Dundee + Angus College

At Graham + Sibbald, our network of offices covers the country and we’re proud of the fact that we’re the first choice of many of Scotland’s leading companies, including financial institutions, public sector bodies and residential and commercial property investors and developers.

With over sixty years providing property services, and a team made up of some of the most respected names in the business, we pride ourselves on our knowledge of the sectors in which we work. This expertise translates in to exceptional service.

Approach

Despite the compressed timescales to deliver the valuation project, it was decided given that Covid-19 lockdown rules had just been relaxed that we would deploy a compact specialist valuation team to inspect and value the entire portfolio.

Inspections were undertaken over the duration of a week, with draft reports for each asset being completed within two days of inspection.

The formal valuations were undertaken following the completion of the inspection process. Given the type of assets involved, the process included input from members of the Graham + Sibbald National Valuation Committee as well as our Building Consultancy colleagues (DRC Valuations and Componentisation).

Key Challenges

The diversity of the buildings, their uses and their age, condition and specification were the main challenge although this was swiftly overcome following discussions and input from our Building Consultancy colleagues.

Results

The Portfolio Asset Valuation was carried out following a relaxation of Covid-19 “Lockdown” rules in Scotland and completed on time and to the satisfaction of the client and causing minimum distribution to the day-to-day duties of the client and preparations for their 2020/2021 intake.

Client fully briefed on all the key valuation inputs and decisions.

Key Message

Productive communication and early engagement with client, their accountancy team and auditors to discuss and agree financial reporting standard and valuation approach to be used.

By deploying a compact and dedicated valuation team from our Dundee and Aberdeen offices with specialist knowledge of valuing public sector assets, as well as componentisation, we were able to meet deadlines and client expectations.

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