Valuation Research Global (VRG), a full-service international valuation group, announced that Denge Değerleme, an independent valuation firm based in Turkey, has joined its network. The partnership expands VRG's presence in Turkey and the broader region, adding a firm with extensive experience in real estate, machinery, equipment, corporate assets, and insurance valuations.
Founded in 2005, Denge Değerleme is accredited by the Royal Institution of Chartered Surveyors (RICS) and authorized by both the Capital Markets Board of Turkey and the Banking Regulation and Supervision Agency. The firm has received the Certificate of Excellence in Quality from The Socrates Committee in Oxford, UK. It supports banks, financial institutions, corporations, investors, and public entities with valuation solutions that comply with international and local regulatory standards.
The firm combines seasoned appraisers, engineers, and financial professionals with advanced technology to enable high-volume, high-quality reporting. Denge Değerleme is recognized for having the largest machinery and equipment appraisal team in Turkey. In 2024, the firm completed nearly $40 billion USD in tangible fixed asset valuations.
Leadership includes Baki Budakoğlu as Chairman and Simla Budakoğlu Sönmezler as General Manager and Board Member. Cem Kurt, European Region Manager, serves as the primary contact for global inquiries and leads international collaborations. The firm operates 10 offices in Turkey and one in the Netherlands, with 113 certified valuers and over 150 employees.
More information about Denge Değerleme can be found here.
VRG, formed in 1995, provides valuation and advisory services through its global network of member firms. With over 1,500 professionals, VRG offers expert opinions on business enterprises, intangible assets, real estate, and personal property. Its offices span five continents, with nearly 50 locations across North, South and Central America, Europe, Asia, and Australia. The addition of Denge Değerleme strengthens VRG's ability to serve clients in Turkey and surrounding regions, particularly in tangible asset valuations.
