Real Estate

The PwC Real Estate team provides comprehensive support in connection with real estate

The PwC Real estate team has many years of experience in this industry with an in-depth understanding of local and regional markets, and experience in providing a full range of services to help create value for clients across various real estate, hospitality and warehouse industry segments. These include:

  • Real estate research
  • Operational and internal control review
  • Feasibility studies
  • Portfolio restructuring and management
  • Commercial due diligence
  • Company restructuring
  • Financial modelling
  • Asset acquisition and disposition
  • Valuation services
  • Operator search and selection
  • Real estate tax

Moreover, our experts provide auditing, tax, legal and a wide range of consultancy services to private and public clients. PwC has earned the trust of major private business owners, construction companies and management companies in Kazakhstan and across the CIS countries.

Services we offer

Business development and analysis

  • Assessing the profitability of real estate segments
  • Conducting comprehensive analyses of Kazakhstan and cities in line with a specific client's investment strategy
  • Developing investment strategies
  • Building costing models for real estate properties and portfolios
  • Structuring transactions
  • Supporting negotiations with buyers
  • Preparing complex valuation models
  • Monitoring and managing real estate portfolios
  • Financial modelling and model reviews
  • Conducting scenario-based analyses of crisis management measures
  • Conducting due diligence

Management accounts and international financial statements

  • Audit of the financial statements prepared under IFRS
  • Carrying out audit procedures
  • Developing efficient solutions for complex auditing issues
  • Assisting with complex IFRS conversions , transaction accounting (including post deal accounting and valuation), carve out financial statements and general support with accounting standards change
  • Conducting training sessions for clients’ employees on applying IFRS
  • Assisting in preparing IFRS financial statements
  • Diagnosing existing management accounting systems
  • Developing detailed solutions for optimising accounting systems
  • Providing methodological support and control over changes made in accounting systems
  • Optimising business processes and document flow to ensure the timely submission of accounting data
  • Automating the preparation of IFRS financial statements

Tax optimisation and legal services

  • Optimising holding and financial structures
  • Identifying and reviewing existing tax liabilities
  • Developing controls over tax risks
  • Providing assistance in resolving tax disputes (e.g. VAT refunds)
  • Consulting on current and planned changes in tax legislation, including deoffshorisation and transfer pricing
  • Structuring investments in real estate
  • Drafting contracts
  • Legal due diligence of assets
  • Providing opinions on complex legal issues
  • Classifying movable and non-movable properties

Risk assurance

  • Assessing and optimising business processes and internal control systems
  • Managing company risks
  • Evaluating Internal Audit and Risk Management functions
  • Auditing and analysing IT risks
  • Auditing outsourcing companies
  • Implementing SAP ERP
  • Advising on corporate governance

Raising finance

  • Determining optimal lending structures and costs
  • Optimising treasury functions and planning cash flows
  • Analysing a client’s level of IPO readiness
  • Finding investors and analysing stock exchange listing requirements
  • Drafting road maps to prepare for stock offerings
  • Assisting in preparing prospectuses
  • Reviewing existing debt covenants
  • Optimising accounting systems for generating mandatory reports
  • Developing projections of corporate performance to eliminate future non-compliance with covenants
  • Determining key risk areas
  • Coordinating communications with rating agencies

Strategy consulting services

  • Devising portfolio management strategies using applied geographic information systems (GIS)
  • Designing property management strategies, including for core and non-core assets
  • Implementing workplace solutions and optimisation
  • Analysing highest and best use for real estate property
  • Conducting business planning and feasibility studies
  • Developing conceptual designs for real estate projects

Contact us

Natalya Lim

Natalya Lim

Strategy& and PwC Advisory Leader of Eurasia Region, PwC Kazakhstan

Tel: +7 727 330 3200

Fedor Zakharenko

Fedor Zakharenko

Director, Valuation and Strategy, PwC Kazakhstan

Tel: +7 727 330 3200

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