Leeds property experts value £200m of property in H1

The Leeds office of a leading property specialist reported a valuation total of almost £200m of property in the first half of 2022.

Commercial and residential property expert Bradley Hall saw property values exceed £105m during the second quarter of 2022, up from c. £92m in the first quarter. The firm is now on track to reach valuations of £400m before the end of the year.

One of the highest valuations was linked to a development of a prime piece of land for a residential scheme close to York with anticipated realisations into the millions. Another valuation completed during the period was of 62,000 sq ft in Bradford, comprising of a 56,000 sq ft industrial unit and a 6,000 sq ft office block.

Speaking about the deals, director David Cran said: “Much has been made of the future of the property market in the wake of the pandemic and rising inflation, however the market here in Yorkshire appears to be far more resilient than some industry commentators predicted.

“Over the past six months, we’ve completed commercial and residential valuations worth just short of £200m, so there is certainly still a lot of activity still taking place. That’s not to say the market won’t have its challenges, as I’m sure it will have an impact on the confidence of some buyers, however if the first six months of 2022 is anything to go by, then the outlook may not be as bleak as many people initially predicted.”

Bradley Hall recently relocated its Leeds team to a new 1,600 sq ft Yorkshire head office at 6 Park Place, just a stone’s throw from Park Square in the city centre. The move will see the firm double its headcount in the city over the next 12 months as it looks to meet growing client demand from across Yorkshire.

Cran added: “We’ve really cemented ourselves as a go to agency that people can trust since opening our Leeds office in June 2020, and this is reflected in the incredible projects the team have since undertaken.

“Looking forward, our goal over the next 12 months is to continue building on this success and establishing our presence in the region by adding to our team and continuing to form and strengthen relationships with businesses and clients across Leeds and the wider City Region.”

Bradley Hall is a trusted partner of a variety of bank panels, being approved and appointed to work with Barclays Bank Plc., Lloyds Bank Plc, Yorkshire Bank and OneSavings Bank.

By Mark Adair – Correspondent, Bdaily