Leasehold vs. Freehold - Financial Analysis and Comparison of Industrial Real Estate in Brno

Bc. Anna Jůzová

Diplomová práce

Abstract:

The subject of the thesis is Leasehold vs. Freehold, financial analysis and comparison of industrial real estate in Brno. The thesis is divided into two parts. The theoretical part focuses on information about the commercial real estate market and about the basic properties of the industrial real estate market in Europe. Furthermore, the market environment is described and the most desirable locations in Europe are listed. Also, the principles and differences in rental the property or owning the property are mentioned. The practical part provides in the numbers an up-to-date overview of the industrial market in the Czech Republic, including the level of rents, available warehouse spaces, and current demand. In addition, this section includes calculations of the following financial methods - cost analysis of both options, net present value, internal rate of return, return on investment, payback period and property depreciation.The aim of this thesis is to evaluate the results of the financial analysis, the outputs from the comparison, and to find the answer to the question, which of the options is more suitable for the company or investor.

Keywords

Industrial Real Estate, Cost Analyses, Freehold, Leasehold, Comparison

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 29. 3. 2019

Obhajoba závěrečné práce

• Vedoucí: Ing. Petr Procházka, MSc Ph.D.

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

Magisterský studijní program / obor:
Economics and Management / European Agrarian Diplomacy