家乐福济南可行性研究报告，英文版，机密
1.0 INTRODUCTION..............................................................................1
1.1 INSTRUCTION..................................................................................................................1
1.2 VALUATION PRINCIPLES ................................................................................................1
1.3 CONFIDENTIALITY AND DISCLAIMER.............................................................................3
2.0 SITUATION AND THE LOCALITY..............................................4
2.1 LOCATION ......................................................................................................................4
2.2 LOCALITY AND SURROUNDING DEVELOPMENTS...........................................................5
2.3 ACCESSIBILITY...............................................................................................................6
3.0 PROPERTY DETAILS .....................................................................7
3.1 DESCRIPTION OF THE DEVELOPMENT ............................................................................7
3.2 DESCRIPTION OF THE PROPERTY....................................................................................7
3.3 CONSTRUCTION, BUILDING SERVICES AND FINISHES....................................................9
4.0 OCCUPANCY AND TENANCIES................................................10
5.0 TITLESHIP AND LAND USE CONDITIONS ............................10
5.1 TITLE PARTICULARS.....................................................................................................10
6.0 VALUATION METHODOLOGY.................................................11
6.1 DIRECT COMPARISON METHOD ...................................................................................11
6.2 INCOME APPROACH......................................................................................................11
7.0 VALUATION CONSIDERATION................................................12
7.1 RETAIL SALES COMPARABLES.....................................................................................12
7.2 RETAIL RENTAL COMPARABLES..................................................................................23
7.3 VALUATION ASSUMPTIONS..........................................................................................25
7.4 RECONCILIATION OF TWO APPROACHES .....................................................................26
8.0 VALUATION CONCLUSION.......................................................26
