With the aim of continuing to use the land in the Port of Valencia in order to carry out operations over a specific period of time, Noatum, a port and logistics operations company, engaged Gesvalt to prepare a valuation report on the concession under different scenarios in order to carry out the verifications on the requirements established for the approval of the extension of the concession period.
Sergio Espadero, Director of Advisory Services at Gesvalt, a company specializing in valuation and advisory, explains that “our contribution was the analysis and preparation of projections under the different scenarios of the concession, in order to verify compliance with the legal requirement demanded by Puertos del Estado, and also in terms of management of formal procedures.”
For his part, Alfredo Frías, Corporate Development Manager of Noatum Ports & Maritime, highlights the “maximum collaboration” environment the work has been developed with, “especially in a context of tight deadlines and maximum requirement level”. He adds,” This sum-of-parts was simply definitive to ensure the success of the project. Gesvalt delivered the report within a shorter period than agreed and showed maximum flexibility in introducing some modifications, without affecting its impartiality and critical spirit.”
Noatum is one of Spain’s leading companies in port and logistics operations. Noatum is owned by institutional investors, mostly pension funds, advised by J.P. Morgan Asset Management Infrastructure Investment Group and the Dutch Pension Fund Stichting Pensioenfonds ABP.