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Why keep doing things by the book?

By: Series: Property Week ; 64(25) 25 June 1999, 8(1)Publication details: 1999Subject(s): Summary: A private property group, Rotch, has abandoned use of the RICS Red Book as a basis for valuing its portfolio, and switched to a method refined by an actuarial firm, William M Mercer. The approach uses the concept of 'embedded value', and employs discounted cash flow calculations.

A private property group, Rotch, has abandoned use of the RICS Red Book as a basis for valuing its portfolio, and switched to a method refined by an actuarial firm, William M Mercer. The approach uses the concept of 'embedded value', and employs discounted cash flow calculations.