Walliance partners with Ernst & Young—one of the world's four largest consultancy companies. Accordingly, starting from the assumptions provided for by the Offeror, Ernst & Young conducts an independent evaluation for Walliance. This evaluation covers every real estate project on the platform. Such an assessment is available to Investors through the Selling Information Memorandum. This document is published within each project tab under "Documents."
The rating: this 6-page document describes the initiative and contains a market analysis identifying comparables. The document's last page assesses the operation (the Rating) through points ranging from a minimum of 1 to a maximum of 5. The evaluation is conducted by comparing the operation with the performance of the target real estate market. It, therefore, considers both the development area and the project's intrinsic characteristics.
What parameters are used in the evaluation?
- Population: indicates how much the area's population, including tourists, falls within the potential catchment area of the buildings to be realized.
- Development linearity: indicates the project's complexity level.
- Soft cost congruity: refers to design and management costs, indicating how consistent these are in relation to similar projects.
- Hard cost congruity: refers to construction costs, indicating how consistent these are in relation to similar projects.
- Duration congruity: refers to the duration of the real estate operation, indicating how consistent it is in relation to similar projects.
- Revenue fairness: refers to the expected revenue from the real estate operation, indicating how consistent it is in relation to similar projects.
- Surface consistency: refers to the apartment types envisaged in the project, indicating how consistent they are in relation to the development area's real estate market demand.
- Intended use: refers to the real estate market's demand, indicating how consistent the project is in relation to the properties' intended use in the development area.
- Market interest: refers to real estate market demand, indicating how much interest it is shown in the operation.
- Market trend: represents real estate market trend assessment in the development area and how the operation fits within this trend.
- Economic conditions: provide a general assessment on the expected costs and revenue of the real estate operation.