Property valuation is nothing but estimating the current price that is prevailing in the market of the property. Qualified property valuers use various techniques to estimate the price of the property on which property valuation has been conducted. They are expert in the field of property valuation. We have the reserves to continue investing in the UK and hopefully we will be announcing new acquisitions over the next few weeks. As well as a significant release of equity, the deal provides us with substantial cash flow benefits over the next few years.
Property valuers are the members of Australian Property Institute (API), which makes them all the more competent in the field of property valuation. Following hot on the heels of the success of Phase 1, Phase 2 of the redevelopment work has now commenced involving 44-48 Bow Lane. Refurbishment over the next 7 to 8 months will create 9,000 sq ft of office space and additional retail space on the ground floor.
They with their skill and deep rooted information of property valuation helps in assessing the current market price of the property on which property Valuations VIC has been conducted. They have a very profound understanding of the whole property valuation technique which helps them in calculating the price the property perfectly and without any error.
Redevelopment work will be supplemented by proposed improvements to the streetscene architecture, involving signage and lighting to enhance the character of the area. Warner Estate Holdings PLC, owners of the Port Arcades in the centre of Ellesmere Port, have received outline planning permission for a major £5 million refurbishment to the 18,580 sq m (200,000 sq ft) centre in Ellesmere Port.
Warner Estate, which has a £300 million property portfolio, intends to carry out a three-phase refurbishment programme in order to ensure the continued vitality of the centre which is anchored by T.J. Hughes, Littlewoods, Argos, Peacocks and Home Bargains. Phase I includes the creation of a 1,858 sq m (20,000 sq ft) retail unit with ancillary space of 743 sq m (8,000 sq ft) on first floor and a first floor leisure unit of 1,486 sq m (16,000 sq ft) with dedicated ground floor access.