Our client was selling some agricultural land and entered into an option with a house builder, who agreed to take on the risk of obtaining planning permission. This was awarded, but a dispute then arose about the value of the land, which threatened to derail the project entirely.
JK’s consultant was appointed as an expert witness to submit a report and opinion, on the true value of the land. As an expert, whilst paid by one of the parties, the primary duty is to the appointed arbitrator, to give a fair and true opinion to assist them in arriving at a fair decision. This entailed undertaking detailed research into the sale of land for similar developments, the sale price of houses for the planning consent obtained and the cost of construction - including the specific extra costs for developing this particular site, services and accessibility. JK submitted a detailed report, valuation and opinion with full justification to the arbitrator, as did the expert appointed for the other side. Each gave a critical assessment of the other's opinion before the arbitrator issued his determination on the price payable.
"Through a detailed investigation of values and costs, a true assessment of the value of the land was achieved."
Through a detailed investigation of values and costs, a true assessment of the value of the land was achieved. This resulted in a significant difference in the sale price that clearly justified our fees and delivered substantial value for money for our client.
“Kevan is an industry specialist who is well connected in his sphere … he has the ability to make the right contacts at the right level to bring projects forward and into delivery. Kevan is professional in everything he does and he has been particularly useful in assisting AHTO with developing a footprint in the North East.“
Managing Director, AHTO
“Kevan and his team provide invaluable help and assistance on both the obvious and the complicated. Always available, really helpful and responsive.”
Development Director, Barratt Homes
“Kevan provided Turner & Townsend with invaluable support when we relocated our Newcastle office. His knowledge of the local area, agents, market conditions and how to achieve the optimum solution was exceptional. We are truly grateful for his insight and support in finding us a fantastic new location for our team here in Newcastle. Kevan is a true expert and would highly recommend if you have any property-related matters.”
Director, North East Strategic Lead – UK & Global Head of Healthcare, Turner & Townsend
“Genr8 has taken advice from JK Property Consultants for many years, whenever we have been involved in or considering development schemes in the North East, they have an unrivalled knowledge and understanding of the market's requirements.”
Chairman, Genr8 Developments LLP
“JK Property Consultants helped us in our search as a new business to find the best possible premises and location in which to set up our artisan bakery. There was a scarcity of small units fit for the food hygiene needs. Their knowledge of the availability of units, and the help and guidance given, enabled us to find suitable premises from which to grow and thrive through a very challenging economic climate”
Company Director, Bread&
“Tees Valley Combined Authority worked closely with JK Property Consultancy on the purchase of Teesside International Airport and on the development of the Southside business park on the site. At every stage, they were efficient, professional and thorough, helping us to easily navigate a complex and high-profile acquisition. I’d like to thank them for their assistance and would have no hesitation in wholeheartedly recommending their service."
Chief Executive, Tees Valley Combined Authority
"I have known Kevan and JK Property Consultants for many years and have always experienced an expert, excellent and ethical service. We have most recently used JK Property Consultants to complete a substantial commercial property transaction and would not hesitate to recommend them. I am also aware of the work Kevan and the team do to provide advice and support around a range of property related matters which is equally as highly regarded."
Nicki Clark OBE
Chief Executive, We are Umi