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23 august 2010

Why do we have so many RICS chartered surveyors in our Nordic and Baltic valuation teams?

Our clients and we think that it is a mark of quality assurance. We are able to guarantee our clients the highest quality advice and service. Real estate valuation is an extremely important profession within the real estate industry and the financing world. Both are global businesses and that is why we also need global standards to  value  land and buildings. Founded in England in 1868 RICS, the Royal Institution of Chartered Surveyors,  is an independent professional body committed to setting...

27 april 2010

Restructuring and Refinancing - challenging property market issues

A huge amount of commercial property debt will be coming due within the next three to five years. Many of those loans were issued in an environment where both loan-to-value ratios and property values were higher than today. The growth of the economy is expected to be rather slow in many markets during coming years. Rents may still fall and the vacancy rates may rice. Consequently, many loan agreements will be in breach of one or more of its covenants and the property values will not recover...

16 februar 2010

Real estate business – fun to work in these days?

In Newsec we measure two important items we believe indicate and predict the success of our business within real estate in the future; Employee Satisfaction and Client Satisfaction. And in this order. High score in employee satisfaction is not only having fun in your job, it is much more. It includes for example good leadership; trust in the organisation’s leaders; employees being proud of what they do and achieve; employees enjoying co-operating with other employees; open communication and...

8 januar 2010

How do you manage your second largest asset – Real Estate?

I was delighted to see the November 2009 issue of Harvard Business Review tackle about the importance of real estate as a second largest asset of almost every company. As they point out it should be viewed not merely as an operating necessity – wich it obviously is in the Nordic winter – but as a strategic resource to boost productivity and encourage innovation, if managed professionally. What senior management needs to do, HBR points out, is a high-level view of their real estate situation,...