DUN'S 100 - 2016

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Construction & Real Estate
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2016 | DUN’S 100 DUN’S 100 | 2015
DUN’S 100 | 2016 2016 | DUN’S 100
2 Real Estate Consultation - Projects Accompaniment
RANK
Yaron Spector Appraisal of Real Estate Ltd.
Yaron Spector Real Estate Appraisal Ltd.
was founded in 1999 by Mr. Yaron Spec-
tor, who is a licensed real estate appraiser
and economist, and holds an MBA. The company
has been managed by Mr. Spector since then.
The company is known for his solidity, professional
excellence, stability andmany years of experience,
as well as its in depth knowledge in the area, ben-
efit its clients. The unique advantage of the firm,
which is one of the largest real estate appraisal
firms in Israel, that it is among a few firms in Israel
appearing as a qualified authorized appraiser on
the official lists of all Israeli banks. Yaron Spector
Real Estate Appraisal Ltd. provides its clients with
real estate appraisal services, supervision of con-
struction loans, and assistance regarding improve-
ment taxes, lawsuits (in accordance with regulation
197 of the Planning and Building code), unification
and division tables. The company’s employees have
in-depth and vas t knowledge of the real estate field
in Israel andmany years of expertise in fields which
are central to the realm of real estate.
The firm’s uniqueness relies, among others, on the
fact that it is included in the list of appraisers au-
thorized for professional opinion on credit collateral
and financial accompaniment and/or the fact that
it operates as supervisors on behalf of the banks
in the framework of financial accompaniment of
all the banks in Israel, in any area, any asset value
countrywide and any area of activity. This is due to
the firm’s size as well as the good reputation that it
gained over the years. Among said banks are: Bank
Hapoalim, Israel Discount Bank, Mizrahi Bank, Tefa-
hot Bank, The Discount Bank for Mortgages, Bank
Leumi, Mercantile Discount Bank of Israel, The First
International Bank, BankOtzar Hahayal, The Jerusa-
lemBank, BankMishkan, Shipping Bank, The Conti-
nental Bank, Union Bank of Israel, HSBC Bank.
Areas of Activity
Real Estate Appraisal - The field of real estate ap-
praisal at Yaron Spector Real Estate Appraisal Ltd.
includes valuations, opinions regarding Improve-
ment taxes, compensation for decline in value in
accordance with regulation 197 of the Planning
and Building Code and unification and division of
properties.
Zero Reports (Financial Advisability) - The zero
reports department deals in the examination of the
financial advisability for real estate development
projects as well as balance tables and division of
apartments among partners.
Supervision in the framework of financial accom-
paniment - In the framework of this field, Yaron
Spector Real Estate Appraisal Ltd. handles ongoing
supervision reports for projects underway.
Departments
The firm has three departments which have devel-
oped expertise and professional experience over
many years in their respective fields, utilizing the
firm’s size advantage and interchanging informa-
tion. The departments are: real estate appraisal,
zero reports and supervision in the framework of
financial accompaniment. The real estate appraisal
department specializes in the full range of services
such as commercial estimates of various real estate
properties including yielding real estate, commercial
centers, old age homes, protected housing, hotels,
gas stations, agricultural land, residential buildings
and more. (as already mentioned, the firm is on
the list of approved appraisers authorized to pro-
fessional opinions for credit collateral for all Israeli
banks). The department also deals in various types
of arbitration including opinions for legal courts,
for taxation purposes such as improvement taxes
and other real estate fees, for stock market fore-
casts including reports of public companies in ac-
cordance with the IFRS. These opinions are given
to implement the IFRS at the financial reports of
Israeli real estate companies in accordance with the
Israeli Securities Authority’s regulations. The depart-
ment also specializes in representation in cases of
decreased value of real estate (in accordance with
Regulation 197 of the Planning and Building code),
preparation of balance tables in accordance with the
Local Planning and Building code; The department’s
staff includes experienced appraisers and econo-
mists in the field of taxation, law and real estate
development. The department’s work is based on
various databases developed by the firm throughout
its years of operation. The department managers
are: Mr. Gilad Gelbaum, a real estate appraiser and
MBA, and Mr. Ronny Cohen, an economist and real
estate appraiser. The staff of the zero reports depart-
ment includes experienced appraisers, lawyers and
economists, experts in taxation, planning, legal as-
pects and real estate development. This department
works using a variety of databases, developed by
the firm throughout its years of operation. Financial
advisability reports for real estate development proj-
ects (zero reports) present a business examination
before obtaining banking financing for the project
construction (financial accompaniment).The report
includes, among others, a planning examination of
building rights, legal examination of property rights,
and indices of development costs and expected
revenue from the project. Such reports are prepared
for all kinds of projects including residential, office,
commercial, industrial, hotels, protected housing,
gas stations, residential clusters, and so on. The
manager of this department is Mr. Gil Siton, City
planner (MA), lawyer and real estate appraiser.
Yaron Spector Real Estate Appraisal Ltd. provides
ongoing supervision of financial accompaniment
for all Israeli banks on projects on construction
loans, The firm has an excellent reputation among
both project developers and banks. Services pro-
vided by the Financial accompaniment department
include ongoing financial accompaniment reports
with ongoing engineering and economic supervi-
sion during the construction of the project.
The department staff includes economists, real es-
tate appraisers and civil engineers who specialize
in oversight of building projects and their budgets.
The department has a great deal of experience in
all types of projects including complex “Evacua-
tion and Build”, National Outline Plan 38 as well
as residential clusters, protected housing, shop-
ping malls, hotels and industrial buildings. The
department’s manager is Mr. Golan Vakrat who is
a civil engineer.
Clients
Among clients include various developers, contract-
ing companies, commercial companies holding real
estate properties and local/district committees for
planning and building, courts, etc.
Esta b l i s h e d
1999
L i n e o f B u s i n ess
Real Estate Appraisal, Financial Accompaniment
l e a d i n g e x ecu t i v es
Yaorn Spector General Manager, Owner & Founder
Gil Siton Manager of Zero Reports Department
Golan Vakrat Manager of Supervision Department
Ronny Cohen Manager of Real Estate Appraisal Department
Gilad Gelbaum Manager of Real Estate Appraisal Department
Ashdar House, 53 Igal Alon St.,
Tel Aviv 6706206
Tel: 972-3-6878111
Fax: 972-3-6872444
Yaron Spector
General Manager, Owner
& Founder *
* See Top Executives Profiles - Page 582