Residential asset management and operating partner Ringley Group has announced a double executive hire, with Nichola Pughe and Chris Georgallis joining from Copping Joyce Surveyors to head up the valuation department.

Pughe and Georgallis will have overall responsibility for Ringley’s valuation arm, which helps institutional property companies strengthen their portfolios through mortgage valuations, rent projections and reviews, development appraisals, site valuations, project monitoring, and more. It works with major banks including Barclays, Natwest, Yorkshire Building Society, Close Brothers plc and Eurobank.

The pair bring over 20 years of experience to the valuation department and the 115 strong Ringley Group, which specialises in full life-cycle asset management for the living sector. Core services include tech-enabled investment strategies, site finding, operational strategies, leasing, and finance, working with major developers, investors, and fund managers such as PATRIZIA, Europa Capital and Rise Homes.

Pughe and Georgallis, who specialise in both the commercial and residential sectors, spent almost a decade at their previous conpany, where Georgallis headed up the valuation department, and Pughe was the firm’s highest biller. The valuation team is based out of the London office of Ringley Group, which also has branches in Manchester and Cardiff.

Ringley manages around £6bn of assets across 13,500 homes, with other past and current clients including Berkeley Group, Curlew, Gresham House, Grosvenor, Long Harbour, and Moda.

Mary-Anne Bowring, group managing director, Ringley Group, said: “Chris and Nichola will offer real value to our existing and prospective clients at a time when investors are applying extra caution to their capital commitments.

“They can work in isolated parts of the capital stack or across the entirety of it, a highly valuable benefit to our clients as residential property groups – in particular – make the move towards a vertically integrated investment, development and operational model.”