Skip to content

Programme: RICS Valuation Conference 2018

08:30 - 10:55

08:30: Registration and refreshments

09:30: Chair’s opening comments

  • Ben Elder, Global Valuations Standards Director, RICS

09:25: Opening address

  • John Hughes, President, RICS

09:35: Economic update and investment in the UK market

  • UK economic performance
  • Implications for domestic real estate
  • The European Context as Brexit nears

Simon Rubinsohn, Chief Economist, RICS

10:15: Risk, Liability and insurance in Valuation

  • Update to the RICS PII guidance note
  • Key risks and liabilities in valuation
  • Valuation legal update
  • Case studies

Tom White, Partner, Clyde & Co

10:55 - 14:05

10:55: Refreshment break

11:25: Changes to the Red BookLatest changes to the Red Book

New structure for the Red Book

  • New structure for the Red Book
  • UK National Chapter
  • UK scope, exceptions and departures
  • UK application of Valuation Practice Statements 1 & 2

Ben Elder, Global Valuations Standards Director, RICS

12:05: Panel discussion: Human v/s machine

  • The future of valuation technology
  • How far can technology replace valuation?
  • Red Book implications

Panellists:

  • Peter Parson, Senior Director, CBRE (panel moderator)
  • Ben Elder, Global Valuations Standards Director, RICS James Smith, Senior Portfolio Surveyor, Aviva Investors
  • Dan Benton, Product Manager, EG valuations360

13:05: Lunch

Afternoon sessions

The five streams below will take place at the same time. Delegates choose either between breakouts 1, 2, 3, 4 or 5 depending on their specialism.

Breakout 1: Real Estate

Session Chair

Chair: Peter Parson, Senior Director, CBRE

14:05: DRC Valuation in the public sector

  • Application of DRC to public sector assets
  • Guidance on different types of public sector assets
  • Key considerations

Graham Stalker, Head of PS Professional Guidance, VOA

14:45: Minimum Energy Efficiency Standards and impact on valuation

  • RICS guidance
  • Effects on commercial property values
  • Update on the ReValue project

Sarah Sayce, Professor, University of Reading and Visiting Professor, Royal Agricultural University

15:25: Refreshment break

15:55: European bank lending valuations and mortgage lending value

  • Principles for producing Mortgage Lending Value
  • Concept of sustainable and long-term value
  • Role of RICS Valuer

Neil Crosby, Professor of Real Estate, University of Reading

16:35: Valuing Build to Rent properties

  • Market context
  • Information required by the valuer
  • Valuation approaches
  • Assumptions and considerations

Jason Hardman, Executive Director, CBRE

17:15: Chair’s closing remarks followed by drinks reception in the exhibition area

17:15 - 19:00: Drinks reception

Breakout 2: Machinery and Business Asset

Session Chair:

Ian Maycock, Director, Charterfields and Chair of RICS Machinery and Business Assets Professional Group

14:05: General Data Protection Regulation

  • Do companies need to be compliant with GDPR?
  • Providing transparency and accountability
  • Key need to know

Dave Ramsey, Director of Data Standards, RICS

14:45: Surveying the sea

  • Update on yacht and commercial ship market
  • What does it take to be a maritime valuer?
  • Importance of professional valuations
  • Case study

Captain Ed Geary, Expert in Admiralty and Maritime, Geary International Ltd

15:25: Refreshment break

15:55: Intellectual property valuation with emphasis on insolvency

Nat Baldwin, Director, Hilco

16:35: MBA valuations under IFRS

  • IVS and the Red Book
  • IFRS Refresher
  • IFRS 102

Sam Hinder, Associate Director, Hilco

17:15: Chair’s closing remarks followed by drinks reception in the exhibition area

17:15 - 19:00: Drinks reception

Breakout 3: Arts & Antiques

Session Chair:

Andrea Amadesi, Partner, APREA and Chair of RICS Global Personal Property/Arts & Antiques Professional Group Board

14:05: Brexit and impact on the art market

  • The globalisation of the arts and antiques market
  • How will the art industry remains competitive after Brexit
  • Opportunities and threats that lie ahead post Brexit

Craig Davies, Partner, Rawlinson & Hunter
Catherine Thompson, Senior Manager, Rawlinson & Hunter

14:45: Ivory trade

  • Rules around ivory market
  • Ivory ban in the UK – how will this affect arts and antiques valuers?
  • Future development

Ivan Macquisten, Owner, Macquisten Consultants Ltd

15:25: Refreshment break

15:55: General Data Protection Regulation

  • Do art companies need to be compliant with GDPR?
  • Providing transparency and accountability
  • Key need to know

Daniel Gibson, Information Governance and Data Protection Compliance Officer, RICS

16:35: Insurance valuation

  • Importance of valuation of contents and valuables
  • Valuation methods
  • Negotiating with loss adjusters and insurers: key need to know

Andrew Acquier, Chartered Arts and Antiques Surveyor, Andrew Acquier

17:15: Chair’s closing remarks followed by drinks reception in the exhibition area 

17:15 - 19:00: Drinks reception

Breakout 4: Business Valuation

Session Chair

Kelvin King, Senior Partner, Valuation Consulting and Chair of RICS Business Valuation Professional Group 

14:05: Session to be delivered by HMRC

  • Barry Roland, Assistant Director, Business Assets and International, HMRC
  •  

14:45: Impact of quantitative easing on discount rates

Mike Evans, Director – Valuation & Business Modelling, EY

15:25: Refreshment break

15:55: Panel discussion on transfer pricing

Panelists:

  • Adrian Nicholls, Partner – Valuation and Business modelling, EY (moderator)
  • Ted Keen, Independent Consultant, Ted Keen Transfer Pricing
  • Paul Simpson, Assistant Director, Business Assets and International, HMRC
  • Danny Beeton, Managing Director, Duff & Phelps

16:40 IFRS 16 update

  • Reporting leasing transactions – what’s changed?
  • How will your business be affected?

Doug Marvin, Director of Real Estate Valuations, KPMG
Alastair Kisby, Manager, KPMG

17:15: Chair’s closing remarks followed by drinks reception in the exhibition area

17:15 - 19:00: Drinks reception

Breakout 5: Trade Related Property Group

Session Chair:

Chair: Samantha Rowland, Director – Healthcare, Savills and Chair of RICS Trade Related Valuation Professional Group

14:05: Alternatives market sector updates and what’s changed

  • Healthcare
  • Licensed Leisure
  • Hotels
  • Education
  • The other alternatives

Samantha Rowland, Director – Healthcare, Savills
Graeme Bunn, Managing Director, Fleurets
Miles Auger, Director – Valuation Services, CBRE
James Higham, Associate Director – Education Property, Savills
Amanda Blythe Smith, Associate Director, Leisure & Trading, Savills

15:25: Refreshment break

15:55: Rating revaluation for trading related properties

Charles Wilford, Partner, Gerald Eve

16:35: Panel discussion: Ground rent/income strips

  • Risks and difference between mature trading models and properties under development

17:15: Chair’s closing remarks followed by drinks reception in the exhibition area

17:15 - 19:00: Drinks reception