Valuation & Advisory Services

www.arcoreal.bg

Who We Are

www.arcoreal.bg

Arco Real Estate is part of the leading property group Arco Vara. Founded in 1992 in Estonia, the company is now the largest real estate service provider in the Baltic States, operating 17 offices across Bulgaria, Estonia, Latvia, Lithuania and Ukraine. With over 20 years of real estate experience and a solid regional presence, Arco

Vara group relies on the synergy of its Services, Development and Construction divisions to maintain its status as an industry leader. We have a professional, experienced team dedicated to bringing all our investors, clients, and partners the right solutions to their needs.

Arco Real Estate has been active in Bulgaria since 2006, offering a wide range of brokerage, valuation and advisory services on the market. The company is also developing and operating two of the most attractive projects in the capital Sofia - BLVD Residence and LIVD Apartments.

All professionals of Arco Real Estate are dedicated to providing their clients with the best possible service. Our clients benefit from the extensive experience of almost 40 certified valuers who have completed more than 4,500 valuation projects in the past one year.

The increasing number of returning clients and the continuing growth of completed assignments confirm that our devotion to partnership, reliability and professionalism is what makes us the preferred service provider for investors, lenders and property owners.

The valuation and advisory team of Arco Real Estate in Bulgaria boasts with 17 years of joint real estate experience and a proven track record comprising € 140 mln worth of properties valued and numerous satisfied customers.

We have also audited valuation reports of properties with a total value in excess of € 450 million for clients ranging from local and regional companies to multi-national corporations in various sectors of the economy including finance, energy, real estate , and others.

Service Capabilities

Through our combined experience as a developer and service provider we are able to better understand the needs of our clients and offer the most appropriate solution available. We cope with the challenges of the real estate market with great amount of consideration and responsibility.

Development Division

Residential Development

Commercial Development

Real Estate Investments

Arco Vara group

Service Division

Brokerage

Valuation

Property Advisory

Property Management

Asset Management

Construction Division

GeneralContracting

ConstructionSupervision

EnvironmentalConstruction

www.arcoreal.bg

Valuation ServicesWe enjoy helping our clients make the right decisions. The reliability and quality of our valuation reports are critical in a market with shrinking margins. Typically we provide this service to investors, property owners or lending institutions who need to know the value of a property .

We are comfortable with valuing all kinds of assets – from whole portfolios and complex mixed-use projects through retail, office and industrial properties to single dwellings. Valuing land, special-use properties, machinery and equipment, whole businesses or parts of them, intangible assets is part of our daily routine.

Advisory Services Our experienced multidisciplinary professionals are able to look at clients' needs from various perspectives. Our customized studies help developers and lenders discover hidden asset values and get a better picture of existing opportunities.

We have a variety of tools to assist our clients throughout the entire lifecycle of their projects, starting from the concept design all the way to completion and maintenance.

Our Services

Market Research Market research a offor each instruction and as separate service to help the clients understand the market conditions and support their decision making process in all market segments - residential, office, retail and industrial.

nd analysis is part the work done

Methods applied:

wSale / Lease comparables – Suitable for property occupants / asset users

wInvestment – Suitable for assets that are used for income generation purposes�Discounted Cash flow (DCF) – complex analysis of

large assets generating dynamic cash flow�Direct capitalization – suitable for simpler objects

with constant cash flowwResidual – Suitable for land plots and unfinished

projectswDepreciated replacement cost (DRC) – Suitable for

assets that are rarely, if ever, sold and for determining insurable value

Services offered:

wFeasibility studies wHighest and best use studies wSupply / demand studies wMarketability studies wLegal due diligence wConceptual design & planning recommendations wProject phasing wSite location wConstruction and maintenance costs budgetingwConstruction monitoring

We have established policies for systematic collection of information from public sources, through a wide network of industry contacts and in constant communication with colleagues from our Brokerage and Development departments.

International and local customers alike find that using our extensive property services portfolio adds value to their business.wConsistent quality achieved through

�Extensive research �Thoughtful analysis�Substantial international and local experience �Adherence to the highest professional standards

wAvailability of qualifications and licenses to meet legal requirements

wNational coverage through company staff and subcontracted specialists and international talent pool to tap from for client's benefit

wPossession of a professional indemnity insurance to meet regulatory and client requirements.

Customer Benefits

www.arcoreal.bg

For more information, please contact our team:

Georgi GeorgievHead of Valuation & Advisory ServicesGeorgi.Georgiev@arcoreal.bg+359 2 917 3079; +359 89 464 4943

Evgeni VasilevEvgeni.Vasilev@arcoreal.bg+359 2 917 3077; +359 89 566 4567

Arco Real Estate38A Cherkovna Str.BLVD Residence1505 Sofia

Benefits

wBroad international and local experience

wExtensive portfolio of services for comprehensive catering after client's needs

wAvailability of qualifications and licenses to guarantee quality of the final product

Consistent quality achieved through

wExtensive research

wThoughtful analysis

wAdherence to the highest professional standards

The mission of Arco Real Estate is to be a comprehensive and valued provider of real estate solutions.

The vision of Arco Real Estate is to becomea symbol of real estate.

Our core values

wPartnership – our client is our partner

wReliability – we are reliable, open and honest

wProfessionalism – we deliver quality

wConsideration – we value our clients as individuals

wResponsibility – we keep our promises