People

William Arkell

Partner

Location
London (West End)

Contact William
T: +44 (0)20 7333 6381
E: warkell@geraldeve.com

William is a Partner in our Alternative Markets department and is a RICS Registered Valuer.  His expertise is in valuation and property taxation including all rating issues, advising clients in the education, healthcare and local authority sectors.  He has particular expertise in portfolio valuations and financial reporting valuations.  William also has 11 years’ proficiency in the application of the Depreciated Replacement Cost and Contractors methods of valuation for specialised properties.

Specific experience

Will has provided IFRS compliant valuations on many of the City of London’s operational assets including three operational police stations, the Old Bailey (Central Criminal Court), the Barbican Arts Complex and the Golden Lane Leisure Centre.   He has also valued Sport England estate in Bisham Abbey, Lilleshall and North Wales.

Will manages and undertakes ‘red book’ portfolio valuations for financial reporting purposes under IFRS for the Portman Estate and Wellcome Trust Estates and has previously valued elements of the Grosvenor Estate.

Will has also provided financial reporting valuations to the Natural History Museum, the National Maritime Museum, the Science Museum and the Royal Armouries which are largely undertaken by reference to the DRC method of valuation.

Will has valued over £3 billion of University assets in recent years many as part of the transition in accounting standards from UK GAAP to FRS 102. Universities that Will has valued include: University of Cambridge, University of Sheffield, University of Surrey, University of East Anglia, University of Essex, University of Greenwich, University of Ulster, Cranfield University & Kings College London.

Will has undertaken IFRS compliant valuations on a Fair Value basis for many NHS Trusts and NHS Foundation Trusts including amongst others the Chelsea and Westminster Hospital NHS FT, Brighton and Sussex University Hospital FT, St Georges Hospital, Royal Berkshire NHS FT, University Hospitals Southampton NHS FT, North West Anglia NHS FT, Queen Victoria Hospital NHS FT, Luton and Dunstable University Hospital and Bedford Hospital.  He is advising Trusts on the impact of forthcoming IFRS 16, as well as assisting Trusts by providing ad-hoc valuations on various disposal sites.

Advising the University of Cambridge, University of Surrey, National Maritime Museum, Downing College and various specialised properties on the provision of reinstatement cost assessments.

Providing strategic rating advice and consultancy to numerous universities and colleges, including Durham University, University of Cambridge, University of Essex, University of Leeds, University of Southampton, University of East Anglia amongst others.  The work involves negotiating favourable settlements with the Valuation Office Agency, pursuing empty rates mitigation strategies and providing rates liability estimates.

Will was heavily involved in negotiating the Universities valuation scheme for the 2017 Revaluation on behalf of Universities UK and AUDE which involved analysing over 300 University new building projects to obtain primary build cost evidence and designing a new Age & Obsolescence scale to replace ‘Monsanto’.