Alternative assets valuation and valuation oversight: real estate

The completion of the module "Alternative assets valuation techniques: real estate" is a prerequisite to access this module.

Real estate continues to be one of the most active and profitable investment opportunities. In today’s rapidly changing environment, real estate professionals are looking across the enterprise and are continuously assessing opportunities to grow revenue and better manage costs and risks in order to remain competitive in the marketplace. The proper understanding of the key risk is of paramount importance and relates to the value of real estate assets.

Market uncertainty, inflation, rising interest rates and pressure from governing bodies for additional regulation in the alternative investment sector such as real estate are some important elements which we believe will put an increasing emphasis on the requirement to have a strong and reliable fair valuation process for alternative assets. Going forward, general partners can expect investors, auditors and regulators to scrutinise their valuation estimation more closely.

PwC Academy is pleased to offer this course designed to help participants to navigate through the challenges associated with real estate valuation oversight.

By the end of this course, participants will be able to:

• explain the steps involved in the real estate valuation process;
• critically analyse the real estate opportunities;
• better understand real estate investment decisions;
• gain significant insight into the most widely practiced property income valuation techniques;
• understand how a real estate valuation report is performed;
• know where to find key information;
• understand how to challenge key information;
• locate dedicated market data to benchmark real estate valuation parameters.

• Real property concepts and characteristics
• Influencing factors on real estate values
• Various types of value and economic principles
• Solid foundation on basic appraisal principles
• Main valuation risks
• Valuation review procedures from an audit perspective
• Local and European market updates
• Case study allowing participants to apply the concepts presented during the training

This training is coordinated by Alexandre Goossens, Partner at PwC Luxembourg and RICS member.

The training will be presented by PwC subject matter experts dealing with real estate valuation topics.

Alexandre, Partner, joined PwC Luxembourg in September 2014 and is responsible for the Real Estate and Infrastructure Advisory services. Alexandre has gained a strong experience through his missions as consultant and valuer.

He leads a team dedicated to the annual review of more than 2,000 assets in real estate, debt (backed by real estate collaterals), infrastructure and forestry with an exposure on world markets and is managing an extensive real estate market database that covers all markets and all sectors. Alexandre is responsible for the implementation of models and processes for the three key functions of fund management companies in the context of AIFMD (valuation, risk management, portfolio management). He is also an active member of the Royal Institution of Chartered Surveyors (RICS) and is the lead instructor in real estate valuation.