Real Estate

Full range of services for real estate companies across all project stages

The PwC Real Estate team provides solutions to challenges of any level of complexity.

Our team

The PwC Real Estate team comprises over 150 highly professional real estate experts.

Our experts provide auditing, tax, legal and a wide range of consultancy services to private and public clients. PwC has earned the trust of major developers, private business owners, construction companies and management companies in Russia and internationally.

Moreover, PwC organises its own business events, participates actively in leading industry conferences, and publishes high-quality research surveys and reports for top managers, investors, owners and rating agencies.

For more information on our services, please see below.

Our services

Business development and analysis

  • Assessing the profitability of real estate segments
  • Conducting comprehensive analyses of Russian regions and cities in line with a specific client's investment strategy
  • Developing investment strategies
  • Building costing models for real estate properties and portfolios
  • Structuring transactions
  • Supporting negotiations with buyers
  • Preparing complex valuation models
  • Monitoring and managing real estate portfolios
  • Financial modelling and model reviews
  • Conducting scenario-based analyses of crisis management measures
  • Conducting due diligence
     

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Management accounts and international financial statements

  • Diagnosing existing management accounting systems
  • Developing detailed solutions for optimising accounting systems
  • Providing methodological support and control over changes made in accounting systems
  • Benchmarking
  • Conducting training sessions for clients’ employees on applying IFRS
  • Assisting in preparing IFRS financial statements
  • Developing efficient solutions for complex auditing issues
  • Optimising business processes and document flow to ensure the timely submission of accounting data
  • Carrying out audit procedures
  • Automating the preparation of IFRS financial statements (Caseware)

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Tax optimisation and legal services

  • Optimising holding and financial structures
  • Identifying and reviewing existing tax liabilities
  • Developing controls over tax risks
  • Providing assistance in resolving tax disputes (e.g. VAT refunds)
  • Consulting on current and planned changes in tax legislation, including deoffshorisation and transfer pricing
  • Structuring investments in real estate
  • Drafting contracts
  • Legal due diligence of assets
  • Providing opinions on complex legal issues
  • Classifying movable and non-movable properties
     

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Risk assurance

  • Assessing and optimising business processes
  • Managing company risks
  • Auditing and analysing IT risks
  • Auditing outsourcing companies
  • Implementing SAP ERP
  • Assisting in fraud identification

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Raising finance

  • Determining optimal lending structures and costs
  • Optimising treasury functions and planning cash flows
  • Analysing a client’s level of IPO readiness
  • Finding investors and analysing stock exchange listing requirements
  • Drafting road maps to prepare for stock offerings
  • Assisting in preparing prospectuses
  • Reviewing existing debt covenants
  • Optimising accounting systems for generating mandatory reports
  • Developing projections of corporate performance to eliminate future non-compliance with covenants
  • Determining key risk areas
  • Coordinating communications with rating agencies

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Strategy consulting services

  • Devising portfolio management strategies using applied geographic information systems (GIS
  • Designing property management strategies, including for core and non-core assets
  • Implementing workplace solutions and optimisation
  • Analysing highest and best use for real estate property
  • Conducting business planning and feasibility studies
  • Developing conceptual designs for real estate projects

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Sayan Tsyrenov, Director, Real Estate M&A

“Real estate investments are complex transactions for which multiple aspects must be considered, such as the structure of a deal, the financing terms and data from recent deals, as well as the business, financial, tax and legal risks. PwC is the only adviser in the market that can offer both a full range of transaction-related services and access to our strong in-house expertise.”

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Anna Danchenok, Real Estate Consulting Leader

“I believe that each piece of real estate is designed to add value to the company to which it belongs. This is achieved primarily through effective management, the key to which is accurately forecasting changes in the market and promptly responding to such changes. This would be impossible without the use of new technology that integrates big data, market intelligence and geoinformation systems, as well as keeps track of the most recent trends around the world. This is why our team has the expertise needed to remain a step ahead of the market and to help our clients to maximise their income from owning real estate.”

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Natalia Kiseleva, Real Estate FS Leader

“The real estate sector is versatile. It offers both extensive potential for investment and considerable risks. A properly structured investment portfolio that accounts for the specific nature of each project enables control over financial flows. The PwC team is ready to help not only development companies but also major financial groups that own development assets."

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Contact us

Oleg Malyshev
Partner, Deals Leader, PwC Russia
Tel: +7 (495) 967 6138
Email

Elena Kopanyova
Real Estate Assurance Partner, PwC Russia
Tel: +7 (495) 967 6355
Email

Ekaterina Lazorina
Partner, Tax Services, PwC Russia
Tel: +7(495) 967 6370
Email

Inga Shakhnazarova
Partner, Head of PwC Legal's Real Estate, Construction and Environmental Law practice, PwC Russia
Tel: +7 (495) 967 6006
Email

Andrey Tonkonogov
Director, PwC Russia
Tel: +7 (495) 967 3198
Email

Alexander Ordinartsev
Partner, PwC Russia
Tel: +7 (495) 967-6000
Email

Antonina Eryukhina
Director, PwC Russia
Tel: +7 (812) 326 6683
Email

Mikhail Bazhenov
Partner, Capital Projects & Infrastructure, Debt Advisory Leader, PwC Russia
Tel: +7 (812) 326 6685
Email

Rustem Teregulov
Partner, Capital Markets Leader, PwC Russia
Tel: +7 (495) 967 6073
Email

Sayan Tsyrenov
Director, Real Estate MnA, PwC Russia
Tel: +7 (495) 967 6000
Email

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