King Sturge valuations top £5bn
King Sturge valued more than £5bn of commercial and residential property across the North West in 2007.
The valuation team's instructions included a £75m motor trade portfolio, office schemes at Piccadilly Place and City Point in Manchester and the valuation of Media City UK in Salford Quays which will house the relocation of five BBC departments from London.
"Business was frenetic at the start of the year," says Ian Clarke, valuation partner (pictured). "And, in spite of the credit crunch, we are still dealing with a lot of instructions, but it will be interesting to see how things pan out after the Christmas break. The situation in 2008 will very much depend on the wider economic climate and how quickly confidence can be restored to the market place.
"The majority of our current workload is in providing loan security valuations across all property sectors, including high street and out of town retail, industrial, offices, residential development as well as specific specialisms in motor trade, care homes and student housing."
The team has recently been bolstered by James Air, who joined from King Sturge's graduate recruitment programme. Air's appointment takes the department to seven, making it one of the largest dedicated valuation teams in Manchester.