As the largest local authority in Scotland, NLC’s asset register consists of a range of commercial and operational assets, as well as a significant housing stock.

Our team were asked to provide valuation advice for audit purposes across all asset classes, including schools, day centres, libraries, offices, industrial units, parcels of land and some 36,000 residential units.

What was our approach?

Given the size of the local authority and the variance of assets within the portfolio, a significant amount of data transfer and organised file structures were needed.

The exercise required a deep analysis of the various market sectors and valuation approaches, along with cross comparison of historic values in order to address any queries raised by external auditors.

Our approach was to firstly identify NLC’s requirements and the time scales, which enabled us to design a strategy for large scale data transfer and manage data interrogation.

The assets were split into parcels across our teams by location and asset class and the exercise of digesting the large amount of data provided followed.

Results achieved

The team developed an ergonomic inspection strategy, the output was considered and a draft sub report for each asset was developed and agreed with NLC. A valuation table was then designed in conjunction with the client to cover the specific data outputs required to meet financial reporting protocols.

Throughout the project, all deadlines were met and our team successfully integrated with the NLC’s existing property teams to deliver the required output.