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TDA completes challenging revaluation programme for Taunton Deane and West Somerset

22nd November 2017

Categories: Latest News

TDA provided a team of chartered surveyors to undertake the asset valuation programmes for Taunton Deane Borough Council and West Somerset District Council, revaluing 310 assets, totalling £109m.

Drawing upon detailed market knowledge and working closely with the asset management teams from both authorities, the assets were valued and the project was completed within the agreed timescale.

Tim Child, Asset Manager for Taunton Deane Borough Council and West Somerset Council, said: “With 310 assets and 101 parcels of land needing valuing across Taunton Deane and West Somerset and an additional 75 beacon properties in our Taunton Deane Housing Portfolio we needed support to get this project delivered in a timely manner.”

The Councils were required to revalue a significant proportion of their property portfolio in relation to the delivery of the authority’s annual accounts.

With a mix of assets from their general fund, investment assets and assets held for sale, the revaluation programme was required for property and land within an 8 week time frame.

Tim added: “An excellent service was provided by TDA with a very challenging project. A number of TDA staff were involved and worked well as a team under challenging timescales and were competent and very professional in their approach.”

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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