People

Richard Ayres

Partner

Location

London (West End)

Contact Richard

T: +44 (0)20 7333 6321

E: [email protected]

Richard is a Partner in our Alternative Markets department based in the West End. He specialises in asset valuation and rating matters and has particular experience of specialised properties and those used for charitable purposes. His clients include universities, local authorities, NHS Trusts, major national museums and London estates.

Valuation Advice

Capital valuations of a variety of properties for accounts purposes including research laboratories, art galleries, museums, police stations, court buildings, cultural venues, NHS Trust hospitals and colleges of further education.  Richard has particular expertise in DRC valuation techniques including asset lifting and componentisation apportionments.

Providing valuation and strategic property advice to educational clients, including the University of Surrey, King’s College London, St Mary’s University College Twickenham, and Goldsmiths College.

Preparing reinstatement cost assessments for insurance purposes of a wide range of specialised property types.

Co-ordinating a team in the annual valuation of a major central London (residential and commercial) estate.

Rating Advice

Providing a complete rating appeals and consultancy service to more than thirty universities in the 2000, 2005 and 2010 rating lists – Richard has been able to save these universities in excess of £10m through reductions negotiated in the 2010 Rating Revaluation.

Negotiating a memorandum of agreement on the valuation of universities for rating purposes in the 2005 and 2010 Rating Revaluations on behalf of Universities UK.

Strategic and specific rating advice to all of the 35 Cambridge colleges.

Providing rating advice to a number of major national museums and galleries including the British Museum for whom he secured a rate rebate of more than £1m in the 2000 Rating Revaluation.