Valuation bases for industrial property

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The valuation of industrial property primarily adopts the traditional bases of valuation (see the RICS Valuation – Global Standards, which incorporates the IVS, and RICS Valuation – Global Standards – UK national supplement). Purpose Valuation basis Secured lending Statutory (i.e. tax) Strategic Market value Market rent Accounts purposes Market value/fair value Market rent Existing use value Within those valuation bases, valuers adopt the following...