eva real estate appraisal company company presentation

Transkript

EVA
REAL ESTATE
APPRAISAL
COMPANY
COMPANY
PRESENTATION
May 2013
“Real Professionalism”
in Real Estate
EVA / March 2013
Regulated by RICS
EVA Real Estate Appraisal & Consultancy Company
Bostanci E5 Kavşagiı, Şebnem Sok. Tavukcuoglu İs Merkezi
No:10 Kat:5 34742 Bostancı Kadıköy İstanbul / TURKEY
Tel. +90 216 665 36 36 Fax. +90 216 361 57 65
www.evagyd.com
EVA REAL ESTATE APPRAISAL CONSULTANCY COMPANY
COMPANY PRESENTATION
TABLE OF CONTENTS
1.) Our Company, Who are we? ......................................................................................................... 3
2.) Knowledge and Experience in the Sector ............................................................................... 3
3.) Confidentiality and Ethics ............................................................................................................. 4
4.) Our Fields of Services ..................................................................................................................... 4
5.) Our Standards .................................................................................................................................... 7
6.) Our Client Portfolio .......................................................................................................................... 7
7.) Our Public Disclosure Project ...................................................................................................... 7
8.) References ........................................................................................................................................... 7
9.) Appraisal Work, Definitions, Methods and Methodology .............................................. 10
9.1.) Definitions and Methodology of Appraisal .................................................................... 10
9.2.) Methods Used for Appraisal................................................................................................. 10
9.2.1.) Sales Comparison Approach........................................................................................ 10
9.2.2.) Income Capitalization Approach ............................................................................... 10
9.2.3.) Cost Approach ................................................................................................................... 11
9.2.4) Development Approach ................................................................................................. 11
10.) Contact Us......................................................................................................................................... 12
11.) Our Managers, Founders and Staff ............................................................................................ 8
EVA / May 2013
Regulated by RICS
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Tel. +90 216 665 36 36 Fax. +90 216 361 57 65
www.evagyd.com
EVA REAL ESTATE APPRAISAL CONSULTANCY COMPANY
COMPANY PRESENTATION
Please find below the detailed presentation of our company including our services,
principles and methodologies of work, which we have prepared in order to provide
a detailed description of our company.
1.) Our Company, Who are we?
EVA Real Estate Appraisal & Consultancy Company was founded in Istanbul in
September 2008 as a Joint Stock Company.
Our company accepted as Licensed Company by Capital Markets Board of Turkey
(CMB) as of March 2009. With the resolution by the Banking Regulation and
Supervision Agency dated 27.01.2011 and numbered 4030, in accordance with
the article 11 of the “Regulations for the Authorization of the Institutions that Will
Provide Appraisal Services for Banks”, our company was entitled for carrying out
appraisal for banks.
On 16.02.2011, our company regulated by RICS (Royal Institute of Chartered
Surveyors), which is an international professional organization that was first
established in the United Kingdom in 1868 and which currently has more than
140.000 members in more than 120 countries across the world.
Eva Real Estate Appraisal was recognized as Turkey’s Best Real Estate Advisory
Firm in Valuation and awarded by Euromoney in 2011.The leading magazine of
Euromoney Institutional Investor, one of the worldwide primary authorities
in financial markets, singles out the outstanding institutions in most of the world
countries in several categories by a scientific annual study. The award was
announced on September 20th, 2011 and delivered to EVA in a ceremony in Turkey.
EVA has ISO 9001 Quality Management Certification and also has ISO 14001
Environment Management Certification as a first in Turkish appraisal sector.
2.) Knowledge and Experience in the Sector
The foundation of the knowledge of our company is based on the long-years
experience of our founders and employees in the sector, on real estate and
machinery and equipment appraisal. The employees and founders of our
organization are the representatives of knowledge and expertise in the real estate
and construction industry, and they are pioneering for the sector with a professional
approach based on their vast experiences.
EVA / May 2013
Regulated by RICS
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Tel. +90 216 665 36 36 Fax. +90 216 361 57 65
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The employees of our company create a highly professional team with many years
of experience in the sector and various professional education backgrounds such as
architecture, city planning and engineering. 6 of the personnel within the staff and
with founder status are people who were licensed by the Capital Market Board
(SPK). Also, the general director and managing partner of our Company, Cansel
Turgut Yazıcı has international certification from a British institution, Royal
Institue of Chartered Surveyors (FRICS).
Our managers share our sectoral experiences with the audiences through various
press channels. Our publications, which indicate our opinions, based on regular or
irregular researches can be found on Internet, periodicals or on certain real estate
supplements of newspapers and the number of our publications are continuing to
increase.
Apart from these activities, the managers of our company are also sought after in the
sector as tutors. For this reason, they are also lecturing at Doğuş University and
Garanti Bank on “Appraisal Techniques”.
3.) Confidentiality and Ethics
Our most prominent principles and ethics of work are: Confidentiality, Full
Independence, Reliability and Impartiality. Our services are prepared and presented
as professional, high quality and certainly scientific.
Due to the principle of confidentiality, the reports and studies are not shared by any
third parties without the written approval of our clients.
4.) Our Fields of Services
Our company is able to offer appraisal activities in various areas of specialization
owing to the vast experiences of our employees. Especially during the project
appraisal and best use studies, the works are carried out through the matrix system
created by our team formed from different occupational disciplines. Our services
mainly include:
EVA / May 2013
Regulated by RICS
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Tel. +90 216 665 36 36 Fax. +90 216 361 57 65
www.evagyd.com
I) APPRAISAL & COUNSELING SERVICES
 Real Estate Appraisal,
Plots and lands
Factories and Production Plants
Commercial Buildings (Offices, Stores…etc.)
Shopping Centers
Hotels, Holiday Villages, Accommodation Facilities
Marinas and Ports
Golf Facilities
Fuel Oil Stations
Logistics Buildings
Residential Properties
Entertainment Facilities and Theme Parks
Quarries and Mines
Dorms
Highway Recreation Facilities
 Appraisal of the Real Estate-Related Rights and Interests,
Rent Value Appraisal
Superficies Value Appraisal
Resource Rights Appraisal
 Market and Sectoral Research Reports,
Shopping Centers, Hotels, Lojistics, Ofices, Student Dormitories,
Service Station Sector..etc
EVA / May 2013
Regulated by RICS
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Tel. +90 216 665 36 36 Fax. +90 216 361 57 65
www.evagyd.com
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Feasibility Studies,
Location Analysis,
Strategic Advisory,
Project Appraisal Studies,
Highest and Best Use Studies,
Tender Process Management Counseling,
Portfolio and NPL appraisals,
Real Estate Training Activities,
Title Deed Due Diligence Reports,
Opinion Reports for Evaluation of the Assets
II) CONSTRUCTION INVESTMENT PROGRES REPORTS
Preparation of Const.Invest.Advancement Reports” for Financial Organizations
Finance organizations especially work with us to control the expenditures of the
investments which they finance.
EVA Techincal department gives the appraisal services for machinery and equipment
valuation.
 Machinery & Equipment Appraisal,
Machinery Park and Fixed Asset Appraisals
Appraisal of All Industrial Machinery & Equipment
Cement Facilities
Refineries
Ships
Shipbuilding Yards
Fleets of Vehicles
Appraisal of Renewable Energy Sources
o Hydroelectric Power Plants
o Wind Turbines
III) EVA + APPRISAL SERVİCES FOR MORTGAGES
The EVA + Department of our company offers “appraisal services for the Credit
Appraisal of Banks”. This department continues working with solution partners
from various professional disciplines around Turkey, that are specialized and able to
receive all sorts of technical support from us.
EVA / May 2013
Regulated by RICS
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Tel. +90 216 665 36 36 Fax. +90 216 361 57 65
www.evagyd.com
5.) Our Standards
Our studies are based on the standards of International Valuation Standards Council
(IVSC) and also for “RED BOOK” -which Royal Institute of Chartered Surveyor(RICS) or according to International Finance Regulation Standards (IFRS).
In addition to the aforementioned, in case of demand, it is also possible for us to
prepare reports in compliance with the standards set by the Capital Market Board
(SPK).
Our Company principles include following up the international activities and
innovations, share the developments with our customers and include the applicable
techniques in our studies.
The studies can be conducted in Turkish and/or in English according to the
demands from our customers.
6.) Our Client Portfolio
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Banks
Real Estate Funds
Real Estate Investors
Real Estate Project Developers
Real Estate Investment Trusts
Financial Leasing Companies
Industrial Enterprises
Independent Audit Companies
Insurance Companies
Private Finance Organizations
Attorneys and Lawyer Companies
Energy Development Companies
Construction Companies
Participation Banks
7.) Our Public Disclosure Project
EVA’s research working group is publication each quarter named “PERİSKOP”
which includes latest information and developments from Real Estate Industry and
our short term expectations.
8.) References
Our company serves for national and international companies. Due to the last
experiences of the employees of our company, appraisal services can be given in the
fields that require very different specializations. Some of the references of EVA Real
Estate Appraisal Consultancy are stated as follows;
EVA / May 2013
Regulated by RICS
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www.evagyd.com
APPRAISAL & COUNSELING SERVICES
Real Estate Development & Construction Companies
CORIO GAYRİMENKUL YÖNETİMİ VE YATIRIM , VARDE PARTNERS
EUROPE, DOLPHIN LLP, KREA GAYRİMENKUL GELİŞTİRME, MİRATUR
GAYRİMENKUL YATIRIM, METRO MAM ASSET MANAGEMENT, DEMİR
GROUP, KARSAN KARADENİZ KİMYA SANAYİ,
TESCO-KİPA KİTLE
PAZARLAMA, TURKVEN REAL ESTATE, SİLVAN SANAYİ, TRAKYA SANAYİ,
ARMADA OTEL, ALBAYRAK TURİZM SEYAHAT İNŞAAT , İNANLAR İNŞAAT,
EGE AKTİF TEKSTİL, ASTAY GAYRİMENKUL, RÖNESANS GAYRİMENKUL,
ZORLU GAYRİMENKUL, EFE AKTİF TEKSTİL, ERIA PARTNERS, DAIHATSU
ALC OTOMOTİV, APEC YAPI, SOYAK YAPI , MİLPA- MİLLİYET PAZARLAMA,
FER YAPI, EROĞLU GAYRİMENKUL, BAINBRIDGE, AĞAOĞLU–AKDENİZ
İNŞAAT, GEDİZLER OTOMOTİV, YAMATA, DEDEMAN GAY. GELİŞTİRME,
ESKİDJİ GAYRİMENKUL, İŞ KORAY, DUMANKAYA GAYRİMENKUL,
REGNUM GAYRİMENKUL, UKRA İNŞAAT, KONYA GAYRİMENKUL GELİŞTİRME
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VE YATIRIM A.Ş., ORTAKLAR GAYRİMENKUL, VENİVEST GAYRİMENKUL,
MODERN YAPI
Real Estate Investment Companies (GYO)
 MARTI GYO, AKMERKEZ GYO , İŞ GYO, Y&Y GYO, ATAKULE GYO
Industry Companies
UNILEVER TÜRK TİCARET, GOODYEAR, CP STANDART GIDA SANAYİ VE
TİCARET, BESAN BESİN SANAYİ VE TİCARET, EGEPLAST EGE PLASTİK
TİCARET VE SANAYİ, KENT-CADBURY GIDA MADDELERİ, TATA MOTORS
LTD.-INDIA, DS SMITH COPIKAS, ALMANA YİYECEK İÇECEK (KATAR) , LC
WAIKIKI TEMA MAĞAZACILIK, BAHÇIVAN GIDA, DR. F.FRIK İLAÇLARI,
BETOPAN, GERSAN ELEKTRİK, HIZIROĞLU SERNİKEL GRUBU, MEY İÇKİ,
KONYA ŞEKER SANAYİ VE TİCARET A.Ş.
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Consultancy Companies & Attorney Offices
 KRONUS KURUMSAL FİNANS DANIŞMANLIK, BASE HUKUK BÜROSU,
MOROĞLU&ARSEVEN&ÖZDEMİR HUKUK BÜROSU, PRICEWATERHOUSE
COOPERS KURUMSAL FİNANSMAN, ERKE DANIŞMANLIK, EGELİ&CO
HEDGE FOUND, GERSAN, VATAN KABLO, BIÇAKÇILAR TIBBİ CİHAZLAR,
ÖNCÜ GRUP, DÜ FİNANS
Others
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SEDES HOLDING, TURKCELL İLETİŞİM HİZMETLERİ A.Ş. (Kira Değeri
Tespiti Çalışmaları), ANADOLU SİGORTA, POAŞ-PETROL OFİSİ, TNT
EXPRESS, SELAHATTİN BEYAZIT MÜESSESESİ, HÜRRİYET GAZETECİLİK,
EVA / May 2013
Regulated by RICS
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Tel. +90 216 665 36 36 Fax. +90 216 361 57 65
www.evagyd.com
ROSY BLUE-DGM, ÖZEL AYDEM SAĞLIK HİZMETLERİ, OXFORD GROUP ,
DATATEKNİK BİLGİSAYAR SİSTEMLERİ, TELLCOM İLETİŞİM, BİLGİLİ
HOLDING, BIS ULUSAL LOJİSTİK, DİLEK TEKSTİL, ERGO SİGORTA A.Ş.,
TÜVTÜRK, HIZIR VİNÇ, ARAS KARGO, BURSA TAŞIT MUAYENE, AKTES
DOĞALGAZ, DİREN YATIRIM, WEBER YAPI, DİMES, KREDİ GARANTİ
FONU, HAK-MET METAL, INAPA INVESTIMENTOS, ILICA HOTEL,
VOYAGE TURİZM HOTELCİLİK, BAYSAL TURİZM, MANCHES LLP, ETS
GRUP
Leasing Companies
 FORTİS LEASING, HALİÇ LEASING, A LEASING, BNP PARİBAS FİNANSAL
KİRALAMA A.Ş.
Public, Association, Union and Foundations
 MİLLİ SAVUNMA BAKANLIĞI, DARÜŞŞAFAKA CEMİYETİ, GALATASARAY
SPOR KULUBÜ DERNEĞİ, TÜRKİYE TURİNG VE OTOMOBİL KURUMU,
TOPLU KONUT İDARESİ-TOKİ, SOSYAL GÜVENLİK KURUMU, İSTANBUL
BÜYÜK ŞEHİR BELEDİYESİ-IBB, İMAR BANKASI EMEKLİ SANDIĞI VAKFI,
ORTA ANADOLU İHRACATÇI BİRLİKLERİ, RASİM AKSU YAPI
KOORERATİFİ, TARİŞ PAMUK ve YAĞLI TOHUMLAR TARIM SATIŞ
KOOP.BİRLİĞİ., GÜPGÜPZADE HACI EBUBEKİR AĞA VAKFI
Financial Institutions
 TEB-TÜRKİYE EKONOMİ BANK, AKBANK, CITIBANK, STANDART UNLU
BANK, OASİS CAPITAL BANK, TÜRKİYE İŞ BANKASI, GARANTİ BANK,
FİBA BANK, HSBC BANK, AAREAL BANK, ALTERNATİF BANK
CONSTRUCTION INVESTMENT PROGRES REPORTS
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AKBANK
GARANTI BANK
YAPI KREDİ BANK
T. İŞ BANKASI
KARDEMİR A.Ş.
ENBATI ELEKTRİK ÜRETİM SAN. VE TİC. A.Ş.
ANKARA LOJİSTİK YATIRMLARI VE AKARYAKIT A.Ş.
ERİA PRAMERİCA MED GAYRİMENKUL İNŞAAT YÖNETİM VE TİC. A.Ş.
T.C. BEYKENT ÜNİVERSİTESİ
ATA GAYRİMENKUL GELİŞTİRME YATIRIM VE İNŞAAT A.Ş.
ANTALYA AKVARYUM İŞLETMECİLİĞİ İNŞ. TİC. LTD. ŞTİ.
KILIÇBEY TURİZM İŞL. SAN. VE TİC. A.Ş.
EVA / May 2013
Regulated by RICS
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Tel. +90 216 665 36 36 Fax. +90 216 361 57 65
www.evagyd.com
Our company staff has served both for the appraisal of many real estates such as
Lands, Residences, Buildings, Plazas, Gas Stations, Hotels, Accommodation Facilities,
Golf Facilities, Shopping Centers, Logistics Buildings, Shipyards, Ports and Marinas;
and for the machinery & equipment park appraisal of various sectors such as
Quarries and Mines, Cement Factories, Oil Refineries, Fleets of Vehicles, Power
Generation Plants, Ship Building, and Textile.
9.) Appraisal Work, Definitions, Methods and Methodology
9.1.) Definitions and Methodology of Appraisal
Appraisal and counseling works may be required for various purposes. The
requirement may be for the “Market Value”; the estimated amount for which a
property should Exchange on the date of valuation between a willing buyer and a
willing seller in an arm’s-length transaction after proper marketing wherein the
parties had each acted knowledgeably, prudently and without compulsion, or the
Worth and Investment Value, Present Use Value, Mortgage Lending Value, Forced
Liquidation Value, Regular Liquidation Value and/or “Fair Value”1.
9.2.) Methods Used for Appraisal
The internationally-accepted concepts define four different appraisal approaches
(methods). These are “Sales Comparison Approach”, “Income Capitalization
Approach”, “Cost Approach” and “Development Approach”.
9.2.1.) Sales Comparison Approach
In this approach; the prices of similar properties to the appraised property are taken
into consideration. The properties are compared according to the sales/rental price,
its date, location, size, occupancy and physical status and all other related data. In this
study, the purpose is to estimate the value with a calculation based on the
comparison with similar properties exchanged in the market. The bids and quotations
of similar properties are also taken into consideration.
9.2.2.) Income Capitalization Approach
This method takes into consideration the income and expenditure data of the
property appraised with sales comparison approach, and the final value is estimated
through the capitalization method. This study can be performed with two
methodological approaches.
Direct Capitalization: This is the calculation of the real estate value by dividing
the potential net income to be generated by the property in a year to the
capitalization rate according to the current real estate market conditions.
1
The definitions of Fair Value and Market Value were redefined by RICS (Royal Institute of Chartered Surveyors) in 2008 and the
concept of “Fair Market value” was removed. The related modification has been published on the Sixth Edition of RED BOOK,
Valuation Standards.
EVA / May 2013
Regulated by RICS
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Yield Capitalization
This is the calculation of the potential net value in the future through the rental
or operation of the property for a logical sequence of periods,
And at the end of the sequence of periods, the calculated income is capitalized to
the date of appraisal in accordance with the valid economic conditions, and the
final value is estimated as a result.
9.2.3.) Cost Approach
In this technique, the value of the property is assumed as consisting of two different
physical aspects; the land and buildings.
In the cost approach, the property is appraised according to the cost that might occur
if the property was reconstructed, or according to the cost of the new construction.
The reconstruction cost also includes the estimated venture profit. In this method, it
is assumed that the property has a remaining economic lifetime.
Therefore, because the value of the property would decrease in times due to physical
depreciation, and due to functional and economic outdating; the depreciation is
deducted from the reconstruction value. In other words, it is assumed that the
building value of an existing property would never be higher than its reconstruction
cost. The calculated value is added to the land value in order to identify the final value
of both the land and the building.
During these studies, the building cost values are appraised according to the
Construction Unit Costs of the Ministry of Public Works, the technical characteristics
of the buildings, the construction materials consumed, the construction costs of the
similar buildings in the market, interviews with contracting companies, and our past
experiences.
The depreciation cost of buildings is calculated with the consideration of the visible
physical condition of the building and the table published on the Official Gazette,
which indicates the depreciation rates of buildings per years.
9.2.4) Development Approach
In this approach, one or more development projects proposed for the property can be
applied as the model. In this study, the designed project and/or projects that might be
realized on the land are modeled with assumptions. This modeling should be legally
and physically possible, financially feasible and provide the utmost economic
efficiency. With these studies, the projects are examined from the entrepreneur’s
point. Within the scope of the study, the current status of the sector that covers the
subject output of the project, and the prospective expectations are examined and
appraised. The costs to be incurred upon the realization of the project are estimated,
the marketing policies and general feasibility principles of the company are taken into
EVA / May 2013
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account, and the income-cost estimation is concluded with regard to the total income
and expenditure.
Considering the development, the general status of the sector, the statistical figures of
similar projects and the current economic conditions and expectations are taken into
consideration to determine the assumptions related with the project. As a result of
these studies, the performance of the project is estimated and the net present value is
calculated with the capitalization of the income to be obtained from the project.
Actually, this approach is in a sense, a different model of income capitalization
approach.
10.) Contact Us
Please do not hesitate to contact us for any requirements on appraisal and counseling,
or for any technical questions related with appraisal. Our specialists will reply you as
soon as possible.
EVA REAL ESTATE APPRIASAL CONSULTANCY COMPANY
Head Office
Bostanci E5 Kavsagi, Sebnem Sok. Tavukcuoglu Is Merkezi
No:10 Kat:5 34742 Bostanci Kadikoy Istanbul / TURKEY
Tel. +90 216 361 57 57
Fax. +90 216 361 57 65
e-mail: [email protected]
www.evagyd.com
Izmir Branch
Kultur Mah. 1378 Sk. Akademi Apt. No:6/A K:1, Daire:3
Alsancak/Konak/Izmir
Tel:
0232 422 22 53
Faks:
0232 422 02 71
Ankara Branch
Armada Is Merkezi Eskisehir Yolu No: 6 Kat: 14/1427
Sogutozu - Yenimahalle /Ankara
Tel:
0216 665 36 36
Faks: 0216 361 57 65
EVA / May 2013
Regulated by RICS
12
11.)
Our Managers, Founders and Staff
Cansel Turgut Yazıcı, who is the Company’s General Director and Managing Partner, has
business experience for more than 19 years on subjects of investment, development,
consultation and valuation in Turkish real estate market. Yazıcı became the first
personnel of Real Estate Valuation Consultation Company TSKB Real Estate Appraisal,
which had been the subsidiary company of Industrial Development Bank of Turkey for 5
years between 2003-2008, and in time been assigned to General Manager. Yazıcı, who is
a founder member of Association of Turkish Real Estate Apraisers, carried out Executive
Board Membership in the association for 6 years. Yazıcı, who continued duty as the
Founding Chairman of Lidebir - Association of Certified Real Estate Companies Union for
nearly two years, is one of the first certified real estate appraisers from Turkish Capital
Market Board (CMB). Also, she has the FRICS title, which is an internationally important
authorization license in valuation field. Yazıcı is selected as board member of newly
established Union of Turkish Real Estate Appraisers by Ministry of Internal Affairs. She is
also member of board of Association of Real Estate Investment Companies.
Zuhal Balsarı, who is the Company’s “Development Director”, has business experience
for more than 13 years on subjects of investment, development, consultation and
valuation in Turkish real estate market. She has started her business life in Turyap Real
Estate Appraisal Company in year 1999, and attend as manager between the years 20032008 in TSKB Real Estate Appraisal Company. She has employed in Standard Ünlü
Menkul Değerler A.Ş. in last 2,5 years in Real Estate Department as Manager. She is an
expert Certified from CMB.
Ozdil Sahin, who is “Director” in Appraisal Department of Eva Real Estate Appraisal
Company. She has a 12 years of business experience in Turkish real estate market,
especially on subjects of consultation, planning, valuation and appraisal. Sahin, employed
in TSKB Real Estate Appraisal Company in the period of 2005-2008 and who has taken
the task of Management in Special Projects Department, is an expert Certified from CMB.
She has also MRICS title.
Ozhan Yurtseven, who is the “Director” in Technical Department of EVA Real Estate
Appraisal Company. He has a 11 years of business experience in Turkish real estate
market, especially on subjects of construction and valuation. Between 2005-2008 years,
he accepted the administration duty together with Cansel Turgut Yazıcı in TSKB Real
Estate Valuation. Yurtseven is an expert Certified from CMB.
EVA / March 2013
Regulated by RICS
Tel. +90 216 665 36 36 Fax. +90 216 361 57 65
www.evagyd.com
Filiz AKKAYA is “Izmir Regional Director” of EVA PLUS Değerleme and has 7 years of
working experience in Turkish real estate market for real estate and real estate Project
development, site selection, appraisal and feasibility. Between 2006 and 2008, she
worked as a Real Estate Appraisal Expert for TSKB Gayrimenkul Değerleme A.Ş. Fort he
last 2,5 years, she worked as Izmir Branch Office Director at Reel Gayrimenkul
Değerleme A.Ş. Filiz AKKAYA is an appraisal expert with certification from the Capital
Market Board.
Burcu Hakan Ekol is the “Manager” of Appraisal Department within EVA Değerleme.
She has working experience of about 7 years in planning, consultancy and appraisal. Ekol
previously worked for GAYA Gayrimenkul Geliştirme Yatırım A.Ş. as a Project
development expert.
Bora Tunabay is the “Manager” at EVA Değerleme. He has working experience of about
5 years in appraisal. Tunabay previously worked for TSKB Gayrimenkul Değerleme,
together with Cansel Turgut Yazıcı.
EVA / May 2013
Regulated by RICS
9

eva real estate appraisal company company presentation

Transkript

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