Valuation

The backbone of advisory services is a professional, objective, and fair valuation of assets. When it comes to assessing the value of assets, BPT Real Estate is a trustworthy and recognized partner

Our main goal is to add actual value to our clients rather than simply report it. Having extensive experience in professional commercial real estate transactions, we understand exactly how market participants perceive different trends in a rapidly changing market. This gives extra value to valuation reports, because our valuation relies not only on our vast databases, but also on active participation in the transaction market.

Our valuations are based on Estonian Valuation Standards (EVS 875), international valuation standards (IVS) and Royal Institute of Chartered Surveyors (RICS, Red Book) standards.

We perform valuations ranging from single assets to portfolios, with the following objectives:

  • Raising debt or equity
  • Refinancing
  • Financial reporting
  • Transaction advisory for the seller or buyer
  • For the purposes of dispute resolution
  • Strategic planning
  • Rent analysis, reviews and disputes, cost analysis

We offer valuation services in the following sectors: office, retail, industrial/ warehouse, hotels, development projects, and trade related properties.

Contacts

Mihkel Pärtel, MRICS

Head of Advisory

Phone: +372 508 3390

Email: mihkel.partel@bptre.com

Department: Advisory - Tallinn

Mihkel joined BPT Real Estate (BPT) in 2016 as the Head of Advisory at the Estonian business unit. His roles include the provision of BPT’s clients with transaction advisory, evaluation, analysis and other real estate life cycle services and he is also responsible for managing the team.

Mihkel has prepared and supervised numerous evaluations and analyses and furthermore has successfully conducted and managed several development project sales. He has also structured and completed a number of complex cash flow and development real estate transactions.

Prior to joining the team at BPT, Mihkel managed the Commercial Real Estate Department at Pindi Kinnisvara, including brokerage, transaction advisory, evaluation, analysis and other areas.

Mihkel has been actively working in the real estate sector since 2009.

Mihkel holds a master’s degree (Economics, 2014) from Tallinn University of Technology and the highest asset evaluation license; furthermore he is an MRICS, a Member of RICS (Royal Institute of Chartered Surveyors).