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Banks feature on the commercial property landscape both as investors/landlords and office/retail space occupiers. In clear understanding of this distinction in roles, Forton mirrors it with an offer of two individual sets of services.
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Michaela Lashova
Head of
Capital Markets
and Consultancy
Department
tel / fax | As investors/lenders in commercial property, banks wish to generate return from real estate assets. This requires an incisive, up-to-date knowledge of current status of the real estate market – current market developments, the quality and quantity of space offered by competitors, prevailing and projected rent levels. Forton can deliver a Market Research and answer all these questions.
It also requires constant scrutiny into the often changing fair market value of the real estate asset portfolio financed by the bank. To provide a sophisticated and competent advice we prepare Valuation reports. They determine the real value of each property and provide an opinion on its value over time as an income-producing asset.
Development projects applying for financing require a more detailed analysis which we provide in a Feasibility Study report. You will get a full analysis of the factors that have an influence on the success of a project – location analysis, potential client base, catchment area analysis, competitor analysis, financial modeling and much more.
To the bank as an owner of real estate, valuations form the foundation for a more broad-reaching Strategic Report, which analyzes the bank’s real estate exposure and advises on the best way to utilize proprietary real estate, to restructure problematic assets and, if required, to find the best approach to successfully divest. read more... |
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Maya Baltadjieva
Head of
Property Management
Department
tel / fax |
With as many buildings in your portfolio and a core business to run, you might have difficulty to oversee day-to-day operations of every single premise. One specialty of Forton is Property Management – a full-fledged service, which entails facility management, landlord/tenant relations, financial, accountancy and insurance services.
Or yet, if you happen to own a premise, you may need to Lease it to tenants at the best possible rental rate. Depending whether it is an office, retail or industrial property, our Office, Retail or Industrial/Logistics Space Departments can do the lettings for you. read more... |
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| If you are still growing your bank branch network or wish to optimize it, then you are in need of an Occupier Strategy analysis. This thorough review of branch location performance, competitive positioning and rent analysis will contribute to the successful reorganization of your branch network.
Contact Person: Michaela Lashova
With as many bank branches across the country, you land in multiple relations with landlords. We can support you in this time-consuming task through our Tenant Representation service. We can oversee your current lease contracts, renegotiate and strike new ones whenever there is need.
Contact Persons: Vladislav Kayzerov and Dimitar Kiferov
In both roles, banks have a number of legal documents to sign. If you need a legal advisor specializing in the field of commercial property law to take a second look, please contact our Legal Services Department.
Contact Person: Ivan Blagoev read more... |
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Bank Occupier Property Strategy
One of the largest Bulgaria-based banks retained Forton International to elaborate an analysis and optimization strategy for their nationwide branch network.
The negative impact of the global crisis on the local banking market spurred the need to improve the current network position with the purpose to sustain effectiveness, whereas keeping operational costs at a minimum.read moreBank Real Estate Restructuring
Forton International was selected by a leading Bulgaria-based bank to consider strategic approaches for extracting optimal value from their real estate assets by sale, sublease or management in the current market conditions.
Our assistance involved valuation of the properties on the basis of which restructuring models were elaborated and a real estate portfolio was formed.
Subject to restructuring – 35 properties in 23 settlements throughout the country.read more |
