A logistics complex is not a big warehouse — it is an infrastructure asset whose value lives in dock configuration, road and rail access, lease contracts and its position in the country's freight flows. The war has redrawn Ukraine's logistics map: inventories and distribution operations have shifted west and centre, and identically sized complexes in different locations now differ in value severalfold. That divergence is exactly what a professional valuation has to capture.
Kanzas values logistics real estate in Ukraine for domestic and international clients on an IVS-consistent basis, with English-language reports and mandatory site inspection carried out by our regional representatives across the country.
When You Need a Logistics Complex Valuation
- acquisition or disposal of a complex or a completed phase;
- construction financing and collateral — valuations updated phase by phase as completion progresses and the security package grows;
- periodic collateral revaluation for lending banks;
- IFRS financial reporting — fair value of investment property for audit;
- insurance — supporting the sum insured;
- war damage — quantifying damage to buildings and loss of stored inventories.
What Drives the Value
Location relative to transport corridors, EU border crossings and major cities has become the dominant factor of the war years. The class of the warehouse space — clear height, floor loading, column grid, dock density — sets the rent it can command; cold storage capacity adds value while narrowing the buyer pool; a rail spur and independent power generation carry a premium that pre-war underwriting rarely priced. On the income side, the analysis runs through the rent roll: rates, vacancy, indexation and tenant quality. The security dimension — distance from the combat zone, damage history, insurability — is now a standing chapter of any credible report on Ukrainian logistics assets.
For a leased complex the income approach leads: direct capitalization for stabilized assets, discounted cash flow for phased construction, changing occupancy or indexed rents. The market approach cross-checks the result against transactions in comparable assets; the cost approach is most useful for newly built stock and insurance purposes.
Our Experience
Logistics assets have passed through our practice above all in bank financing structures — from the initial valuation for loan issuance to scheduled collateral revaluations as construction phases reach completion and the security grows with them. We act for international owners and investors holding Ukrainian logistics assets; communication is in writing in English and the deliverable is an English-language report.
Questions and answers
Can you value a complex that is still under construction? Yes. The asset is valued reflecting the completion stage of each phase, with revaluations as construction progresses — the standard pattern in bank-financed logistics projects.
How is a logistics complex different from a warehouse for valuation purposes? A warehouse is a single building; a logistics complex is a property complex — several buildings, docks, access infrastructure, shared utilities. What is valued is the income capacity of the whole, not the sum of its parts.
Do you assess war damage to logistics facilities? Yes — both damage to the real estate and loss of stored inventories, under the officially approved damage assessment methodology. It is a distinct practice area of the firm.
How much does a logistics complex valuation cost? We quote a fixed fee and timeline after reviewing the asset composition, rent roll and purpose of the valuation — both are agreed before the engagement letter is signed.
We work with international clients in writing: email us at [email protected] or message us on Telegram, Viber or WhatsApp. Send the asset description for review and we will come back with a fixed quote and timeline.
Related services: Warehouse Valuation · Commercial Real Estate Valuation · Industrial Real Estate Valuation · Office Building Valuation · Inventory and Goods-in-Turnover Valuation
Related services: Valuation for Lending · Collateral Revaluation · War Damage Assessment · Due Diligence
