Following increased demand due to fluctuating market reports and heightened uncertainty around the value of the global property markets, VAS Group’s valuation management division has launched collateral monitoring.
The service will provide desktop valuations for existing loan books through its team of surveyors, to give an accurate snapshot of commercial real estate portfolios.
Target clients include large financial lending institutions, debt funds and alternative lenders and institutional fund managers throughout the UK and Europe.
As well as providing an up-to-the-minute overview of property and portfolio value, companies will be able to quickly identify properties which require immediate intervention and where it would be prudent to instruct a full external revaluation.
VAS Valuation Management was launched in March 2020 by Taco Brink (pictured), co-founder and managing director, Ian Wimpenny, partner, and Stephen Todd, co-founder of VAS Group.
Brink said: “The COVID-19 epidemic has expedited structural changes in the property market and there are differing weekly reports from around the globe opining on the impact this will have on the value of the commercial real estate market.
“Our team of senior valuation professionals will review previous property and portfolio valuations, monitor market sentiment and transactions, and provide a fresh view on current values to assist companies in determining their optimal strategy.
“In the coming months the true effect of the economic shutdown will show within rental delinquencies and eventually loan defaults, we are here to help clients navigate the ambiguities of valuations and deliver certainty.”