PROTECT INVESTMENT VALUE BUILDING CONSULTANCY ITALY

Transcription

1 PROTECT INVESTMENT VALUE BUILDING CONSULTANCY ITALY 2017

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4 CBRE GROUP CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world s largest commercial real estate services and investment firm (in terms of 2016 revenue). The Company has more than 75,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting STAFF 150+ OFFICES* 5 OFFICES 600+ STAFF STAFF 450+ OFFICES* SERVICES: 65 COUNTRIES* 111 COUNTRIES* (*ESCLUSI AFFILIATI) Advisory and Transaction Services High Street Advisory and Transaction Services Industrial & Logistics Advisory and Transaction Services Office Advisory and Transaction Services Retail Asset Services Building Consultancy Capital Markets Global Workplace Solutions Hotels Valuation & Advisory Services 4

5 BUILDING CONSULTANCY A WIDE RANGE OF BUILDING CONSULTANCY SERVICES MAINTENANCE Preventative maintenance plan Energy assessment Analysis of building energy performances GRESB report LEED In-Use BREEAM In-Use Web data room DEVELOPMENT Town planning feasibility study Due Diligence for development Development monitoring Project monitoring Loan monitoring Reinstatement Cost Assessment Technical consultancy for obtaining new retail licenses PURCHASE SALE Technical Due Diligence Environmental Due Diligence Analysis of building energy performances Rectification Permit Web Data Room Measurement check 5

6 TEAM A DEDICATED PROFESSIONAL TEAM FOR EACH BUILDING CONSULTANCY PROJECT BUILDING Francesca Minola Senior Building Surveyor Andrea Pettinari Senior Building Surveyor Esther Morelli Associate Director Building Surveyor Stefania Petrarulo Building Surveyor Serena Ridolfi Junior Building Surveyor Raffaella Cocchi Senior Building Surveyor Federica Saccani Executive Director Head of Building Consultancy Italy Stefania Colombo Assistant M&E Carlo Alberto Monti Director Mechanical & Electrical Engineer Giulia Cerioli Surveyor Mechanical & Electrical Engineer Piergrabriele Andreoli Director Energy 6

7 KEY NUMBERS BCD ITALY 2016 RESULTS BILLION ASSETS WITH 10 PEOPLE TEAM DUE DILIGENCE REPORTS 85 REINSTATEMENT COST ASSESSEMENT 110 FIT FOR SALE BUILDING PERMITS 120 ENERGY PERFORMANCE CERTIFICATE 6mln SQM SURVEYED Photo: Qatar Holding Porta Nuova Milan TDD 225,000 sqm 7

8 DUE DILIGENCE AIMS AND METHODS Acquiring commercial premises for investment involves the adoption of potentially significant liability and risk. Building or mechanical services failure, statutory or the emergence of previously undisclosed defects in structure or fabric can materially impact on investment values or give rise to unexpected financial liabilities for repair or remedial work. Furthermore, in Italy non compliance to the extent of building titles can have an impact on transfer of the property. Investors will need to understand how the specification standard, compliance and condition of a building may have a detrimental impact on value. CBRE Building Consultancy is a specialist group which pro- vides detailed advice to investors, allowing them to enter into contracts for premises with clarity about the liabilities that flow from ownership of a property. As part of CBRE, the largest real estate advisors in the world, we specialize in scale and complexity, but that doesn t mean we are not equipped to deal with building surveys of all sizes, and all types of use and forms of construction In Italy, it is essential to confirm that any building being inspected complies with a number of statutory regulations. These have a significant effect upon value as nonconformity can affect both value and marketability. 8

9 DUE DILIGENCE BUILDING CONSULTANCY TO INFORM THE NEGOTIATION OF SPA A building survey is an essential ingredient to any property acquisition. It provides clarity about complex technical issues, highlights potential risk areas, identifies and quantifies liabilities, and offers an enhanced position from which to negotiate We have specialized in this area which lies on the boundary between the legal and technical fields of knowledge. Once the scrutiny of documents is complete, we would liaise with the client s legal advisers to confirm our findings, and then the survey team in order to compare the built structure with the approved documentation For investors, the preservation and continuity of the income stream, and the potential for rental growth are both paramount. Equally, the overall quality of the building will contribute to perceptions of value in the investment market. Whilst it may be tempting to assume that the obligations in a lease which are commonly described as full repairing, may take care of any issues of disrepair or defect, this is by no means completely the case. Fundamental defects may be so far-reaching that they lie beyond the scope of the tenants repairing obligation, leaving the landlord exposed. 9

10 BUILDING CONSULTANCY GOING GREEN Energy assessment Analysis of building energy performances GRESB: report Preventative maintenance plan LEED in use BREEAM in use 29% 8% Sustainability is an essential factor to any building acquisition * +30% *Source: Italian Investor Survey 2017 CBRE Research Italy 10

11 WHY CBRE? Building consultancy s track record covers 20% of the Italian real estate finance transactions Interaction with the Capital Markets and Valuation Department The most qualified professionals in the Italian real estate Team work to get the best results Solid experience in negotiating outcome of the Technical Due Diligence and SPA Ability to offer complementary services such as: Environmental Due Diligence, Analysis of building energy performances, Rectification Permit, Town planning feasibility study, Project Monitoring, Loan Monitoring, Preventative maintenance plan, energy assessment. 11

12 MAIN CLIENTS BOSCOLO UNICREDIT LEASING FUTURA IM QATAR HOLDING CARREFOUR THE BLACKSTONE GROUP JP MORGAN UBI LEASING IDEA FIMIT ENI FONDIARIA SAI CBRE GLOBAL INVESTORS MONARCH LP INVESTINDUSTRIAL BENI STABILI LA SALLE INVESTMENTS BANCO POPOLARE CREDIT AGRICOLE CDP POLIS FONDI BANCA IFIS DEUTSCHE BANK REAM SGR SIAE WIND VALTUR AEW AMAZON BNP PARIBAS REAM SGR TH REAL ESTATE INTERNOS SAVILLS INVESTMENT MANAGEMENT CORNESTONE CUALBU GENERALI HINES KRYALOS REAM SGR Piazza Cordusio Milan TDD 10,500 sqm Blackstone Project Gataway Airone e Valecenter TDD Shopping Centres 83,507 sqm 12

13 Monte dei Paschi di Siena CentroSicilia Sicily TDD Shopping Centre 116,000 sqm Credit Agricole Corporate Banking Taormina Sicily TDD Luxury Hotels Blackstone RCS Building Milan TDD 26,000 sqm 13

14 ABOUT US Thank you all for the hard work in getting this to completion. There were a number of steps to get from signing to closing and really appreciate the hard work from each one of you. What a superb team work! 14

15 KEY CONTACT FEDERICA SACCANI Executive Director Head of Building Consultancy Italy m: e: federica.saccani@cbre.com

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