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Valuation
All the latest news and views on property valuation.Valuation
Need to know: IPF questions valuation reporting
Investment Property Forum challenges accepted processes. Sarah Townsend reports
Lords revolt at valuation delay
Peers demand government officers explain discredited data used to justify revaluation postponement
Citypoint valuation slashed by £22m
A new valuation of the Citypoint tower in the City of London, which is in receivership, showed a slide in the value of the property in 2012.
Rates delay could provoke northern bankruptcies
Industry bodies say postponement of revaluation “bad for business”
Redefine "a whisker" away from completion of restructuring process
Redefine International has reported a 19.8% drop in net asset value in a transformational year for the company.
Bank of Ireland chases valuers for £11.7m
Bank of Ireland is pursuing six-figure settlements from three further surveying firms as it seeks to recoup losses accrued from unpaid property loans.
Cluttons facing £1m Belgravia valuation claim
Cluttons is facing a claim of more than £1m from Bank of Ireland over a dispute on the valuation of a flat in Belgravia.
VOA appeals Knight Frank win in rates case
Case that challenged approach to rent-free periods may be rerun. Sarah Townsend reports
Bank sues Lambert Smith Hampton valuers
The Bank of Ireland is suing Lambert Smith Hampton after claiming it suffered losses of more than £4.5m because of an incorrect valuation of a Leeds residential scheme.
RICS’s Collett gets down with the kids
New president determined to emphasise body’s modern approach. Emma Haslett reports
Need to know: valuation office in more hot water
As the Growth and Infrastructure Bill passes committee stage in the House of Lords and has its third reading next week, opposition to clause 25 — delaying the revaluation of business rates to 2017 — is not the only rating flashpoint facing the government.
Surveyors disappointed Red Book rewrite lacks more detailed guidance for valuers
No stance taken as yet on issue of projected valuations. Sarah Townsend reports
Expect more property negligence claims as six-year time limit falls due
The Court of Appeal has ordered the property adviser previously known as Drivers Jonas to pay £11.8m in damages for negligently advising Capita Alternative Fund Services – the trustee of a property unit trust – on its purchase of a factory outlet shopping centre in Historic Dockyard Chatham in Kent.
Colliers’ €79m claim
Firm defends valuation of huge mixed-use complex in Germany following claim brought by Hatfield Philips
‘You have to follow the money'
Sean Tompkins wants to trade UK experience with overseas capital to cement the RICS’s relevance to property. Sarah Townsend spoke to him. Portrait by Trent McMinn
Pub company takes £595m property hit
Spirit Company, the business spun off from Punch Taverns in August 2011, reported increased losses yesterday after a £595m write down of its property portfolio.
VOA appeals decision: who knew rating could be so exciting?
Surprise, surprise: the Valuation Office Agency is preparing to fight back against a recent business rates case it lost. Was anyone in any doubt that it would?
‘Big two’ appeal VOA rates decision in City
Rating specialists at CBRE and Jones Lang LaSalle have appealed a decision by the Valuation Office Agency concerning the rateable value of Exchequer Court at 33 St Mary Axe in the City of London (below).
Savills names Newsom successor
Savills’ head of UK valuations William Newsom will be replaced by director Ian Malden, the firm announced today.
Valuers risk being left high and dry in an ebbing market
Valuation is a judgement on what price to pay today for a future rental and capital cashflow.
