Glanmore valuation row exposes fault lines in methodology
Language: English Series: Property Week ; 78(17) 27 April 2012, 76-77(2) Publication details: 2012Subject(s): Summary: A row has broken out between Glanmore Property Fund and one of its lenders, the Royal Bank of Scotland, over the lender's valuation of Glanmore's portfolio, which is vital to Glanmore securing refinancing of a £300m loan that matures this April. The dispute highlights the problems facing valuers working in bull or bear markets, hints at a ticking timebomb for secondary valuations and exposes fault lines in the valuation methodology applied in this case.| Item type | Current library | Call number | Status | Barcode | |
|---|---|---|---|---|---|
| Journal | London Journal article | L156142 (Browse shelf(Opens below)) | Available | 156142-1001 |
A row has broken out between Glanmore Property Fund and one of its lenders, the Royal Bank of Scotland, over the lender's valuation of Glanmore's portfolio, which is vital to Glanmore securing refinancing of a £300m loan that matures this April. The dispute highlights the problems facing valuers working in bull or bear markets, hints at a ticking timebomb for secondary valuations and exposes fault lines in the valuation methodology applied in this case.