Radhika Garg is proposing to start a mortgage broker business called Garg Real Estate (GRE) focused on serving the retirement community in Copenhagen, Denmark. The business aims to break even within two years and achieve high customer satisfaction. GRE will provide comprehensive real estate services including property search, mortgage consulting, appraisals, and title transfers. Most services will be outsourced. The business will focus exclusively on the retirement housing market segment in Copenhagen. Success will depend on maintaining close client relationships and offering a full service experience. A SWOT analysis found that population growth in Denmark presents an opportunity for industry growth while declining construction values could threaten revenue.
Newsletter LPA Legal Albania - November - 2018Oltjan Hoxholli
The document summarizes recent legal developments and public tenders in Albania. It discusses a law that extends the deadline for strategic investment applications until 2019. It also outlines Albania's adherence to an agreement protecting geographic origin labels. Finally, it announces tenders for constructing an IT school in Tirana and disposing of pharmaceutical waste.
Elena-Madalina Ivanescu is a Romanian lawyer with over 15 years of experience. She has worked as an in-house lawyer for Telekom Romania Mobile Communications SA and Telemobil SA, where she handled litigation cases, negotiated and drafted contracts, and provided legal assistance on real estate, procurement, and regulatory matters. Previously, she was an associate at several major law firms in Bucharest, Romania, where she specialized in disputes resolution, real estate transactions, and commercial law. She holds a law degree from the University of Bucharest and a master's degree in business law.
The document summarizes statistics on visas, work permits, asylum applications, and residence cards issued in Poland from 2010 to 2011. It also outlines Poland's development of integration policies and strategies for immigrants, including the creation of an interdepartmental working group to develop the country's first national integration strategy. The goal is to have the strategy completed by the end of 2012 after a process of social consultation, acceptance by relevant government ministers, and adoption by the government.
Denmark provides growing investment opportunities for real estate investors looking beyond Sweden. While Sweden dominates attention, Denmark has a transparent, stable institutional environment that reduces costs and uncertainty. Transaction costs are also lower in Denmark compared to other European countries. Liquidity in the Danish market is high, providing confidence that investors can exit at favorable times. The largest real estate deal ever in Denmark recently occurred, demonstrating interest from non-traditional investors. As interest in Denmark grows, investors may need to look beyond the major cities of Copenhagen and Aarhus to find attractive investment opportunities.
Reproduced with permission from Law Business Research Ltd. This article was first published in Getting the Deal Through – Construction 2014, (published in August, 2013; contributing editor: Robert S Peckar of Peckar & Abramson, PC). For further information please visit www.GettingTheDealThrough.com.
The document discusses opportunities for real estate investment in Greece. Property prices have fallen sharply due to Greece's economic crisis, making real estate highly attractive. A wide range of properties are available, from islands to resort apartments. The stable climate, history, and falling construction costs make Greece a good opportunity. The document recommends investors purchase property soon before demand and prices rise again. It also provides information on legal procedures for foreign investors and contacting a law firm for assistance.
This document discusses the importance of property rights law for commercial development in Kosovo. It analyzes research finding major deficiencies in Kosovo's current property rights law. Approximately 62,000 property disputes are pending in courts, freezing €3.125 billion in assets. The document argues that redrafting property rights law to clearly define ownership would attract investment, allow business growth, and unlock frozen assets, outweighing costs of implementation. Political will is needed from government institutions to fund and enact changes.
Newsletter LPA Legal Albania - November - 2018Oltjan Hoxholli
The document summarizes recent legal developments and public tenders in Albania. It discusses a law that extends the deadline for strategic investment applications until 2019. It also outlines Albania's adherence to an agreement protecting geographic origin labels. Finally, it announces tenders for constructing an IT school in Tirana and disposing of pharmaceutical waste.
Elena-Madalina Ivanescu is a Romanian lawyer with over 15 years of experience. She has worked as an in-house lawyer for Telekom Romania Mobile Communications SA and Telemobil SA, where she handled litigation cases, negotiated and drafted contracts, and provided legal assistance on real estate, procurement, and regulatory matters. Previously, she was an associate at several major law firms in Bucharest, Romania, where she specialized in disputes resolution, real estate transactions, and commercial law. She holds a law degree from the University of Bucharest and a master's degree in business law.
The document summarizes statistics on visas, work permits, asylum applications, and residence cards issued in Poland from 2010 to 2011. It also outlines Poland's development of integration policies and strategies for immigrants, including the creation of an interdepartmental working group to develop the country's first national integration strategy. The goal is to have the strategy completed by the end of 2012 after a process of social consultation, acceptance by relevant government ministers, and adoption by the government.
Denmark provides growing investment opportunities for real estate investors looking beyond Sweden. While Sweden dominates attention, Denmark has a transparent, stable institutional environment that reduces costs and uncertainty. Transaction costs are also lower in Denmark compared to other European countries. Liquidity in the Danish market is high, providing confidence that investors can exit at favorable times. The largest real estate deal ever in Denmark recently occurred, demonstrating interest from non-traditional investors. As interest in Denmark grows, investors may need to look beyond the major cities of Copenhagen and Aarhus to find attractive investment opportunities.
Reproduced with permission from Law Business Research Ltd. This article was first published in Getting the Deal Through – Construction 2014, (published in August, 2013; contributing editor: Robert S Peckar of Peckar & Abramson, PC). For further information please visit www.GettingTheDealThrough.com.
The document discusses opportunities for real estate investment in Greece. Property prices have fallen sharply due to Greece's economic crisis, making real estate highly attractive. A wide range of properties are available, from islands to resort apartments. The stable climate, history, and falling construction costs make Greece a good opportunity. The document recommends investors purchase property soon before demand and prices rise again. It also provides information on legal procedures for foreign investors and contacting a law firm for assistance.
This document discusses the importance of property rights law for commercial development in Kosovo. It analyzes research finding major deficiencies in Kosovo's current property rights law. Approximately 62,000 property disputes are pending in courts, freezing €3.125 billion in assets. The document argues that redrafting property rights law to clearly define ownership would attract investment, allow business growth, and unlock frozen assets, outweighing costs of implementation. Political will is needed from government institutions to fund and enact changes.
The document discusses the newly proposed Netherlands Commercial Court (NCC). It notes that the NCC aims to attract complex international commercial cases to be decided in Amsterdam. However, the author raises several critical points about the NCC project. He questions whether it will succeed given past failures like the Holland Financial Centre project. Concerns include the budget for the NCC, impartiality of Dutch judges, high litigation costs, vagueness in what constitutes complex commercial cases, and impact on other Dutch courts. The wide jurisdiction of the NCC is also noted.
This document discusses the leasing industry in Sweden. It notes that leasing is well-established in Sweden as a form of financing equipment and promoting products for vendors. Equipment and automotive leasing represent the largest segment of the industry. Real estate leasing has not gained as much usage. The document also analyzes differences between real estate and equipment leasing in Sweden and how government policies have led to more growth in the equipment leasing segment.
The Norwegian market offers great business opportunities for foreign enterprises within various areas.
The guide "Doing Business in Norway" provides an introduction to the legal aspects in Norway and answer key questions companies may have whilst establishing or developing business in Norway. The 2018 edition includes one new chapter on public procurement law.
Carsted Rosenberg has prepared a brief introduction to the main aspects of Danish real estate law to provide our clients with an overview of some of the the main issues pertaining to Danish real estate transactions and the taking of security. The guide is intended to assist with the structuring of real estate transactions with a Danish element or where the transaction is wholly governed by Danish law.
The document discusses addressing sustainable development in the Democratic Republic of Congo, specifically focusing on Goal 11 of improving access to affordable housing. It proposes mobilizing various public and private resources to develop new cities and housing. This includes creating provincial housing funds, engaging multilateral development banks for infrastructure financing and technical support, attracting institutional and foreign private investors, developing the housing industry, encouraging individual savings programs for home purchases, and establishing mortgage loans through commercial banks. The goal is to develop a coordinated approach among different stakeholders to improve affordable housing and meet sustainable development targets by 2030.
We warmly welcome you to our ''lunch seιninar" to discuss in practice the current updates οη International Tax Planning, οn the use of Trusts and the legal framework for Cyprus investments to private clients, following recent domestic
and international changes.
Significant global changes are impacting tax planning and asset protection ίη new and challenging ways. Our leading experts from Taxatelier and Phoebus, Christos Clerides & Associates LLC will provide an opportunity to discuss such topics, drawing from experiences and international case studies.
The main topics to be discussed in the seminar are as follows:
Current updates οη International tax;
Effects οη Tax Planning;
The current status of the use of Trusts; and
The Legal framework for Cyprus investments.
Lynx: Compliance made easy. ManyLaws workshop, JURIX 2019Lynx Project
This document provides information about the Lynx project, which aims to build a multilingual Legal Knowledge Graph to provide smart compliance services for companies operating in multiple European countries. The project will create a graph by linking legal documents from different jurisdictions and standards. It will then use this data to develop services like search, translation, and recommendations to help companies understand and comply with applicable laws and regulations when expanding into new markets. Three pilots will focus on data protection, labor law, and geothermal industry standards. The goal is to address the challenges that legal silos and linguistic barriers pose for businesses in Europe.
This document summarizes the financial performance of retail property investments in the Netherlands from a European perspective. Some key points:
- Dutch retail property has achieved relatively good long-term returns compared to other real estate classes and asset classes like stocks and bonds, with a return-risk ratio of 2.25 over 1995-2014.
- Total returns on Dutch retail property have remained positive during the financial crisis years, outperforming other European countries. Rental cash flows in the Netherlands show potential for steady income returns in the coming years.
- The Dutch retail market is polarizing, with prime high streets in large cities strengthening while secondary locations weaken. This will lead to differences in expected performance between retail location types
This document provides an overview of the National Asset Management Agency (NAMA) in Ireland. Some key points:
- NAMA was established in 2009 to provide liquidity to Irish banks by acquiring €74 billion of commercial property-related loans at a 57% discount.
- The majority of the underlying assets were investment properties like offices, retail, and hotels located in Dublin and London.
- Residential properties and land/development loans made up smaller portions of the overall portfolio.
- NAMA acquired loans from 772 debtor connections, with the largest 189 accounting for €61 billion of the total.
- As of 2012, NAMA had raised €7.2 billion in cash from debtors and planned
This document provides a summary of intellectual property regulations in Colombia. It discusses the National Intellectual Property Policy approved in 2021, which aims to promote innovation and knowledge transfer through five main objectives. The policy outlines 11 strategic lines and 62 actions to achieve these objectives, including creating environments for intellectual property development, strengthening protection mechanisms, and training programs. The document also provides an overview of industrial property regulations, trademarks, patents, copyright, and other intellectual property types in Colombia.
This document provides a legal guide for doing business in Colombia. It summarizes the country's intellectual property laws and registration process. Some key points include: Colombia is a member of international intellectual property agreements like the Madrid Protocol and PCT, making it possible to obtain protections in multiple countries through a single application. Trademarks, patents, copyrights and other industrial property are protected through registration with government agencies like the Superintendence of Industry and Commerce. The guide outlines the process and timeline for trademark registration and considerations for distinctive signs, priority claims, and protections available for various types of intellectual property.
Gorrissen Federspiel and Kromann Reumert are recognized as the top firms in Denmark for banking and finance work. Gorrissen Federspiel acted on high profile bond issuances and bank restructurings while Kromann Reumert advised the Danish government on major bank bailouts. Plesner increased its profile by working on significant transactions for global banks.
Niels Christian Docker. Doing Business in Denmark 07.06.2013Awara Direct Search
Denmark is a small country in Northern Europe with a population of around 5.5 million. It has a stable economy focused on industries like shipping, wind energy, pharmaceuticals, and food production. The document outlines business opportunities in sectors like shipping, offshore energy, and wind power due to Denmark's world-leading companies. It also discusses setting up a business in Denmark, which has a flexible labor market, low minimum capital requirements, and a 25% corporate tax rate. The legal system is accessible and emphasizes dialogue between business and government. Overall, the document portrays Denmark as a business-friendly country with a highly skilled workforce located in Northern Europe.
2010 04 04 Summa's Presentation English Versionsumma
The document provides an overview of the main areas of activity of General Group including consulting, energy, and agriculture. Consulting services include legal, financial, fiscal, and training advice. In energy, the group develops hydropower, solar, wind, and waste-to-energy projects. Agricultural services include creating agricultural enterprises and providing professional advice.
Alice charles planning issues autumn 2011 articleAlice Charles
The document discusses the Irish property market collapse, the causes and legacy, and the role of the National Asset Management Agency (NAMA). Some key points:
- The collapse was caused by poor planning, lax regulation, and property tax incentives during the Celtic Tiger era from the 1990s-2008. This led to an oversupply of unfinished housing developments, hotels, and zoned land.
- The legacy includes over 2,800 unfinished housing estates, "zombie" hotels and golf courses, and over 44,000 hectares of excess zoned land. Infrastructure was not upgraded to support the rapid development.
- NAMA was established in 2009 to deal with risky bank loans related to land and property.
The document provides an initial overview and analysis of an Edeka Market property located in Amberg, Germany that is being considered for investment. The summary includes:
1) The location of Amberg and region of Bavaria are described, noting the population sizes and economic strength of the area.
2) Details are given about the tenant, Edeka, which is Germany's largest grocery retailer. Financial information shows it to be a strong and stable company.
3) The property is analyzed and found to meet Edeka's site requirements.
4) The projected yield of 7.32% is evaluated against debt rates, retail park yields in German cities, and a comparable Edeka
ENHR 2013 TARRAGONA: SURVIVING THE BURST OF THE REAL ESTATE BUBBLE, WITHOUT R...Javier Buron Cuadrado
The document summarizes the current housing crisis in Spain, providing statistics and facts about the country's rental market and public housing policies. Key points include:
- Only around 10% of Spanish housing is for rent, compared to 30% average in EU. Public/social housing is below 1%.
- Spain saw overproduction of housing fueled by foreign investment during the bubble. There have been 200,000-400,000 forced evictions since the crisis began.
- Public aid to the banking system totals over 490 billion euro but has not addressed the housing crisis. Protests by groups like PAH have put housing rights in the political agenda.
How to Implement a Real Estate CRM SoftwareSalesTown
To implement a CRM for real estate, set clear goals, choose a CRM with key real estate features, and customize it to your needs. Migrate your data, train your team, and use automation to save time. Monitor performance, ensure data security, and use the CRM to enhance marketing. Regularly check its effectiveness to improve your business.
The document discusses the newly proposed Netherlands Commercial Court (NCC). It notes that the NCC aims to attract complex international commercial cases to be decided in Amsterdam. However, the author raises several critical points about the NCC project. He questions whether it will succeed given past failures like the Holland Financial Centre project. Concerns include the budget for the NCC, impartiality of Dutch judges, high litigation costs, vagueness in what constitutes complex commercial cases, and impact on other Dutch courts. The wide jurisdiction of the NCC is also noted.
This document discusses the leasing industry in Sweden. It notes that leasing is well-established in Sweden as a form of financing equipment and promoting products for vendors. Equipment and automotive leasing represent the largest segment of the industry. Real estate leasing has not gained as much usage. The document also analyzes differences between real estate and equipment leasing in Sweden and how government policies have led to more growth in the equipment leasing segment.
The Norwegian market offers great business opportunities for foreign enterprises within various areas.
The guide "Doing Business in Norway" provides an introduction to the legal aspects in Norway and answer key questions companies may have whilst establishing or developing business in Norway. The 2018 edition includes one new chapter on public procurement law.
Carsted Rosenberg has prepared a brief introduction to the main aspects of Danish real estate law to provide our clients with an overview of some of the the main issues pertaining to Danish real estate transactions and the taking of security. The guide is intended to assist with the structuring of real estate transactions with a Danish element or where the transaction is wholly governed by Danish law.
The document discusses addressing sustainable development in the Democratic Republic of Congo, specifically focusing on Goal 11 of improving access to affordable housing. It proposes mobilizing various public and private resources to develop new cities and housing. This includes creating provincial housing funds, engaging multilateral development banks for infrastructure financing and technical support, attracting institutional and foreign private investors, developing the housing industry, encouraging individual savings programs for home purchases, and establishing mortgage loans through commercial banks. The goal is to develop a coordinated approach among different stakeholders to improve affordable housing and meet sustainable development targets by 2030.
We warmly welcome you to our ''lunch seιninar" to discuss in practice the current updates οη International Tax Planning, οn the use of Trusts and the legal framework for Cyprus investments to private clients, following recent domestic
and international changes.
Significant global changes are impacting tax planning and asset protection ίη new and challenging ways. Our leading experts from Taxatelier and Phoebus, Christos Clerides & Associates LLC will provide an opportunity to discuss such topics, drawing from experiences and international case studies.
The main topics to be discussed in the seminar are as follows:
Current updates οη International tax;
Effects οη Tax Planning;
The current status of the use of Trusts; and
The Legal framework for Cyprus investments.
Lynx: Compliance made easy. ManyLaws workshop, JURIX 2019Lynx Project
This document provides information about the Lynx project, which aims to build a multilingual Legal Knowledge Graph to provide smart compliance services for companies operating in multiple European countries. The project will create a graph by linking legal documents from different jurisdictions and standards. It will then use this data to develop services like search, translation, and recommendations to help companies understand and comply with applicable laws and regulations when expanding into new markets. Three pilots will focus on data protection, labor law, and geothermal industry standards. The goal is to address the challenges that legal silos and linguistic barriers pose for businesses in Europe.
This document summarizes the financial performance of retail property investments in the Netherlands from a European perspective. Some key points:
- Dutch retail property has achieved relatively good long-term returns compared to other real estate classes and asset classes like stocks and bonds, with a return-risk ratio of 2.25 over 1995-2014.
- Total returns on Dutch retail property have remained positive during the financial crisis years, outperforming other European countries. Rental cash flows in the Netherlands show potential for steady income returns in the coming years.
- The Dutch retail market is polarizing, with prime high streets in large cities strengthening while secondary locations weaken. This will lead to differences in expected performance between retail location types
This document provides an overview of the National Asset Management Agency (NAMA) in Ireland. Some key points:
- NAMA was established in 2009 to provide liquidity to Irish banks by acquiring €74 billion of commercial property-related loans at a 57% discount.
- The majority of the underlying assets were investment properties like offices, retail, and hotels located in Dublin and London.
- Residential properties and land/development loans made up smaller portions of the overall portfolio.
- NAMA acquired loans from 772 debtor connections, with the largest 189 accounting for €61 billion of the total.
- As of 2012, NAMA had raised €7.2 billion in cash from debtors and planned
This document provides a summary of intellectual property regulations in Colombia. It discusses the National Intellectual Property Policy approved in 2021, which aims to promote innovation and knowledge transfer through five main objectives. The policy outlines 11 strategic lines and 62 actions to achieve these objectives, including creating environments for intellectual property development, strengthening protection mechanisms, and training programs. The document also provides an overview of industrial property regulations, trademarks, patents, copyright, and other intellectual property types in Colombia.
This document provides a legal guide for doing business in Colombia. It summarizes the country's intellectual property laws and registration process. Some key points include: Colombia is a member of international intellectual property agreements like the Madrid Protocol and PCT, making it possible to obtain protections in multiple countries through a single application. Trademarks, patents, copyrights and other industrial property are protected through registration with government agencies like the Superintendence of Industry and Commerce. The guide outlines the process and timeline for trademark registration and considerations for distinctive signs, priority claims, and protections available for various types of intellectual property.
Gorrissen Federspiel and Kromann Reumert are recognized as the top firms in Denmark for banking and finance work. Gorrissen Federspiel acted on high profile bond issuances and bank restructurings while Kromann Reumert advised the Danish government on major bank bailouts. Plesner increased its profile by working on significant transactions for global banks.
Niels Christian Docker. Doing Business in Denmark 07.06.2013Awara Direct Search
Denmark is a small country in Northern Europe with a population of around 5.5 million. It has a stable economy focused on industries like shipping, wind energy, pharmaceuticals, and food production. The document outlines business opportunities in sectors like shipping, offshore energy, and wind power due to Denmark's world-leading companies. It also discusses setting up a business in Denmark, which has a flexible labor market, low minimum capital requirements, and a 25% corporate tax rate. The legal system is accessible and emphasizes dialogue between business and government. Overall, the document portrays Denmark as a business-friendly country with a highly skilled workforce located in Northern Europe.
2010 04 04 Summa's Presentation English Versionsumma
The document provides an overview of the main areas of activity of General Group including consulting, energy, and agriculture. Consulting services include legal, financial, fiscal, and training advice. In energy, the group develops hydropower, solar, wind, and waste-to-energy projects. Agricultural services include creating agricultural enterprises and providing professional advice.
Alice charles planning issues autumn 2011 articleAlice Charles
The document discusses the Irish property market collapse, the causes and legacy, and the role of the National Asset Management Agency (NAMA). Some key points:
- The collapse was caused by poor planning, lax regulation, and property tax incentives during the Celtic Tiger era from the 1990s-2008. This led to an oversupply of unfinished housing developments, hotels, and zoned land.
- The legacy includes over 2,800 unfinished housing estates, "zombie" hotels and golf courses, and over 44,000 hectares of excess zoned land. Infrastructure was not upgraded to support the rapid development.
- NAMA was established in 2009 to deal with risky bank loans related to land and property.
The document provides an initial overview and analysis of an Edeka Market property located in Amberg, Germany that is being considered for investment. The summary includes:
1) The location of Amberg and region of Bavaria are described, noting the population sizes and economic strength of the area.
2) Details are given about the tenant, Edeka, which is Germany's largest grocery retailer. Financial information shows it to be a strong and stable company.
3) The property is analyzed and found to meet Edeka's site requirements.
4) The projected yield of 7.32% is evaluated against debt rates, retail park yields in German cities, and a comparable Edeka
ENHR 2013 TARRAGONA: SURVIVING THE BURST OF THE REAL ESTATE BUBBLE, WITHOUT R...Javier Buron Cuadrado
The document summarizes the current housing crisis in Spain, providing statistics and facts about the country's rental market and public housing policies. Key points include:
- Only around 10% of Spanish housing is for rent, compared to 30% average in EU. Public/social housing is below 1%.
- Spain saw overproduction of housing fueled by foreign investment during the bubble. There have been 200,000-400,000 forced evictions since the crisis began.
- Public aid to the banking system totals over 490 billion euro but has not addressed the housing crisis. Protests by groups like PAH have put housing rights in the political agenda.
Similar to Global Business Environment - Denmark (20)
How to Implement a Real Estate CRM SoftwareSalesTown
To implement a CRM for real estate, set clear goals, choose a CRM with key real estate features, and customize it to your needs. Migrate your data, train your team, and use automation to save time. Monitor performance, ensure data security, and use the CRM to enhance marketing. Regularly check its effectiveness to improve your business.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
https://rb.gy/usj1a2
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf46adnanshahzad
How to Start Up a Company: A Step-by-Step Guide Starting a company is an exciting adventure that combines creativity, strategy, and hard work. It can seem overwhelming at first, but with the right guidance, anyone can transform a great idea into a successful business. Let's dive into how to start up a company, from the initial spark of an idea to securing funding and launching your startup.
Introduction
Have you ever dreamed of turning your innovative idea into a thriving business? Starting a company involves numerous steps and decisions, but don't worry—we're here to help. Whether you're exploring how to start a startup company or wondering how to start up a small business, this guide will walk you through the process, step by step.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...Aleksey Savkin
The Strategy Implementation System offers a structured approach to translating stakeholder needs into actionable strategies using high-level and low-level scorecards. It involves stakeholder analysis, strategy decomposition, adoption of strategic frameworks like Balanced Scorecard or OKR, and alignment of goals, initiatives, and KPIs.
Key Components:
- Stakeholder Analysis
- Strategy Decomposition
- Adoption of Business Frameworks
- Goal Setting
- Initiatives and Action Plans
- KPIs and Performance Metrics
- Learning and Adaptation
- Alignment and Cascading of Scorecards
Benefits:
- Systematic strategy formulation and execution.
- Framework flexibility and automation.
- Enhanced alignment and strategic focus across the organization.
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
Easily Verify Compliance and Security with Binance KYCAny kyc Account
Use our simple KYC verification guide to make sure your Binance account is safe and compliant. Discover the fundamentals, appreciate the significance of KYC, and trade on one of the biggest cryptocurrency exchanges with confidence.
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
BriansClub.cm, a famous platform on the dark web, has become one of the most infamous carding marketplaces, specializing in the sale of stolen credit card data.
Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
Structural Design Process: Step-by-Step Guide for BuildingsChandresh Chudasama
The structural design process is explained: Follow our step-by-step guide to understand building design intricacies and ensure structural integrity. Learn how to build wonderful buildings with the help of our detailed information. Learn how to create structures with durability and reliability and also gain insights on ways of managing structures.
1. BIRLA INSTITUTE OF MANAGEMENT TECHNOLOGY
PGDM BATCH (2019-21)
GLOBAL BUSINESS ENVIRONMENT
SETTING UP MORTGAGE BROKER BUSINESS IN DENMARK
Submitted to:
Dr.Jagdish Shettigar
Dr.Monika Jain
Submitted by:
Radhika Garg
19DM149
Group02
1
2. ACKNOWLEDGEMENT
“I hereby take the opportunity to express my profound sense of gratitude and
reverence to all those who have helped and encouraged me towards the successful
completion of the project.”
“Firstly, I would like to express my thanks to Birla Institute of Management
Technology for giving me such a wonderful opportunity to widen the horizons of my
knowledge.”
“I would also like to thank my project guide Dr.Jagdish Shettigar & Dr.Monika Jain for
their immense guidance.”
Radhika Garg
19DM149
Group 02
2
3. TABLE OF CONTENTS
S.No. Particulars Page No.
1 Introduction 04
2 Real Estate Sector in Denmark 04
3 Policy Approach 05
4 Supply and Demand in Denmark Market 06
5 Competitors in Real Estate Industry 07
6 Business Proposal 08
7 SWOT Analysis 09
8 References 10
3
4. I. INTRODUCTION
Denmark, officially the Kingdom of Denmark, is a Nordic country in Northwest Europe. Denmark
proper, which is the southernmost of the Scandinavian countries, consists of a peninsula, Jutland,
and an archipelago of 443 named islands, with the largest being Zealand, Funen and the North
Jutland Island. The islands are characterized by flat, arable land and sandy coasts, low elevation
and a temperate climate. The southernmost of the Scandinavian nations, Denmark lies southwest
of Sweden and south of Norway and is bordered to the south by Germany. The Kingdom of
Denmark also includes two autonomous territories in the North Atlantic Ocean: the Faroe
Islands and Greenland. Denmark has a total area of 42,924 km2 (16,573 sq mi), land area of
42,394 km2 (16,368 sq mi), and the total area including Greenland and the Faroe Islands is
2,210,579 km2 (853,509 sq mi), and a population of 5.8 million in Denmark proper
(As of 2020).
Denmark has a flourishing economy. According to IMF estimates Denmark has a GDP growth rate
of 2.3% in Q3 of 2019. It is a small country with an open economy and a structural balance of
payments surplus. The country is highly dependent on foreign trade.
Denmark economy is mainly dominated by the service sector, which includes 80% of all the jobs,
whereas about 11% of the employees are working in the manufacturing industry and 2% are in
agriculture. The annual household per-capita income of Denmark people was
42,589.763 USD in December 2019. In a most recent survey by the World Bank, Denmark secured
1st rank in Europe and 4th in the world for ease of doing business. Denmark is 7th in the world on
the most inviting countries for capital investment (according to Forbs Business Magazine).
II. REAL ESTATE SECTOR IN DENMARK
Over the past few years the Danish real estate market has been very active and on the rise with
regard to both commercial and residential real estate. The players are predominantly institutional
investors (Danish and non-Danish), real estate funds and property developers.
The market has generally been seen as very attractive in recent years for both local and foreign
investors and the fundamentals are strong – particularly in the larger cities, with Copenhagen still
being the main focus for most foreign investors. The hotel segment has been very active, with many
new rooms being added to the market and currently under construction. The same applies to the
residential markets, with many new projects being completed over the past few years in a market
with a clear upward trend. The logistics segment is also characterized by high activity and the office
segment currently sees low vacancy rates (and thus potential investment opportunities). The
outlook for the coming years remains excellent, with considerable investor interest also being
directed at the segment for student and senior housing.
Danish market for investment properties is now dominated by players with deep pockets, including
Danish pension funds, foreign and Danish real estate funds and high net worth individuals. In the
attractive areas, especially Copenhagen and Aarhus, competition for high-quality real estate is high
and prices have been increasing and yields decreasing accordingly. For the most attractive
properties, yields down to 3 per cent have been seen, even if there is no immediate potential for
improving profitability of the property in question. The purchase interest even at these yields is
driven by professional investors seeking alternatives to investments in bonds generating yields at
between 0.5 and 2.5 per cent, which for the long-term bonds are combined with a substantial price
risk.
4
5. III. POLICY APPROACH
(i) System of registration
Real estate in Denmark is accurately mapped in a grid covering all Danish land that is made
available and maintained by the Danish Geodata Agency. All rights in Danish real estate, including
ownership, can be registered in the central Danish land registry, an electronic register that includes
a section for each individual property.2 The land registry is administered by the Danish courts.
All substantial rights in Danish real estate should be registered in the land registry, as such a
registration made in good faith extinguishes existing, non-registered opposing rights, and protects
the registered rights against future opposing rights. Among the rights that should be registered are
title (ownership rights), mortgages and rights of use extending the rights according to the
legislation on tenancies.
Moreover, public registers regarding buildings, ascertained pollution and pollution risk, tax
valuations and area plans are maintained and are sources of information about Danish real estate.
Private registers of real estate for sale and hire and of real estate sold are also available.
(ii) Investment vehicles and choice of law
Investment in Danish real property is generally made through one or more Danish companies,
normally a Danish holding company with subsidiaries each owning a single property or a group of
properties. The structure creates a profit centre for each property or groups of properties and is
tax efficient both when operating the property or properties and in the event of sale.
Under Danish law, the parties are free to agree on any term and condition for the purchase and
sale of Danish real estate, including that the transaction be governed by the laws of a country other
than Denmark, or that legal proceedings be instituted before the courts in a country other than
Denmark or be resolved by arbitration. However, the parties should take into consideration that a
number of legal issues regarding the real property, including registration and protection of rights,
tenancies and public regulation, will be subject to Danish law and venue in any case.
(iii) Real Estate Ownership
Planning
Planning in Denmark is governed by the Danish Planning Act. The planning authorities in Denmark
are the Danish Ministry of Industry, Business and Financial Affairs and below that the Danish
municipalities, of which there are 98.
According to the Planning Act, each area of Denmark is labeled either as rural, urban or as a
holiday-house area, and the possible land use depends primarily on this label. The options for
building in rural areas are largely restricted to buildings and other facilities necessary for the farm
units in the area. Similarly, the options for building in holiday-house areas are restricted to
primarily holiday houses.
Environment
Under the Act on Contaminated Soil, the Danish regional administrations map contamination and
possible contamination of land on the basis of available information on the use of the land – both
in the past and in the present – and on the basis of field studies. Field studies are, however, only
5
6. carried out on land likely to be so heavily contaminated or so located that public health, including
drinking water, or the environment is endangered. The registrations made are publicly available.
The Environmental Protection Act lays down the 'polluter pays' principle, which is detailed and
expanded in the Act on Contaminated Soil. The principle implies that the polluter is liable to carry
out, and pay the costs of, all measures necessary to prevent, limit, analyse and clean up the
pollution.
Tax
No transfer tax or stamp duty applies to the purchase of real estate or real estate financing.
However, all substantial rights in Danish real estate should be registered in the land registry, as
such a registration made in good faith extinguishes existing, non-registered opposing rights, and
protects the registered rights against future opposing rights.
To register rights in the land registry, the following registration duties must be paid:
a. Registration of title to the property: 1,660 Danish kroner plus 0.6 per cent of the highest of
the purchase sum for the property and the public valuation of the property.
b. Registration of mortgages on the property: 1,660 Danish kroner plus 1.5 per cent of the
principal of the mortgage deed. However, if mortgage deeds previously registered on the
property are cancelled simultaneously, the registration duties paid on such mortgage deeds
can be deducted. The same goes for registration duties represented by 'duty' mortgage
deeds.
c. Other rights, including rights of use: 1,660 Danish kroner.
When purchasing building land or new buildings, VAT, at 25 per cent, on the purchase sum must
normally be paid.
(iv) Developments In Practice
By an amendment to the Planning Act, dated 3 March 2015, the former Danish government, led by
the Social Democrats, authorized the municipalities to include in local development plans the
provision that up to 25 per cent of housing stock in an area should be social housing stock. In
general, such provision will impose a loss on landowners, as building rights to social housing do not
hold the same value as building rights to commercial buildings or residential buildings not meant
for social housing. Furthermore, decisions according to the Planning Act are regarded as regulation
without compensation under Danish Law, meaning that no compensation is achievable from the
Danish state or municipality for the landowners.
IV. SUPPLY AND DEMAND IN DENMARK MARKET
Demand from midsized companies is driving flexible space take-up
Historically high demand, low vacancy rates and innovative solutions defined the Copenhagen office
market in 2018. The decline in unemployment in the strong Danish economy has driven vacancy
rates down, which currently stands at 5.9% for Copenhagen’s office market. Development continues
to go forward in renovated offices and new buildings but in Denmark, the trend for co working
space started to accelerate over 2018. It is in that segment that Copenhagen is seeing new
developments going forward as international investors and developers started building co working
6
7. spaces and office hotels. Concept developers look primarily at the best locations in Copenhagen,
which is crucial for co working spaces. It is essential that the property is located close to great
infrastructure, public transport, as well as near other high growth companies. Demand continues to
be generated by small and medium sized businesses that are increasingly choosing flexible office
facilities where they can expand quickly. Large corporations are either actively building their own
headquarters to accommodate staff or pre-letting space. Diminished supply plus ongoing space
requirements resulted in pressure being maintained on rents that stood at DKK 2,200/sq m/year
(€295/sq m/year) in the most central districts of Copenhagen.
Investment in logistics property almost doubled in 2018
Office investment volume was approximately €2bn for Denmark and what was particularly striking
about 2018 is that investment in industrial and logistics properties almost doubled from 4.5% to 8%.
There are positive prospects for the investment market in 2019, as buyers still wish to acquire core
prime properties even with a shortage of product.
Given the relatively strict geographic and regulatory supply restrictions in Copenhagen, housing
supply has not responded adequately. This has fueled a gap between supply and demand resulting
in a rapid and quite unstable housing price development. This implies at least two socio-economic
challenges.
V. COMPETITORS IN REAL ESTATE INDUSTRY
Jeudan
Jeudan is the largest listed real estate company in Denmark. It is the largest private real estate
investment company in the country and its activities also comprise property and facility
management. The company is headquartered in Prince William Mansion in Copenhagen.
DADES
DADES (Det Almindelige Danske Ejendomsselskab) is one of the largest private property investment
companies in Denmark. Shopping centres account for just over half of its portfolio, making it the
second largest owner of shopping centres in the country. The company is headquartered
in Kongens Lyngby in the northern suburbs of Copenhagen.
Karberghus
Karberghus is a Danish real estate company based in Copenhagen, Denmark. It specializes in the
acquisition; restoration and renting out of historic properties in the Copenhagen area and is a
member of BYFO, Historiske Huse and Europa Nostra. Karberghus is the owner of the
company Office Club offering co working in historic buildings in Copenhagen.
7
8. VI. Business Proposal
Objectives
The three year goals for Garg Real Estate (GRE) are the following:
Achieve break-even by year two.
Establish minimum 95% customer satisfaction rate to establish long-term relationships with
our clients and create word-of-mouth marketing.
Mission
It is the mission of GRE to provide real estate services in the newly established community, located
in Copenhagen, Denmark. GRE is a full service real estate, mortgage, and title company.
Keys to Success
GRE's keys to long-term survivability and profitability are as follows:
Establish and maintain close contacts with residential real estate listing services, and all
other service organizations that GRE use.
Keeping close contact with clients and establishing a well functioning long-term relationship
with them to generate repeat business and obtain a top notch reputation.
Establish a comprehensive service experience for our clients that includes consultation,
appraisal, sale preparation, community information, moving consultation, etc.
Company Ownership
The company will be owned by Ms. Radhika Garg, who will be putting up equal amounts of equity.
All other financing will come from loans.
Services
GRE offers comprehensive real estate, mortgage, and title services to our diverse clients. We will
have a premier position as the dominant seller of these new homes, condos, and retirement
apartments. In addition we will offer a full range of services to facilitate the purchasing and selling
of real estate including the following:
Home search database.
Moving consulting, quotes, planning, etc.
Mortgage consulting and loan preapproval.
Communityinformation.
Title transfer.
Obtaining a comparative market analysis for potential sellers.
8
9. Appraising.
Property preparation.
Much of the company's services will be outsourced. This includes title transfer, loan approval,
appraising and market analysis services.
Our first priority is to help the seller set a realistic price on their property. But like most of
us who have invested untold hours of time and energy into our property it may be difficult to
remain objective when it's time to price it and put it up for resale. There's a good reason for
this. Usually property owners have much more than dollars and cents tied up in a home - an
individual commitment that makes it a highly valued personal statement. But value becomes a
reflection of the buyer's perspective as well when that property is put up for sale...and pride of
ownership may not translate to market value.
When house hunting, the buyer will shop the market, compare available homes, and try to
find the very best value. Consequently, when the seller is ready to list their home, they need to
step back and sharpen their focus. Look at the home objectively and price it competitively.
Listing property at 5% above current market value gives it a sales advantage that is ten
times greater than if priced at 15-20% above. That's a statistic that can't be overlooked. An
overpriced home will suffer from lack of exposure, and the longer it remains on the market the
more difficult it will be to sell. And it will remain so, even after price reductions are taken to
attract buyers.
That is why it is very important to determine an accurate and objective market value for
your property. We'll work with the buyers and sellers closely to achieve that, and to maximize
their opportunities to sell their home at the best possible price within acceptable time frames.
Market Segmentation
GRE will be concentrating exclusively on the retirement market segment. This means the company
will be focused on buying and selling real estate to those seeking to retire in the Tucson area. This
market segment has special needs and is almost always looking to find homes in specially
constructed communities that serve those special needs such as medical, dining, entertainment,
shopping, and other such facilities.
VII. SWOT Analysis
The industry is exposed to the following threats and opportunities:
The value of residential construction is an indicator of the level of investment in, and values of,
new and existing residential structures. Higher investment in residential construction boosts
housing prices and indicates greater sales activity. This increases commissions for brokers and
agents, benefiting industry revenue. However, the value of residential construction is expected to
decline in 2019, posing a potential threat to the industry.
9
10. Population growth bolsters demand for housing, which pushes up housing prices and associated
industry commissions and brokerage fees. Consequently, population growth generally leads to
higher industry revenue and profit. The population of Canada is expected to grow in 2019,
representing a potential opportunity for the industry.
VIII. References
https://www.globalpropertyguide.com/Europe/Denmark/Price-History
https://www.cbre.dk/en/research-and-reports/Denmark-Real-Estate-Market-Outlook-2019
https://www.dst.dk/en/Statistik/emner/arbejde-indkomst-og-formue/formue-og-gaeld/fast-
ejendom
http://unassumingeconomist.com/2018/06/housing-market-in-denmark/
10