Richard is a Partner, working in Newmark UK’s Industrial team, based in the West End. He is experienced in the valuation of industrial, energy, infrastructure and logistics properties, in the UK and international assets. Additionally, he has specialist expertise in the energy and aviation / transport sectors.
His extensive experience has focused on providing Red Book valuations for a diverse range of purposes including loan security, financial reporting, taxation, section 18, purchase and sale and planning viability.
Richard chairs the Newmark UK’s Internal Valuation Panel, formulating and promoting best practices. He is also proud to chair the UK LGBTQI+ employee resource network, encouraGE, as we strive to encourage an inclusive environment where everyone feels welcome and valued for who they are.
Recent projects
Energy
The site of the UK’s first Gigafactory in Northumberland - A portfolio of power stations and gas storage facility for SDLT purposes Battery Storage site at a former power station in South Wales Portfolio of UK power stations for purchase price allocation Sites for proposed new nuclear power stations in the UK Portfolio of solar farms to support internal investment strategy Site for a Hydrogen Hub close to a major port in Wales
Aviation / Transport
Valuation of Biggin Hill Airport for internal management purposes Retford Gamston Airport for loan security purposes Hangars at Manchester, Luton and Farnborough Airports Sites at Heathrow Airport Portsmouth International Port for internal management strategy Bournemouth – Swanage Chain Ferry – financial reporting and expert witness
General Industrial / Manufacturing
Portfolio of UK wide distribution warehouses for an online food retailer Oil Refinery and supporting nationwide terminals for financial reporting. Valuation to two bulk storage sites at Seal Sands and Thurrock Major redevelopment site at a freeport in the North East.