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South Hams and West Devon asset revaluation delivered by TDA

1st November 2017

Categories: Latest News

TDA completes revaluation of 190 assets, totalling £102m on behalf of South Hams District Council and West Devon Borough Council.

With a range of assets, including leisure centres, offices, public toilets, depots and business and industrial units, the Councils needed to complete this large exercise in a 3 month time period. 

Guy Pedrick, Senior Specialist of Assets at South Hams District Council and West Devon Borough Council, said: “With over 190 assets needing valuing across the South Hams and West Devon we needed support to get this important project delivered in a timely manner. Professional assistance to deliver this was much needed and TDA are a valued provider of this service.”

TDA managed the bespoke project, providing regular updates on progress through a dedicated resource of one Chartered Surveyor. TDA’s Chartered Surveyor acted as a conduit between the Council’s and TDA’s Estates Team, ensuring all data was provided to assist the project. 

TDA also provides estate service support to South Hams District Council and West Devon Borough Council. The contract involves providing professional advice on all aspects of management of the Council’s estate, including new lettings, lease renewals, rent reviews, wayleaves and easements, release of restrictive covenants and asset valuations.

Guy added: “The continued professional service provided by TDA met the Council’s needs in this project. This enabled existing Council staff to be directed onto other work.  The support provided means our case loads are dealt with efficiently, with expertise and understanding. This service gives our assets team much needed support at a busy and challenging time.”

Property is a vital asset for any business and public sector organisations are going through a significant period of change due to central government cuts. Organisations need to look to the future to ensure their asset base is fit for purpose.

TDA supports local authorities and organisations to proactively manage their asset portfolio performance. Delivering savings, generating revenue and where possible releasing value for reinvestment allows organisations to obtain optimum performance from their asset base.

For asset management services contact Paul Palmer, Estates Manager, on 01803 207920 or email paul.palmer@tedcltd.com

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