting of the potential for (re)affectation.
- A factual verification and presentation of KPI’s or Key Performance Indicator.
- An eventuel valuation assignment that could ensue with, depending on the scenario retained and the type of property, the realisation of one or several lifecycles DCF.
Companies and institutions can make their real estate profitable and efficient.
dC&P’s experience serve to:
- Align real estate with corporate objectives
- Position real estate to accommodate changes in business needs
- Create best-in-class real estate departments
- Provide improved facilities using less capital
- Assist in location selection
- Move- versus -stay analysis
- Reposition vacant or underutilised properties (surplus asset management).
Sale & rent back.
We advise parties on structure and implement sale & rent backs, allowing them to make capital available for the main business activity while the buildings remain available in the long or medium-long term with full control of the real estate operations.
- Definition of selection criteria; assignment of priority order to the selection criteria;
- Identification of potential areas and sites; verification of construction potentials; market values for identified sites; approach, strategy, action plan.
- Compilation of research and conclusions in a structured report.
- Presentation of the final report.
- Prospecting management and effective negotiation.
dC&P provides companies with decision tools to manage their real estate heritage and Guide investors and end users in their negotiations.
Both practical and strategic advice is provided. The objective throughout is to continue to support clients in their real estate decisions.
Groundbreaking working methods are applied here.
- dC&P’s work is set in a European context and can provide cross-border guidance to both foreign and local clients with strong local knowledge.
- dC&P acts as an advisor (in a task force or individually) in taking adequate decisions regarding valuation, investment and (re) location issues.
- dC&P offers specific know-how as regards auditing and due diligence procedures of portfolio, with the result that from a technical and administrative point of view, all information that is required to be able to take adequate decisions is available. In this context dC&P has developed work regarding coordination of technical analyses, remediation problems and legal aspects.
The intention is not to link the client with long term or other diversified services, but to work towards a specific and targeted solution for the problem.
Appreciation of the potential of the residential market : 3 services.
- The supply of the main key figures of a Belgian municipality to allow positioning during an analysis of opportunity;
- The provision of a detailed market study for a defined area to determine feasibility based on verifiable tangible data.;
- The provision of conclusions as to typologies, phasing, prices, … to be taken into account for the project concerned on the basis of precise monitoring of the competitive market.
With their first-hand knowledge dC&P provides valuable insight into the requirements for which investors are looking.
In the light of the fact that the real estate market evolves continuously, new strategies and investment opportunities constantly present themselves, often demanding in-depth expertise.
Objectively analysing investment opportunities enables one to reflect the risks and returns associated with diverse portfolios.
dC&P provides investors with the following:
- Advice on acquisition and divestment strategies,
- Help in achieving value enhancement and risk reduction for single assets as well as large portfolios,
- Advice on portfolio structuring and positioning,
- Help in calculating the value through intra-related methods such as capitalisation of rent income (hard-core term & reversion) and discounted cash flow analysis,
- Help in finalising investment strategies and arbitration.