Valuation Research Global announced the addition of Turkish valuation firm Denge Değerleme to its international network. The expansion brings VRG's established valuation services to Turkey through a firm with significant local expertise and regulatory standing. Denge Değerleme, founded in 2005, provides comprehensive valuation and advisory services across multiple asset classes including real estate, machinery, equipment, corporate assets, and insurance. The firm holds accreditation from the Royal Institution of Chartered Surveyors and authorization from both the Capital Markets Board of Turkey and the Banking Regulation and Supervision Agency.
The firm serves a diverse client base including banks, financial institutions, corporations, investors, and public entities with valuation solutions that meet both international and local regulatory standards. Denge Değerleme combines experienced appraisers, engineers, and financial professionals with advanced technological infrastructure to deliver high-volume, high-quality reporting. The firm is recognized for having Turkey's largest machinery and equipment appraisal team. Leadership at Denge Değerleme includes Baki Budakoğlu as Chairman and Simla Budakoğlu Sönmezler as General Manager and Board Member.
The firm operates 10 offices across Turkey and one in the Netherlands, employing 113 certified valuers and a full team exceeding 150 professionals. In 2024, Denge Değerleme completed nearly $40 billion USD worth of tangible fixed asset valuations. More information about the firm can be found at https://www.denge.com.tr. VRG, formed in 1995, maintains a global network with over 1,500 professionals across member firms. The group provides expert and independent valuation opinions for business enterprises, intangible assets, real estate, and personal property, serving clients in more than 100 countries.
VRG's international 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 presence in a strategically important market while expanding the network's capacity to serve clients with complex international valuation needs. The partnership provides Turkish businesses with enhanced access to global valuation standards and expertise while offering VRG's international clients local market knowledge and regulatory compliance in Turkey. This expansion represents a significant development in the global valuation services landscape, connecting established international standards with deep regional expertise in a key emerging market.
