REAL ESTATE INVESTMENT CONSULTANCY

Eron Group offers investment consultancy services on how to use real estate investments in the most effective way by establishing the right connections in the risk, cost and opportunity cycle with academic studies and internationally accepted technical analysis methods.
Decisions about real estate; In order to create the most efficient and value-added solutions in terms of correct timing and market positioning, real estate and economic trends are closely monitored and the most suitable solutions are suggested for you.
Major investment advisory services;

It constitutes the service we provide on how to provide the maximum return with the most accurate distribution of the existing real estate portfolio or the real estate portfolios that are considered to be invested. As Eron Group, we inform the relevant companies about the details, limitations, risks and values of the real estate portfolios, and the real potential of the property is revealed by determining the appropriate uses of the real estates according to the corporate investment strategies. By defining real estate as a whole, strategies are developed for how to maximize potential revenues. Within the scope of this process, the following steps are followed.

Real estate inventory is prepared and examined under four main headings. Legally Restricted Real Estates, Real Estates whose Economic Life is to be Completed and Real Estates with Expected Decrease in Value and Expected Increase in Value.
As a result of the determinations to be made for real estates; Considering the physical structure of the real estates and the potential returns of the profits in the light of cost benefit analysis, the development strategies for the future real estate are determined for the corporate decisions of the companies.
Our solution proposals for real estates that are determined to be legally risky, close to the end of their economic life, and whose value is declining, guide the taking of the best and most effective decisions.
The evolution of the real estates in the portfolio over the years is examined and their efficiency and value changes are followed.
If you want to invest in real estate as a corporate; According to the real estate types you have determined, market researches are made and what kind of real estate investments should be made in which region, opinions and suggestions are given in line with the market and real estate trends.

Capital investment provided by the investor or loan financing by financial institutions for new constructions, real estate development, urban renewal, urban transformation and functional changes imposes certain risks on real estate investors and financial institutions. The services provided as architectural and engineering projects related to investment, budget, work schedule, contracts, construction progress, investment expenditures, credit control, examination of legal data and current situation, compliance and control of official documents, regular monitoring of costs and expenditures are revealed through risk analysis. It allows early identification of potential risks.
Eron Group professionals provide consultancy services in the management and monitoring of capital financing in all investment projects.
The Construction Monitoring Process covers the process of collecting data about the progress and realization of the project and organizing this information. The systematic collection and analysis of this information and the interpretation of the data constitute the most important stage of the process. The information obtained allows evaluations to be made about the stage of the project and how much of it has been realized. The construction progress report, which will be prepared on a periodical basis, covers up-to-date information on the physical realization level of the project, the project inventories, and the realizations regarding the spent cost items. The Construction Monitoring process helps to minimize risks with successful risk analysis studies.
As Eron Group, it undertakes an audit task on behalf of the institution providing loan financing to the project or the investor who invests its capital. The customer is informed about all positive or negative factors that may affect the project with initial, interim and final reports.
During the project, Eron Group supports you in the following areas:

  • Work Program Eligibility Determination
  • Budget Targets
  • State of Physical Realization
  • Compliance Check with Relevant Laws and Regulations
  • Review of Legal and Current Use of Building Areas
  • Spent Cost Control
  • Inception Report: It is the first report prepared about the project and its main purpose is to inform the customer about the determination of whether the project has started in line with the planned targets.
  • Interim Reports: It is made regularly every month / bimonthly / quarterly at the time intervals you choose after the initial report. The main purpose of the report, which is produced to inform the customer, is the level of the project in line with its objectives, and if there are deviations, a report is created by examining their effects on the project.
  • Final Report: It is published within one month after the completion of the project. The main purpose is to inform the client about the results of the project.

Eron Group develops location selection strategies for various sectors (shopping mall, logistics/industrial facility, retail, etc.). The concept of location selection refers to the determination of the location with the best advantages according to various criteria in the short and/or long term. Site selection strategy is the study of choosing the most suitable site for the investment to be made. The most effective factors that play a role in site selection are service availability and cost. Costs are considered as fixed and variable costs. The main factors affecting the cost are the various costs that occur according to the sector. Such costs for logistics facilities are transportation and storage costs.
The site selection strategy is a decision that requires macro and micro perspectives, which includes the size, geographical locations and numbers of the real estate, and which is at the level of long-term strategic planning.
Ex: Site Selection Strategy According to Logistics Centers
In the macro analysis, the geographical location of the targeted real estate is examined. The size and location of the real estate to be built are determined by considering the customer service level and costs.

There are three basic systematics in macro analysis:

  • Positioning according to the market: Since the level of customer service, the service life offered, and the high distribution costs of the products are taken into consideration, the location is chosen at points close to the customer.
  • Positioning according to the raw material: Since the life of the raw material and proximity to the locations and the high supply costs are taken into consideration as priority, the location is chosen at the points close to the supply source.
  • Positioning according to the optimal point: Here, positioning according to both the market and the product is taken into account in certain weights.

In micro analysis, the following factors are taken into account in determining the warehouse location within the selected geographical region:

A) Quantitative Factors:

  • Proximity; It can be taken into account on the basis of Duration, Distance, Number of Trips, Shipping Cost.
  • Proximity to Customers
  • Proximity to Suppliers
  • Proximity to Customs (Import-Export)
  • Land and/or Construction Cost

B) Qualitative Factors:

  • Zoning Status (type, equivalent value, height, etc.) and Possibility of Change, Expropriation Risk,
  • Location (visibility, advertising impact, etc.)
  • Proximity to Current and Future Major Access Routes, Availability of Option Transport Facilities (road, rail, sea and air)
  • Land Topography and Soil Properties
  • Infrastructure (electricity, water, natural gas, data, sewerage, waste, transportation, etc.) facilities, continuity
  • Ease of Access for Personnel, Personnel Availability, Personnel Service
  • Traffic jam
  • Disaster Risk, Insurance Fee
  • Neighboring Land and Buildings (activities carried out)
  • History of the land (previous owners and activities)
  • Expansion Possibility
  • Existence of Areas Suitable for Vehicle Maneuvering
  • Taxes and Incentives
  • Environmental Impacts (Proximity to Housing, etc.)
  • For the location selection of the real estate to be developed by Eron Group professionals, location selection strategy service is provided within the scope of the most rational location and location analysis studies, taking into account raw material, energy, workforce, proximity to the market, natural conditions, transportation opportunities, development potential and many other factors.

REAL ESTATE DEVELOPMENT CONSULTANCY

Real estate development service provided by Eron Group; It covers consultancy services at all stages from the construction process to the sale of the project to be structured after the land acquisition to be developed.
In order for the Project to be completed in a good and effective manner, strategies to reduce the marketing risk of the Project are determined by making the project capable of serving all the needs of real estate users, to differentiate it from its competitors in the market, and to increase the competitive power in the market for leasing/sales.

Real Estate Development Consultancy service mainly focuses on four subjects.
Within the scope of the project, answers to development are sought in Market research & analysis, Most Efficient & Best Use Analysis, Economic Feasibility Modeling and Concept Development studies.

Market analysis is the most important part of the work to form the basis for the Most Efficient & Best Use Analysis. Market analysis includes defining the real estate and its immediate surroundings, determining the demand and supply. The results and assumptions at the end of the market analysis are also used in financial feasibility studies. Market analysis is an ongoing process not only before the Most Efficient & Best Use Analysis but also during the feasibility period. Market analysis studies continue during the development period and management stages of the project.
In order to form a basis for market research, Most Efficient & Best Use Analysis, the uses allowed by the mer-i plan conditions are determined, and in projects that will compete in the market for these uses; Market research is carried out according to the usage types and components of the projects.
Based on the project types to be developed on the land according to the developer’s brand power and sales capabilities, the figures that the developer can rent or sell are estimated after the results of the market research.

It is the most important phase of the real estate development process and seeks answers to what type, how, when and where the real estate will be developed. In the real estate development process, it is aimed to select the type of use that will be maximum efficient by testing the most efficient & effective use analysis of a property’s physical feasibility, legal permissibility and financial feasibility.

Real estate investors take risks in the process of profit expectations in return of the capital they invest. In order to calculate the revenues of a real estate development project, certain financial and economic assumptions must be made beforehand. With this service we provide, the decision of the developer to take the risk is revealed by supporting the decision of whether or not to be involved in the project. For this reason, feasibility studies carried out before the investment are of great importance.

Economic Feasibility Modeling Simulation

  • Identification of the real estate and its immediate surroundings,
  • Demand Analysis,
  • Supply Analysis,
  • Determination of Areas to be Sold & Rented,
  • Cost Analysis
  • Financing Cost
  • Financial Analysis
  • Valuation

In the economic feasibility process; Market analysis is completed by defining the immediate environment of the real estate project to be developed. In the light of market analysis, the supply and demand balance is determined and the real estate areas to be sold / rented are determined and the potential income to be obtained from this area is calculated. The construction and financing costs of the project are determined and an evaluation is made with financial analysis.
The chosen direction of movement of the real estate project to be developed is defined as feasable if there is a reasonable result in achieving the clearly defined target within certain constraints and available resources. The investor is informed about this situation and the other steps of the real estate development process are started.

After the boundaries of the real estate project to be developed are determined at the feasibility stage, whether the ideas produced have a place in the market should be determined long before the production stage. Therefore, research methods such as survey, trend trend, one-on-one interviews and user testing are applied to determine the behaviors, preferences, tendencies, habits, values of potential users.
According to the results of these researches, concept development details that can add value to the real estate project are determined.
Concept development details;

  • Target audience definition
  • Competitor project concept and mix use research
    Advantages, disadvantages, pros and cons of the project to be developed against competing projects
  • Within the scope of the project to be developed, preparing the unit typology and creating the m² distribution on the basis of type, and presenting alternative proposals,
  • Evaluating the compatibility of the functions with the project concept within the scope of “functional integrity”,
  • Analyzing the site plan, common social equipment, parking lot and recreation areas to be created by the architectural team, and presenting the elements that will affect the value of the real estates as suggestions.
  • Making suggestions on “Differential Criteria” by determining “must-haves”,
  • A concept suitable for the project is developed and consultancy services are provided for sales and marketing activities.