The ongoing pandemic has also affected property values, with individual buildings and entire portfolios being revalued. This is mainly centred on logistics, which continues to strengthen, office buildings, buildings with now unused accommodation capacity, residential projects and, of course, retail properties. BNP Paribas Real Estate, the international consulting company, is responding to the increased demand for valuations by strengthening their internal Valuation team. "We have provided this service for developers, investors and banks for a long period. It is one of the pillars of our real estate offer. Our two new reinforcements - Martin Kinzel and Jana Řezáčová - will ensure that we continue to guarantee a high quality standard,“ explains Karel Bor, Managing Director of BNP Paribas Real Estate Czech Republic and Slovakia.
The Valuation department of the Prague branch of BNP Paribas Real Estate will be headed by Martin Kinzel. His qualification of Senior Property Valuer is evidenced by the appreciation of almost one hundred commercial properties in his career to this point. The value of these properties is in the hundreds of billions of crowns. Martin moves across the real estate segment, and has worked with almost all banks and other financial institutions active in the domestic real estate market today.
Martin is a graduate of the Faculty of Civil Engineering at the Czech Technical University and is a member of the RICS (Royal Institution of Chartered Surveyors) in the field of real estate valuation. He comes to BNP Paribas Real Estate from Knight Frank, where he also worked in valuations.
Another addition to the Valuation team is Jana Řezáčová. After graduating from the Faculty of Civil Engineering and completing a course on real estate valuation at the University of Economics, Jana gained professional experience in the Research & Consulting department. In this position, she processed professional analysis and reports for selected clients, including banks.
"We currently value real estate with a market value of tens of billions of crowns. Requests for valuations on residential projects, buildings affected by the effects of the coronavirus crisis and other specific requirements are on the increase. Therefore, we expect to further strengthen the Valuation team with more experienced professionals," adds Karel Bor.