Valuation in Real Estate
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Yet again transport investment and real estate value forms a key discussion topic at this year’s MIPIM with representation from all of the major transport investment projects. The projects aren’t new, so what has changed since last year?
Commissioning and preparing an asset valuation for financial reporting should involve a three way dialogue between the client, valuer & auditor.
Richard Spence, a Director within Deloitte LLP’s Real Estate’s Valuation, Assurance and Professional Advisory Team discusses the plethora of valuation regulations, accounting standards, codes, manuals, and guidelines and the key issues which often arise when an organisation is commissioning or relying on asset valuations for financial reporting purposes.
The intense marketing and sale of 30 St Mary Axe, EC3 , commonly known as ’The Gherkin’ is now firmly fixed in last year. Whilst we look forward into 2015 and fully engage ourselves in new instructions, it is worth taking stock of a journey that resulted in the sale of one of London’s most iconic building for a record price.
My first time at MIPIM has gone very well and it’s gone very quickly, helped by a busy diary of meetings, coffees, seminars and events. The DRE team have had great presence here from the London Stand but also from the various events we have hosted.
We have just launched the fourth Deloitte Real Estate survey of the self storage industry which we publish in conjunction with the UK Self Storage Association. It is a fascinating industry - one that really brings together the fundamentals of real estate and business.