Euromoney names Newsec best property valuation firm
The international business and capital markets magazine Euromoney declared Newsec the top provider of property valuation services in the Nordic and Baltic countries in 2020
“This award is a big recognition for our company. For years now we have been conducting a diverse range of property valuations in light of businesses’ current situation, financial reporting norms, real market data and its analysis. Newsec is helped to achieve results of the highest quality both by its team’s expert knowledge and adherence to the highest professional standards. We typically perform over 2,400 property and business valuations a year in the Baltic region, with constant attention to enhancing the team’s professional skills as well as implementing and complying with international standards. We are pleased that our services meet clients’ expectations and are proud to receive this recognition,” says Linas Daukus, Head of Valuation, Newsec Advisory in the Baltics
Newsec’s property valuation team in Northern Europe includes a total of 91 professionals who perform more than 18,100 valuations a year involving a total property value of EUR 177.3 billion. That includes 20 employees, EUR 3.2 billion of property and 2,400 valuations in the Baltic countries.
In the 16th annual Euromoney Real Estate Survey, the international real estate advisory firm Newsec was recognized as the best company in the Nordic and Baltic countries in property valuation and got a second-place award in research and in real estate advisory and consultancy categories.
Euromoney magazine, published out of London since 1969, conducts a study of the market each year in which it assesses factors including growth of clients, services offered, opinions of clients and competitors, assets under management and personal data security.
The winners of the prestigious awards are determined by aggregation of the opinions of the advisors, developers, investment managers, banks, and corporate end-users active in the real estate sector. Last year Newsec won two Euromoney awards, being recognized as the best provider of advisory services and the best property valuation firm in the Nordic and Baltic region.