Commercial real estate valuations are usually required for decision-making regarding loans, tax (e.g. capital gains or losses), acquisitions, disposals and insurance reinstatement costs. . A valuation might be done a one-off basis or a regulated entity may need quarterly valuations to track market value and compute Net Asset Value. A landlord could request a desktop valuation, often for property funds. Valuations should preferably be done by a qualified valuer such as a Member of the Royal Institute of Chartered Surveyors (MRICS). Some of RealCorp’s staff have earned this designation. This collection of articles gathers info on commercial property valuation standards, processes and uses.

RICS Surveyors to use IPMS for Offices in 2016

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Did you know? RICS Chartered Surveyors can now apply International Property Measurement Standards (IPMS) in Luxembourg. The BACS (Belgium Luxembourg Association of Chartered Surveyors) code of measuring standards, currently widely used in Luxembourg, will be replaced by IPMS in January … Continue reading

The RICS Chartered Surveyors are Coming!

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Congratulations are due to Laurent Pedrini, our Manager – Corporate Real Estate Services, who has joined the swelling ranks of Royal Institution of Chartered Surveyors (RICS) Chartered Surveyors at RealCorp. When did you receive the qualification? I passed the RICS … Continue reading

Global measurement standard for Luxembourg?

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A recent article in The Real Deal about the proposed new global measurement standards for property* announced that New York City is not keen on the idea. Writer Hiten Samtani summarises the purpose of the initiative thus: The hope is … Continue reading

DGNB: The Highest Green Standard in Luxembourg

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German tech is famous for its high quality standards. Germany first granted certificates for sustainable buildings in January 2009. Standards for these certificates were first developed by the DGNB (Deutsche Gesellschaft für Nachhaltiges Bauen e.V. or German Sustainable Building Council) … Continue reading

Green Certification: Do You Need It?

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Green building (also “green construction” or “sustainable building”) expands and complements classical building design concerns of economy, utility, durability, and comfort. It aims for environmentally responsible and resource-efficient structures and processes throughout a building’s life-cycle: from siting to design, construction, … Continue reading

Tenants and Investors Demand Green Certification

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Tehdi-Edouard Babigeon, RealCorp’s Head of Letting and Sales, recently answered some questions on the increasing demand for green certification witnessed by his Agency team. How often is the presence of a green certificate a factor in the perception of value … Continue reading

The Valuation Process in Luxembourg

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When you need, or think you may need, a valuation of commercial property for any purpose (see Do you need a valuation?), the first step is to find a suitably qualified Valuer. Find a Valuer The UK-based Royal Institution of … Continue reading

Do You Need a Valuation?

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Since the end of World War II, the property and construction industries have matured significantly and have been considered a safe investment. This boom in interest led to a growth in demand for properties to be valued to establish market … Continue reading

West Side Village: Asset management by RealCorp

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RealCorp is proud to announce the asset management of the buildings D (Daphné), E (Eglantier) and F (Frêne) in West Side Village. The estate is conveniently located on the A6 Motorway junction 2 (Mamer Capellen), 20km from the Belgian border. The modern design offers a comfortable … Continue reading

Surface brute ou nette : comment s’y retrouver ?

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Certains locataires, en débutant leurs travaux d’aménagement après la signature du bail, sont étonnés de constater (à la commande de la moquette notamment) que la surface utilisable est inférieure à celle mentionnée dans le contrat de bail de 10 à 15%, … Continue reading