Romanian real estate appraisal company buys art appraisal firm before listing on BVB



The Romanian company Appraisal & Valuation, one of the largest real estate appraisal companies in the local market, has acquired the online platform, which specializes in the valuation of works of art.

The deal comes as Appraisal & Valuation prepares to list its shares on the AeRO market of the Bucharest Stock Exchange.

“Appraisal of art objects is an area that complements the range of appraisal services offered by our company. This is fully consistent with the vision of our company, which implies constant horizontal development, adding new value-added services to existing ones, ”said Andrey Botis, CEO of Appraisal & Valuation.

Appraisal & Valuation SA, founded in 2010, owns the NAI Romania brand and at the same time is one of the leaders in the valuation services market.

NAI Global is a network of independent commercial real estate companies and one of the world’s largest commercial real estate service providers.

The company completed a private placement in June and will list its shares on the AeRO market in the third quarter of this year under the ticker APP.

(Photo courtesy of the company)


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