Graham + Sibbald completed the Annual Asset Valuation of the property assets as owned by Caledonian Maritime Assets Limited (CMAL) for internal accounting purposes. The valuations included heritable and Ground Leasehold properties held as an investment by CMAL.
The CMAL portfolio comprises circa 42 properties located on the West coast of Scotland. The Southernmost property is located at Brodick on Arran with the Northernmost property being Lochboisdale in North Uist. The portfolio includes both operational and investment properties.
Graham + Sibbald’s network of offices are well placed to cover the West Coast and Highlands + Islands to allow us to inspect the properties. The valuations were undertaken using Fair Value as the basis of value, and completed under International Accounting Standard IFRS 13. Our experience of undertaking accounts valuations under this financial reporting standard allowed us to complete this task.
Charlie Lawrence and Liam Loudon of G+S completed the valuations within the portfolio. Both surveyors completed inspections and valuations in January and February 2018. The report was then jointly compiled and provided to the client by 1st March 2018. Any queries were resolved during March and the final report was issued on 31st March 2018.