Canary Wharf

Our work - 27/10/2021

Canary Wharf College Site, London

We were instructed to prepare an independent assessment of the Market Value of a site near Canary Wharf Business District.

Find out more

Context

  • LocatED is an arms-length body to the Department for Education. It is responsible for buying and developing sites in England to support the provision of education and help deliver new schools.
  • We were instructed to provide valuation advise to LocatED on the proposed purchase of a site situated half a mile south of the Canary Wharf Business District in order to to demonstrate that they were not over paying for a site which was to be transferred from a developer as part of a S106 Agreement. 

Our Approach

  • We prepared a Red Book Valuation on a residual basis considering education and as well as the most likely high value alternative use of residential.
  • This was a complex site with a residual value over £10m.

The Results

  • Our valuation allowed LocatED and the Department of Education to reach agreement with the London Borough of Tower Hamlets.
  • We were subsequently instructed to value the temporary College which occupies purpose built offices in the nearby Selsdon Way. 

Canary Wharf

Get in touch

REGISTER FOR UPDATES

Get the latest insight, event invites and commercial properties by email