Portfolio Valuation Completed in Record Time
Cushman & Wakefield won an RFP to perform the valuation, documentation and physical check of all landline related properties owned by Telefônica Brazil in São Paulo. This assignment encompassed producing the formal valuation reports for 594 assets and documentation checks for 814 assets in all 645 municipalities of the state of São Paulo.
With over 1,408 properties in total, Telefônica was under an extremely tight schedule and required the assignment to be completed in less than five months. Given the number of assets and their locations all over the state, a special team within Cushman & Wakefield was assembled, along with the hiring of third-party service providers, to complete the thorough documentation checks in the outlying locations.
Originated by our Capital Markets team, this opportunity created a new relationship for Cushman & Wakefield, and Telefônica has since hired the firm to perform other services. As well, this instruction opened the door for similar assignments in other Latin American countries and our team was recently invited by Telefônica for a potential new assignment that could be twice as large as the first one.