Adval Asset Management Srl ("Adval") is an independent Romanian Real Estate Management Company set up and owned by a team of professionals with strong expertise in real estate management, business management, commercial and investment banking, real estate development, financing, tax, legal and marketing.
With over Euro40mn (38,000sqm) of assets under management , Adval has become a market leader in the Real Estate Management of office, industrial, retail and residential properties across Romania.
Adval creates additional value to our clients through:
With our depth of experience on the Romanian market and strong links with the banking industry we are well aware of all the opportunities available in the Romanian market, not just the assets being sold through agents but also off market transactions as well as real estate secured loans and REO’s that are now being offloaded by the banks.
With funds available for co-investing and the team and infrastructure having the full set of skills to manage the investment process from acquisition through to exit; we are fully aligned with clients interested in investing in Romanian real estate.
We create additional value through lease management by optimizing space and reducing vacancy. Our experience, network and exposure allow us to know what is happening in the market. We are therefore able to react quickly to the active requirements and conclude leases that create value for our clients, as evidenced by our more than 90% occupancy ratio.
We make significant cost savings through economies of scale and investment in technology. Streamlining property management will reduce non-recoverable costs as well as service charge for tenants making the assets more commercially attractive.
While the local banks were not really lending we were sourcing mezzanine and bridge finance from international markets which allowed us to successfully renegotiating loan extensions and debt terms, reaching agreements that extended maturities. Now that the lending markets are opening up we are looking to restructure our clients portfolio’s to reduce overall borrowing costs and align financing with our clients longer terms investment strategy.
We work with our tenants to provide the accommodation they need, we work hard to retain tenants in our buildings with competitive renewal options well ahead of existing lease expires as well as ongoing technical support to make their use of the space comfortable.
Adval is an owner managed business platform that has assembled a team with strong local asset management capability, with its core management specialized in real estate asset management, business management, commercial and investment banking, real estate development, financing, tax, legal and marketing.
Adval provides services such as Asset Management, Property Management and Accounting Services, Financing and Refinancing, Corporate Restructuring and Portfolio Management.
David has more than 18 years' experience in the real estate business since qualifying as a Chartered Accountant with PricewaterhouseCoopers. David worked at Morgan Stanley London where he was Head of European Real Estate Controllers overseeing MSREF and MSRESS fund investments in Germany, France, Spain and the UK. In 2007 David moved to Bucharest to be the CFO of a number of real estate funds for which he raised E85mn of investment commitments.
In 2008 he founded Richmond Management which was Investment Advisor to the Curzon Capital Residential Investment Fund acquiring E5mn of residential projects in Bucharest. David then joined Quintet (later to become DPGS) as a key advisor to Dinu Patriciu on all aspects of real estate.
T: +40 (0) 31 104 0035
F: +40 (0) 21 361 1166
office@advalmanagement.com