: Project London, three development sites in London
: Barclays Bank Plc and Royal Bank of Scotland
: Q2 / Q3 2013
JLL provided valuation and consultancy advice as part of a valuation exercise of three large development sites in London which have been acquired and developed by Joint Venture Partners Barratt and London and Quadrant (L&Q). The developments at Queensland Terrace in Islington, Fulham Riverside and Altitude, Alie Street will deliver approximately 1,700 residential units with a Gross Development Value of approximately £1.2 bn.
To provide detailed and formal Red Book valuations of each asset to senior debt lenders to ascertain the current Market Value of each site and the expected Gross Development Value of each scheme on completion.
- Instructed June 2013.
- Accurately valued each of the schemes on the basis of current Market Value and expected Gross Development Value.
- Prepared full detailed valuation report for each site on behalf of senior debt lenders.
- On-going role assisting financial institutions where required.