DUN'S 100 - 2016

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Construction & Real Estate
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3 Real Estate Consultation - Projects Accompaniment
RANK
Haushner Malul Eng. & Real Estate Appraisal Ltd.
Haushner Malul Eng. & Real Estate Ap-
praisal Ltd. is one of Israel’s leading
engineering and appraisal companies.
The company was founded in 1991 by real estate
appraiser and civil engineer, Oded Haushner and
in 2008, he was joined by real estate appraiser
and accountant Yaron Malul, as Partner.
The firm is known for its professionalism, inno-
vation and creativity, expressed in all areas of
activity. The firm rigorously provides high levels
of client-focused service, while identifying their
needs. The firmmeets quality standards and is one
of the only Israeli appraisal firms with ISO 9001
certification (since 1998) and ismeticulous in ap-
plying structured and orderly work procedures, in
all contacts with clients.
The firm’s clients include construction and real es-
tate companies, income- producing property, busi-
nesses, banks, insurance companies, credit funds,
businesspeople, developers, contractors, local
planning and building committees and courts.
Over the years, the firm has worked with all of Is-
rael’s banking system and insurance companies
(financial institutions) to provide real estate valu-
ations, with no limits, is authorized to supervise
construction projects (financial support) and is ap-
proved by the courts to provide expert reviews.
All work stages undergo a double and strict au-
diting process, whether real estate appraisal
for financial institutions, companies or private
entities, or financing support for construction
projects, economic consultancy, assessing real
estate according to IFRS international accounting
standards including valuations, representation
before the authorities, value reduction, building
defects, etc.
Practice Areas
Real Estate Appraisal Department: specializes in
assessments for overall real estate assets includ-
ing income-producing assets for commerce, offic-
es, industry, logistics, gas stations, hotels, senior
citizens homes/sheltered housing, family farms,
agricultural land (including rezoning), lots zoned
for homes, etc. the Dept. also writes reviews for
the courts, arbitrations and appointments, reviews
on tax and enhancement levies, and real estate
betterment tax, representation in value reduction
suits (according to clause 197 of the Planning and
Building Law), objection reviews to the Israel Land
Administration assessor, and representation in
procedures against them. The Dept. even provides
adjustment tables for real estate rights owners,
and advises planning and building committees
on enhancement levies, dividing rights, drafting
adjustment tables, economic viability, etc.
Supporting Projects – Divided into two sub-de-
partments: “O” reports and supporting building
projects. The sub-departmentsworkin full synergy
for the client’s benefit.
“0” Reports Department – Provides services for a
broad range of clients, including banks and credit
providers, contracting companies, developers, pri-
vate contractors, buyers groups and more. The
dept. drafts initial reports to examine economic
viability for building a project before bank financ-
ing is received for its purchase/construction.
To find out about economic viability, the report is
rigorously examined for the legal planning situa-
tion of the designated project including detailed
estimates of overall costs for construction, estimat-
ing expenses, and valuing the project’s real estate.
The firm is highly experienced in drafting “0” re-
ports for all types of projects, such as residential,
commercial, industrial, gas stations, hotels, shel-
tered housing, Pinui U’Binui, TAMA 38, etc.
Supporting Projects under Construction: The Dept.
drafts periodical reports including engineering
supervision, and accounts auditing, and routine
economics during the project’s construction from
receipt for financial support from the loaning bank
through receipt of completion forms, and approval
to inhabit the project. The report examines param-
eters such as whether the developer meets the
terms of the agreement, checking building per-
mits and the impact of any changes, checking the
implementation agreement comparedwithmarket
prices and for milestones to the release of funds.
Construction progress is also examined and sales
contracts and terms including adjusting contract
prices to acceptable market prices. The Dept. is
responsible for theway the budget is used, approv-
ing budget charges on the construction budget
account subject to checking their place in the proj-
ect and tracking VAT movement in the supported
person’s account. All procedures carried out in the
project are audited for coordination between the
bank and client.
IFRS Dept.: Drafts opinions according to regula-
tion 17.1 “minimal details are required for real
estate appraisal work conducted for reporting
according to the Securities Law 1968 and apply-
ing accounting regulations” from June 2010. The
Dept. also drafts opinions for stock exchanges
prospectuses.
Throughout the year, the Dept. drafts opinions
for many public and private companies in quar-
terly, half year or annual form. After working with
the banks for many years, the Dept. works in full
coordination with appraisal departments for sav-
ings on costs to those ordering opinions and can
convert the opinion, if needed, to Regulation 19
(bank regulation).
Civil Engineering: The Dept. provides complemen-
tary services for real estate appraisals and financ-
ing support. The firm is appointed by courts as
an expert in value reduction caused by building
defects and prepares opinions for them, serving
as a one-stop-shop for all the client’s needs “under
one roof.”
The Partners
Oded Haushner – Founder & CEO – Member of
the Real Estate Appraisers Association in Israel,
Member and Chairman of the Auditing Committee
of the Academy for Real Estate Appraisal and Appli-
cation in Israel, Member of the Chief Government
Appraiser and private appraisers team for forming
guidelines for valuing gas stations andMember of
the Professional Panel of the Appraisal Regulation
Committee.
Yaron Malul Partner & VP – Member of the Real
Estate Appraisers Association in Israel, heads the
Project support Dept. since 2006 and Partner and
VP since 2008. He has major practical and com-
prehensive experience in all areas of real estate
appraisal and specializes in project support.
Esta b l i s h e d
1991
L i n e o f B u s i n ess
Real Estate Appraisal, Project
Support and Real Estate
Consultancy
Beit Rubinstein, 20 Lincoln St., Tel Aviv
Tel: 972-3-6254688���
Fax: 972-3-6254621
Yaron Malul
Partner & VP *
Avikam Kaduri
Manager Appraisal Dept.
Karen Dishi-Elor
Manager “0” Reports
Dept.
Ghanim Attili
Manager IFRS Dept.
Oded Haushner
Founder & CEO *
* See Top Executives Profiles - Page 582