Michael is responsible for all commercial property valuation, covering loan security, accounts, and taxation valuations. He has a wealth of experience in the commercial property markets with a strong background in the investment sector. His experience in investment and valuation provides him with the ability to value and advise on a wide range of property, particularly with complex and unusual property interests.
As well as normal valuation and investment advice, Michael has advised on many lease re-gearings and marriage value negotiations, structuring of sale and leasebacks and ground rent transactions, strategic investment reviews and Charities Act issues. He has also provided expert witness evidence in several high-profile cases around property valuation. More recently, his experience includes the life sciences sector and acting for Cambridge University and UCL.
Michael’s valuation clients range from UK and overseas banks through to several London estates, charities including Morden College, the Skinners’ Company, the Bank of England, and the City of London Corporation. Working closely with charities and endowments also includes having fund management responsibility for several property endowment funds.
Recent projects
- Portman Estate – Michael is the lead in relation to the valuation of the Estate’s commercial portfolio.
- Soho Estate – Michael is the lead in relation to the valuation of the Soho Estate for accounts purposes. Oxford Science Park – Ongoing valuations for loan security purposes.
- Morden College – Michael is the lead adviser to the Morden College property endowment. When taking on the role as Fund Manager, he identified that the portfolio had no exposure to the Central London market, and this reflected our belief in the long-term performance in the London markets and a desire to protect capital value of the endowment. In addition, as the college is reliant on this income for a portion of its charitable activities, income growth was vital. Since taking over the mandate, Michael is increased the Central London waiting to 51% and has constructed a portfolio where 41% of the income is matched to RPI or to fixed rental increases.
