The Kanzas company provides independent office appraisal and valuation services for office premises located in Ukraine — from a single office unit in a business center to entire office floors and administrative buildings held on a company's balance sheet. Our clients are international companies, investors and lenders who need a reliable, defensible opinion of value for an office asset in the Ukrainian market.
Office property is one of the largest segments of our practice: over more than 20 years we have valued a great number of office premises for bank lending, collateral revaluation, purchase and sale, and contribution to charter capital. Our team has taken part in collateral portfolio revaluations for over 50 Ukrainian banks, including some of the country's largest — office premises form a substantial share of those portfolios.
When foreign companies need an office appraisal in Ukraine
- Acquisition or disposal of office premises by a foreign investor or a Ukrainian subsidiary of an international group;
- Secured lending and collateral monitoring — independent valuation for banks and other lenders financing Ukrainian assets;
- IFRS financial reporting — fair value measurement of office property under IAS 16, IAS 40 (investment property) and IFRS 13, for group reporting and audit;
- Market rent valuation — an independent opinion of market rent to support lease negotiations, intra-group leases and rent disputes;
- Corporate transactions — contribution of property to charter capital, restructuring, exit of a shareholder;
- Litigation and arbitration — valuation support in commercial disputes involving Ukrainian office assets.
What office property we value
- office units in business centers and administrative buildings;
- built-in and attached non-residential premises used as offices;
- office blocks and entire office floors;
- offices held as fixed assets of a Ukrainian enterprise;
- offices converted from residential stock.
Where the subject is an entire office building or business center with land, utilities and a tenant pool, this is a separate engagement — see office building and business center valuation.
Valuation approaches and standards
Office premises in Ukraine are valued under the national valuation standards, which are methodologically consistent with the International Valuation Standards (IVS): the sales comparison, income and cost approaches. For income-producing office space the income approach is normally the leading one — direct capitalization of net rental income or, where cash flows are unstable, the discounted cash flow method. The result is a market value conclusion that international lenders, auditors and investment committees can rely on.
Our team includes valuers holding international certifications, and for cross-border engagements reports are prepared in line with IVS requirements. For assets located in Ukraine the valuation is performed by state-certified Ukrainian valuers, as required by Ukrainian law.
Inspection and documents
Ukrainian valuation law makes a physical inspection of the property a mandatory stage of the engagement: the valuer identifies the premises and records their actual condition on site. For international clients we arrange the inspection directly with the local asset manager or tenant — your presence in Ukraine is not required.
For the valuation we will typically need:
- title documents (extract from the State Register of Property Rights);
- technical passport and floor plans;
- lease agreements — where the income approach is to be applied;
- book value data, if the office is carried as a fixed asset.
Fees and timing are agreed for the specific property and purpose of valuation. Send a brief description of the asset to [email protected] — we will respond with a fixed quote and schedule.
Questions and answers
How much does an office appraisal in Ukraine cost? We quote a fixed fee and timeline once you send the key data on the premises (floor area, location, available documents) and the purpose of the valuation. The scope is agreed before the engagement letter is signed.
Can the valuation be used for IFRS group reporting and audit? Yes. Fair value measurement of office property for IFRS reporting is a routine engagement for us; the report is prepared so that it withstands review by auditors, banks and regulators.
Do you value market rent as well as capital value? Yes. An independent market rent opinion is a separate, frequent engagement — it is used in lease negotiations, for intra-group lease arrangements and in rent disputes, including court proceedings in Ukraine.
Related services: Office property market analysis · Fixed asset revaluation · War damage assessment
