Presentation ST Sociedad de Tasación · Presentación ST Sociedad de Tasación (julio 2014) 4 With the goal of developing an appropriate valuation according to the client needs it

1 Presentación ST Sociedad de Tasación (julio 2014)

Julio 2014

Presentation

ST Sociedad de Tasación

Experts in Real Estate Appraisals and Valuation Services


Products and Services

10


Real Estate Valuation Services

Financial Institutions and Organizations needs , and are not always the same. With each

valuation request it is necessary to identify the purpose , uses, as well as understanding

the nature of each asset, in order to identify the appropriate methodology to use

Type of Assets Valued Our experience in valuations covers tangible assets such as: • Tangible Assets:

• Real Estate Assets (Residential Properties, Retail, Buildings, Offices, land, Hotels, Oil Stations, other properties),

• Investments (Machinery, Facilities and Equipments)

• Stocks

Regulation and Required Standards ST Sociedad de Tasación complies in its procedures and methodologies with the regulations and standards required on each case: •ECO 805/2003 Bank of Spain

•NIC / IIFRS (International Financial Reporting Standard)

•IVS (International Valuation Standards) and EVS (European Valuation Standards)

•IFRS (International Financial Reporting Standards)

•RICS (Royal Institution of Chartered Surveyors).


With the goal of developing an appropriate valuation according to the client needs it is

esential to identify the reason why the client is interested in ordering the valuation

Valuations: Purposes and Uses

• Real Estate Portfolio Value Updates

• Impairment test

• Real Estate Investments

• Valuation of Stocks

Au

dit

• Valuations of Related Operations

• Taxes (transmissions, IBI´s, Capital Gains,…)

• Catastral Review

• Valuation of Collaterals to postpone obligations with Central, Local and Regional

Administrations.

Fis

ca

l

• Expropiation Procedures

• Conflicts

• Arbitrations

• Bankruptcy Proceedings

• Bank of Spain Regulation (Mortgage

Market and Notifications)

Leg

al

• Projections and strategic plans

• Divisions and Segregations

• Mergers

• Adquisitions

• Socimis (REIT)

• Buy-Sell Asset Transactions

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l

• Mortgage Finance

• Other alternative Financing

• Insurance Companies Provisions

• Regulatory Valuations for Financial Institutions (Provisions and Capital Requirements)

Fin

an

ce


• Real Estate Portfolio Value Updates

• Impairment test

• Real Estate Investments

• Valuation of Stocks

Au

dit

• Valuations of Related Operations

• Taxes (transmissions, IBI´s, Capital Gains,…)

• Catastral Review

• Valuation of Collaterals to postpone obligations with Central, Local and Regional Administrations.

Fis

ca

l

• Expropiation Procedures

• Conflicts

• Arbitrations

• Bankruptcy Proceedings

• Bank of Spain Regulation (Mortgage Market and Notifications) L

eg

al / R

eg

ula

tory

• Projections and strategic plans

• Divisions and Segregations

• Mergers

• Adquisitions

• Socimis (REIT)

• Buy-Sell Asset Transactions

Pa

trim

onia

l

With the goal of developing an appropriate valuation according to the client needs it is

esential to identify the reason why the client is interested in ordering the valuation

Valuations: Purposes and Uses


Research and Market Studies

• Land and Housing Studies

The purpose of this study is to establish a diagnosis of the volume and basic charachteristics of the available offer, and potential of developing new residential properties in an existing location. The client obtains information about the current stock and the potential of developing residential properties in the municipality..

• Price and Competitive Offer

Those studies are focused on an specific development, and evaluates in detail de similar offer in the competitive area.. As a result of the work, the study proposes estimated market prices to sell the product.

• Property Stock Study.

The finality of this study is to establish a diagnosis of the volume and charachteristics of new properties available in a specific area. The work is done by gathering information of developments with units for sale. The study includes all type of properties with a maximum antiquity of 5 years.

.

Our experience, our panel of 650 external collaborators and the integrity of our Real

Estate Data Base allows us to develop studies and reports with national and local real

estate information


Other Products and Services

• Land Follow up Report

Report which reflects the evolution of the land urbanistic management or land urbanization.This product allows the ordering party learn about the level of evolution of a land until it is certified as a “plot”..

• Development follow up report

Report which reflects in a summarized manner, the status in the construction works of a property which has been previously appraised by ST.

• Measurements

A floorplan is a document done by an appraiser – architect which collaborates with ST, where you find a sketch of the property with its different quotas and the measurement of the surface.

Appart from the traditional valuation services and market studies ST Sociedad de

Tasación also offers its clients other products and services such as:


• Urbanistic Communication Channel

ST Sociedad de Tasación offers its customers a channel through which they can solve questions related to urban planning, both from a general point of view or those related to specific properties. In this channel the customer can access several information services, such as models for interpreting urban aspects concerning valuations, urban concepts guide, possibility of requesting urban consultations and requesting training activities.

• Energy Performance Certificates

Directive 2002/91 / EC of the European Parliament and of the Council of 16 December 2002 with regards to energy performance of buildings establishes the obligation to make available an energy performance certificate to purchasers or users of buildings which must include objective information on the energy characteristics of buildings. ST-Sociedad de Tasación has reached agreements with specialized companies to provide their customers with service Management and Coordination of the work necessary to get the Energy Efficiency Certification required by Royal Decree 233/2013. Under these agreements, the collaborating companies will be responsible for implementing, issuing and billing the work while ST will take care of the management and coordination of the orders received..

Other Products and Services

Appart from the traditional valuation services and market studies ST Sociedad de

Tasación also offers its clients other products and services such as:


Our Data Base and

Technology


• Computerized Data Base.

• Cloud Computing.

• Digital Certification and Recognized Electronic Signature.

• System Interconnection.

• Mobility and E-Commerce.

Technology and Mobility

ST Sociedad de Tasación integrates propietary technology tools as a high value added

element, targetted to the specialization of data management, speed up procedures and

assure confidentiality and standardization of the valuations.


Real Estate Data Base

1n 1985, ST Sociedad de Tasación was pioneer in generating a computerized real

estate data base which during the years and product of our experience has been

audited, geo-located and standardized.

• The market data which creates ST Real Estate Database are gathered by our network of appraisers and valuations done.

• The valuer must introduce the market data during the process of developing the valuation. This is done during the mistery shopping done during the process where the valuer tries to obtain the price by which the transaction would be produced.

• All of the market data are uploaded in the database following a previous standardization process..

• Once uploaded the market data receive a first quality control check through filters available at the IT platform with regards to coherence of the introduced data with regards to the already existing data at the location where the subject property is located.

• Finally the data which do not comply with the filters is QC´d by a specific department which does spmples over the introduced data, and in the case of finding divergences, corrects and validates the data.

• Approximately half of the data which is introduced in the data base is quality controlled by ST Quality Control Department before it is uploaded into the real estate database

Real Estate Market Data

Data from Appraisals

Real Estate Data Base

Appraisal Comparables

Creation of Real Estate Index

Comparables for AVM.


Corporate Data


•Constituted in October 1982. First spanish company approved by the Bank of Spain (Licence numer one at the Bank of Spain Appraisal Registry)

•More than 3.000.000 reports done

•A team of more than 700 professionals (Employees, and collaborating Architects and Engineers)

•Presence at the 400 main populated Spanish areas

•Founder of the Trade Association “Asociación Española de Análisis de Valor (AEV)”

•In 2001, the quality management system obtained the UNE-EN-ISO 9001:2000 recognition.

Some Figures

ST Sociedad de Tasación: Our career, our history, our clients and the more than

3.000.000 valuations developed form our professional background..


• In the regulated market to satisfy the regulation requirements demanded in relation to the valuation of real estate assets as a guarantee of the value of the assets linked to the mortgage market.

•In the non regulated market, to act as an independent company, which is not involved in real estate transactions and does not have any kind of participation in any company or financial institution, offering products and services with the maximum value added, and covering the needs of private and public companies, following the technical standards available (RICS, IVS, EVS) and having the trust and reliability of auditors and regulators (CNMV).

Our Mission

Offer to the market rigorous valuations – under the frame of our principles – through the

use of the highest quality IT, Technical and professional resources in a profitable

manner and which allow:


Corporate Principles

• Customer Oriented Company. We Listen, we analyze and we act thinking about the client.

• Team. Our team of people is the key of our success

• ST Brand. We create and develop the ST Brand.

• Leadership and Responsibility. Professionalism, Desire for Self-Improvement, Sharing information and taking over responsabilities.

• The purpose and the means. The end, never justifies the means. Honesty and respect are always present on our day to day work.

• Confidence and Participation. Working relationships are based on Trust, Transparency and Equality of Opportunities.

• Teamwork. Converse, Listen, offer solutions..

Our Principles and Values

Independence, experience and professionalism, quaility, proximity, technology and

innovation are the commitments which ST adquire with its customers. ST offers value

added by developing its activity under established corporate principles


ST Sociedad de Tasación is the only large valuation firm in Spain which has remained loyal to the independence principle.

Currently the shareholders of ST Sociedad de Tasación are private professional shareholders, and there are no financial institutions or companies involved, which are the main clients of the company.

Additionally ST is not involved in other real estate activities such as financing or real estate brokerage..

Independence

Independence is a key value in the Valuation Activity


Our Publications


The information is gathered from transactions produced in multy family developments during the last 5 years. The study covers Spains 50 capital cities, 21 cities with a population of more than 100.000, 50 cities with a population of over 50.000 and 73 cities with a population under 25.000.

Boletin ST

Market Study of New Residential Properties which is developed in Spain since 1985. ST

Sociedad de Tasación delivers two guides, one in January and one in July.


• Real Estate Market Evolution, Shows through graphs the perspective for the quarter and projections of the market.

• Information brought by the market data gathered at ST Valuations done in the last quarter..

• ST Confidence Index: The result of the survey is obtained from the opinion in economic & real estate aspects of more than 700 professionals about the areas where they develop their professional activity.

• Urbanístic Incident Rate, ST Sociedad de Tasación develops province distribution maps which reflect urbanistic incidents according to the severity of the warnings highlighted on the appraisals done.

• New Housing Study: The studies of new properties which ST offers to the market,

are a revolutionary tool which calculates the quantity of property available and the plots which are available for the development of real estate projects in different spanish municipalities

Residential Real Estate Trends Report

Quarterly Report, published January, April, July and October. The report includes the

following information.


This study brings the comparison of the urbanism laws in Spain at different Regional Areas (Autonomous Communities) and is published yearly during the month of April..

National and Regional Urban Legislation Report

ST Sociedad de Tasación develops this report due to the need of locating and organizing the great divergence which exists in urban laws in Spain, and thus facilitate its internal processes with regards to the development and review of real estate valuations.


ST Sociedad de Tasación reviews the regulation of this type of properties, and during the month of October publishes a report which brings toguether the programs and types of property affected by the National and Regional Plans..

VPO (Social Housing) Legislation

The new property plan for period 2013-2016, is focused in supporting the rental and renovation market.. It reflects a change in the property policy model. It also includes the Rehabilitation, Regeneration and Urban Renovation Law and the new Law of Rental Promotion


Contact Details


E-Mail [email protected] ; Tel: +34 91 175 41 39

Estudio de vivienda nueva que se elabora desde 1985 en España. ST Sociedad de

Tasación emite dos boletines semestrales al año, el primero se publica los primeros

días del mes de enero y el segundo los primeros días de julio.

22 Presentación ST Sociedad de Tasación (abril 2014)

La Coruña C/Compostela, 8 - 3º izda 15004 Coruña Telf.: 98 121 82 60 Fax: 98 121 82 61 [email protected]

Madrid C/Principe de Vergara,43 28001 Madrid Telf.: 91 436 02 00 Fax: 91 591 42 86 [email protected]

Zaragoza Pza. Aragón, 10 - 2º 50004 Zaragoza Telf.: 97 648 34 80 Fax: 97 648 34 81 [email protected]

Barcelona Avenida Sarriá, Edificio Sarriá Forum 102 - 106 08017 Barcelona Telf.: 93 405 05 00 Fax: 93 439 64 85 [email protected]

Palma de Mallorca C/ Arxiduc Lluis Salvador, 1 5ª Planta 07004 Palma de Mallorca Telf.: 97 177 41 51 Fax: 97 146 86 70 [email protected]

Valencia C/ San Vicente Mártir, 57 Planta 2 - Puerta 3 46002 Valencia Telf.: 96 352 56 89 Fax: 96 352 33 85 [email protected]

Granada C/ Puentezuelas, 3, 1º B 18002 Granada Telf.: 95 821 61 40 Fax: 95 821 61 41 [email protected]

Málaga Alameda Principal, 42 - 1ºB 29005 Málaga Telf.: 95 206 19 00 Fax: 95 206 19 01 [email protected]

Sevilla Av. Constitución, 23-25 41004 Sevilla Telf.: 95 421 33 41 Fax: 95 422 30 11 [email protected]

Las Palmas C/ Veintinueve de Abril, 43-45 35007 Las Palmas Telf.: 92 826 96 84 Fax: 92 827 06 63 [email protected]

Alicante Avda. Maisonnave, 11 3º dcha 03003 Alicante Telf.: 96 598 48 40 Fax: 96 598 48 41 [email protected]

mailto:[email protected]



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Presentation ST Sociedad de Tasación · Presentación ST Sociedad de Tasación (julio 2014) 4 With the goal of developing an appropriate valuation according to the client needs it