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Seminars

Valuation of flexible working space

Challenges, risks and opportunities

Twitter: #ricscpd

Date:
Tue 4 Feb 2020
Time:
05:15 PM - 06:45 PM
Venue:
The Studio, 7 Cannon Street, Birmingham, West Midlands, B2 5EP
CPD:
1 hour formal CPD

Free with CPD Foundation subscription

Available to non subscribers from
£35 + VAT

Overview

The workspace market as a whole is changing. The valuation of real estate containing flexible workspace presents specific valuation challenges requiring specialist knowledge, data and a clear and objective market overview. It is imperative on valuers acting or looking to act in this market to understand and resolve these challenges.   

Flexible workspace is a generic term for a multi-faceted market requiring valuation analysis tailored to individual circumstances. Be it the valuation of a real estate asset containing (or likely to contain) a flexible workspace operator, an interest in that real estate or the valuation of the business itself – principles contained in RICS Global “Red Book” Standards and International Valuation Standards (IVS) apply. Valuers acting or looking to act in this market should be aware of the valuation challenges that exist, including separating business value, brand and goodwill from real estate value, joint ventures and incentives, risks and opportunities and the need for objective, data driven solutions. 

Themes to be discussed include:

  • Market outline
  • Consumer offering (private office, co-working, corporate, communal and services) and ownership structures (freehold, leasehold, opco/propco, management agreement)
  • Common methodologies, purposes and bases
  • Links to Red Book

The published time is when registration opens. The seminar will begin 30 minutes later.

Price

  • CPD Foundation Subscribers Free
  • RICS professionals £35 + VAT
  • Non-RICS professionals £47.25 + VAT
  • Visa

  • Mastercard

Speaker

Charles Golding MRICS
Tangible Assets Valuation Associate Director, RICS

Charles Golding MRICS is Tangible Assets Valuation Associate Director at RICS. He is the author of a recent RICS Property Journal article on the valuation of flexible workspace and an RICS Insight Report on the same topic.

Charles has worked across a wide range of valuation disciplines in both public and private practice. He has provided valuations for government and multinational clients on property types ranging from luxury hotels and Olympic sports venues to distribution centres and prime office blocks. He has given expert witness evidence in the UK Valuation Tribunal and Upper Tribunal (Lands Chamber) and worked as a policy adviser to UK Government on local taxation regulations and digital improvements. Charles has presented seminars in the UK and Europe on RICS standards and contemporary valuation topics and was a flexible workspace valuation panel member at the 2019 Property Week Workspace Conference.

This seminar is available for free when you have an active CPD Foundation Annual Subscription.

CPD Foundation is suitable for all professionals, at all levels and covers a wide range of topics. You do not need to be an RICS member to purchase a subscription or book onto a seminar.

Find out more

Available to non subscribers from
£35 + VAT