Making the transition from Development Land to Investment

2 November 2017

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Cooke & Arkwright’s strength is its lifelong commitment to investing in building the skills and careers of talented individuals and supporting them with the training required to reach the high standard of advice expected of Chartered Surveyors. The scale and scope of the business means that surveyors have the opportunity to gain experience working in the full range of property sectors and services.

Law graduate Caryl Howell has recently relocated to the firm’s Investment department to broaden her surveying skills in a new area after working within the Development Land department. Her role there involved advising clients on the acquisition and disposal of residential and commercial development land in Wales and England. This included providing preliminary planning advice and undertaking development appraisals - factors critical to the promotion, sale and acquisition of development land.

While her work with Investment Agency is different in many ways, there are always correlations between different areas of surveying.

“Working in Development Land was a good starting point as it allowed me to build an understanding of basic surveying principles and gain knowledge of wider property market data transferrable to other surveying specialisms, which are all interlinked. This eased the transition from Development to Investment as I was developing the skills and knowledge previously gained.  One of the differences I have noticed however is the pace of work. Some land instructions can take years to complete whereas Investment is a much more fast-moving world.

“As an Investment surveyor it is essential to have good knowledge of local retail, office and industrial values as well as having an awareness of commercial values on a macro economic level.   This is where we can draw on the experience of our colleagues in the commercial agency teams as they can provide the market insight and data that we can then use for our interpretation to provide the best advice to our clients.  Working within the firm is a great opportunity as I am able to gain exposure to different elements of surveying and am able to work closely with my directors who play a pivotal role in my professional development through their support and guidance.”

Mansford has expanded its investment portfolio over the last few years. Over this time Andrew West has provided us with a full rating valuation service which has involved giving a view on liabilities prior to acquisitions, as well as conducting negotiations with Valuation Officers on our UK estate. The portfolio includes a wide range of properties from shops, offices and pubs to major leisure schemes. He has been particularly successful in mitigating our liabilities to empty property rate, which has been an issue on acquisition prior to implementing our development and letting strategy. I have no hesitation in recommending Andrew's expertise in rating valuation for all property types. The profile of property within his portfolio and the successes achieved are testament to his position as an extremely accomplished rating practitioner.

Leopold Hall, Partner, Mansford LLP