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Richard Ayres

Partner

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I’m the Partner responsible for the Specialist Property Rating and Valuation team here at Gerald Eve’s London West End office. I specialise in asset valuation and rating matters and have particular experience of specialised properties and those used for charitable purposes.

I provided a complete rating appeals and consultancy service to more than 30 universities in the 2005, 2010 and 2017 rating lists, saving them in excess of £10m through reductions negotiated in the 2010 rating revaluation. I also provide rating advice to a number of major national museums and galleries including the British Museum, for which I secured a rate rebate of more than £1m in the 2000 rating revaluation. I have particular expertise in DRC valuation techniques including asset lifting and componentisation apportionments.

My clients include universities, local authorities, NHS trusts, major national museums and London estates.

 

MY RECENT PROJECTS

  • UK University Sector – Business Rates Agreement – I am the lead negotiator on a memorandum of agreement on the valuation of universities for rating purposes in the 2005, 2010 and 2017 Rating Revaluations.
  • North West Cambridge Investment Portfolio – I am the Client partner responsible for asset valuation of University of Cambridge investment portfolio comprising key worker housing, community assets, retail and development land.
  • King’s College London – I provide business rates and valuation advice across all elements of KCL’s multi-site estate. My recent work includes a full estate valuation for financial reporting; strategic valuation advice on properties being considered for potential disposal; and empty rates advice on the University’s Aldwych Quarter site.

My Sectors

Arts & Culture Charity & Religious Education Healthcare Public Sector Residential Independent Schools Universities Operational Real Estate

My Services

Business Rates Asset Valuation & Advisory