Arbitrage Real Estate was mandated to provide valuation for the office and industrial premises of a major confectionery manufacturer and distributor, located in the areas of Palaio Faliro and Mandra respectively, with a total size of building assets of c. 4,700m².
Arbitrage valuation surveyors performed detailed property inspections, during which building quality, structural adequacy, M&E installation quality and maintenance level were ascertained and accordingly scored. Valuation was based on the Indemnity Value of the assets, as instructed by the Client’s underwriter. The Depreciated Replacement Cost method was adopted, with the exception of the land components, since they were not insured against any loss or damage on the Client’s established uses. Arbitrage valuation team provided justified evidence on construction costs for assets of similar size and use. Our team included an estimation of building material inflation as well as a quantification of additional building structures and ancillary improvements.
