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Case Study

Valuation of Raven Russia property portfolio

Since 2007, Jones Lang LaSalle have been retained by Raven Russia to provide valuations of their property portfolio on a bi annual basis. Raven Russia is one of the most active Western European investors and developers in the emerging Russian logistics market with a number of sole and jointly owned projects across Moscow, regional Russia and Ukraine.  In addition to the portfolio valuations, we also provide valuations and advice on single assets when required.

Their investment portfolio at the end of 2008 consisted of six logistics properties and one office building. The total market value was in excess of $397 million. The portfolio is complemented by a number of development sites and land sites.

The assets are spread across a wide geographical area, all with their own local market characteristics. The market in Russia remains opaque. Information in terms of rental and investment transactions lacks the transparency of more established Western markets. These factors together with the additional statutory and administrative issues related to development projects make the valuation process more challenging.

In order to operate effectively in an emerging market, such as Russia, it is crucial to have good information and make the best use of those resources. At Jones Lang LaSalle we are fortunate to have the market leading specialists in all the key specialisms such as Agency, Capital Markets and Research. These departments are involved on a daily basis with the most important properties, investors and developers across all sectors and are able to provide us with the most up to date market data and sentiment. During this current financial crisis and the testing conditions we are experiencing, Jones Lang LaSalle’s market leading position has proven a key factor in servicing our clients. 

The support from the wider Jones Lang LaSalle environment, together with the unparalleled level of experience and expertise within the Moscow valuation team, enable us to deliver the best quality product for our clients. This ability to deliver is the cornerstone of our continued relationship with companies such as Raven Russia.

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