Hamptons International has unveiled plans to expand further into new markets with the introduction of a valuation division. The new valuation service is the first phase of a longer-term business diversification strategy to successfully broaden the professional services offered by Hamptons International, both in the UK and overseas.
The Valuation Department will be based at Hamptons International’s head office in Grosvenor Square, London and will be led by Nigel Macdonald, former Head of Residential Valuation at Colliers CRE.
The Hamptons International Valuation Department will focus on the valuation and appraisal of residential and mixed-use property for RICS ‘Red Book’ secured lending, divorce/expert witness or capital tax and enfranchisement purposes including development land, prime London and country property, resident portfolios, student accommodation, hostels and international residential and resort valuations.
Nigel Macdonald, Head of Valuation, recently joined Hamptons International to launch the department. Nigel brings with him many years of industry expertise and links to residential properties, portfolios, mixed-use development schemes and analysis. Commenting on the launch, he said:
"The introduction of the Valuation Department will principally utilise the strong reputation and expertise of the Hamptons International brand in higher-end property. However, over the next 12 months, I will be focusing on building the department in further professional work, particularly secured lending valuation and also private valuations through our existing network of branches and overseas offices."
“The Hamptons International network has 85 offices, offering strong coverage in the key prime central London and southern English market. Together with our dedicated research team, which is able to harvest a unique insight into the markets we operate within, we will offer well-informed advice to clients based on our ‘on the ground’ expertise in any chosen location or market sector. We have strong expectations for the department launch and anticipate the introduction of valuation services will have a strong impact on longer-term opportunities for growth at Hamptons International.”
Also joining the valuation team is Jonathan Godfrey, Director. From Jones Lang LaSalle, Jonathan brings with him experience of high value commercial development projects as well as extensive residential expertise. Together, Nigel and Jonathan will focus on establishing Hamptons International in the valuation sector.
Shakeel Barok, Acting Managing Director at Hamptons International stated:
“By expanding into valuation, Hamptons International is continuing to diversify and strengthen our business offering. Our two new appointments, Nigel and Jonathan, are experts in the field of valuation and a crucial asset to our business strategy beyond 2010.”
The launch of the department follows the announcement of several innovative new initiatives from Hamptons International in recent weeks, such as the launch of NANOFUNDS, Hamptons International’s first ever residential fund offering and the recent launch of the Hamptons App for iPhone – the first app launched by a UK residential agency.
Nigel Macdonald can be contacted on macdonaldn@hamptons-int.com and 020 7758 8403
Jonathan Godfrey can be contacted on: godfreyj@hamptons-int.com and 020 7758 8435
For media enquiries please contact:
Kate Tulip, Press Officer, Hamptons International, 020 7758 8405