HARRIS LAMB’S VALUATION TEAM MARKS RECORD YEAR

Harris Lamb’s Valuation team is celebrating a record year further to a number of key new instructions, including a national instruction on behalf of the NHS.

Offering a full range of services to a wide selection of clients including High Street Banks and Local Authorities to landowners, Pension Fund providers, corporate clients and investors, the business has issued more than 300 valuation reports in 2024 with a total value in excess of £350 million, and anticipates an equally busy year ahead.

Fiona Mellor, Associate, said: “Over the past 12 months we have seen a resurgence of loan security valuations from the High Street Banks and, more recently from Pension Fund providers as clients re-assess their property holdings, something there has been a particular concern around since the new Government announced its first budget a matter of weeks ago.

“These events have led to an extremely busy year, and we’ve expanded our team to include seven RICS registered valuers to ensure we are offering the real-time valuation advice and insights that are crucial to advising our clients in quantifying the impact on values,” she added.

In addition to providing valuation and development advice in respect of ground leases for NHS Trusts across the country, the team has completed the valuation of 36 properties in Staffordshire behalf of a Local Authority, provided valuation advice for a 300-plot residential development site in Nottinghamshire and completed an accounts valuation of an industrial portfolio totalling 700,000 sq ft for a Midlands based Plc company.

Fiona added: “Recent years have presented a number of challenges, and there is a great deal for businesses and individuals to process and navigate without calling on expert advice. There is still much confusion around financial stability in the UK, and as we move into 2025 the team is committed to maintaining its reputation for providing accurate, transparent advice to support our clients and facilitate their growth.”

Enquiries for valuation advice and guidance can be addressed to Fiona at fiona.mellor@harrislamb.com.

Pic: Harris Lamb’s Valuation team L-R: Richard Fantham, Carolyn Quinn, Suzi McGivern, Mark Linning, Fiona Mellor and Andy Smith.