02/09/2020
Author : Mary-Anne Bowring
Ringley picked up the 'Highly Commended' award to reflect the work their valuation team do in the specialist field of Leasehold Enfranchisement. "We work mostly for
In fact Ringley were finalists in two categories - the other being Individual Valuer Of The Year. Mary-Anne Bowring, Ringley Group Managing Director says "we are deeply proud of what we have achieved in a modest 10 years. We work the harder side of the fence, mostly championing cases for leaseholders, employing tactics and good negotiation skills.
The notable case that showed how far we can go for clients was a block of 52 flats in Forest Hill Road. Ringley were not the original valuers on this case. We met Mundania Court at the point of the collective enfranchisement group giving up all hopes having spent £15,000 in fees to other advisers. The residents could afford to buy the freehold, but not the roof masts and couldn't see any way around this issue.
Getting the leaseholders re-motivated was not hard. By the time the case came to Tribunal due to leases getting shorter, the contribution per participating flat was circa £14,000 compared to the cost of a lease extension at circa £17,500 per flat. The saving to push forward was significant. The freeholder was a difficult, or should I say 'a strategically clever landlord' who was using the leverage of 4 no. telecommunications masts, roof top, to obstruct the deal in anyway possible.
We had 2 working days to prepare for the Tribunal hearing. The Tribunal was a success. We were able to prove that acquisitions and mergers in the telecoms industry had devalued the masts also the Roman Road case suggested capitalizing 50% of the rents only. The freeholder's expectations or value they put upon the telecoms income was clearly significantly out of kilter with the market. As was the original valuers!
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Mary-Anne Bowring FIRPM FRICS FARLA FCABE Founder/Head of Asset Management
Strategic partnerships, holistic delivery/ opportunities, growth, value engineering, thought leadership
Ian Barber MD BTR Mobilisation & Leasing
Runs HQ & site lease-up teams. Drives rent pricing, mobilisation, marketing, happy residents!
Jon Curtis MRICS Head of Building Engineering
Chartered Building Surveyor. Lectures on EWS1 & building safety. Runs CapEx programmes.
Kate Robinson MIRPM MD Blocks/FM Management (London Region)
Master plan setup, ops and staffing and resident engagement. ISO45001 champion.
Lee Harle Partner Ringley Law
Plot conveyancing. Debt litigation. Group Company Secretary.
Anthony Kingdon MIRPM AssocRICS MD Blocks/FM Management (North Region)
Stakeholder engagement. Mixed tenure specialist. Budget management. Plant audit, PPM compliance.
Chris Georgalis MRICS Head of Commercial Valuation
Chartered Valuer. Rental valuations: retail, leisure. IRR modelling and valuations for secured lending. Compulsory purchase & rent reviews
Nichola Pughe MRICS Head of Residential Valuation
Chartered Valuer. Rental development & mixed use valuations, IRR modelling. Leasehold enfranchisement specialist
Libby Chen MSc Compliance Manager
Operational Plant & Equipment strategy PPM Compliance lead, Asset tagging Client major projects
Dipesh Parekh Director PlanetRent
Customer centric, vertically integrated PropTech/fin-tech solutions.
Leana Aristodemou MIRPM MARLA AssocRICS Strategic lead: ESG & Asset Business Plan delivery
Financial modelling, valuation analyst to support underwriting & fund reporting.
Natalie Birmingham Helpdesk Support Manager
Trainer & Helpdesk Manager: people, systems,contractors. ISO45001 supply chain accreditation.
Steve Norman Planning Director
Land due diligence (opportunities & constraints) Has contributed to a number of award winning schemes.
