The gross property value plus the value of any further assets at market value as per the chosen valuation principles.
Typically further assets to be included are other fixed assets and current assets such as:
• investments in other vehicles, securities and plant, machinery etc.
• cash for long term investments, cash derived from income, debtors, short term investments (i.e., less than 1 year) and prepayments.
Global Definitions Database
Gross asset value of vehicle (Including pro rata share in joint ventures)
Source: INREV | Date: 23 March 2020 | ID: D0053 | Version: 5
Parent term
Net Asset Value - NAV (INREV)
A vehicle’s GAV less all liabilities as per the chosen valuation principles.