React News announces new hires in our valuation team. 

Ringley Group has hired Nichola Pughe and Chris Georgallis as heads of its valuation department, React News can reveal.

The duo join the property consultancy from Copping Joyce Surveyors, bringing more than 20 years of combined experience. They both specialise in the commercial and residential sectors, having spent almost a decade at their previous company, where Georgallis led the valuation department and Pughe was the firm’s highest biller.

At Ringley, Pughe and Georgallis will have overall responsibility for the 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 and Eurobank.

The valuation team is based in London. The 115-strong Ringley Group, which manages around £6bn of assets across 13,500 homes, also has branches in Manchester and Cardiff. The firm 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.

Mary-Anne Bowring, group managing director at 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.”