Prior's Court's updated campus valued by Christie & Co
Specialist business property adviser, Christie & Co has worked with HSBC on the completion of the valuation of Prior’s Court School following the completion of a new accommodation building and refurbishment to the site’s other buildings.
Established as a Special Educational Needs school in 1999, the organisation operates as a non-profit charity which provides educational facilities, accommodation, young adult provision, along with a training and development centre. The campus comprises of a collection of school and recreational buildings, cottages, bungalows and accommodation blocks, and various amenities including a theatre, gym and swimming pool over approximately 50 acres of grounds.
The bank required a current valuation and a projected valuation based on the updates to the campus, and the generation of a further 24 rooms in the new accommodation building. Additionally, relocation of the residents following the new developments allowed for a further 10 residents.
Conducted on behalf of the Operator, this RICS Red Book valuation was completed for loan security purposes.
Jennifer Gill, Senior Surveyor – Childcare & Education at Christie & Co, comments, “Utilising our extensive experience in the education sector, we were able to assist Prior’s Court in providing an informed and reliable valuation of the updated campus following its various improvements. The enhanced site and its additional accommodation building will no doubt be greatly appreciated by those who benefit from the facility’s exceptional offering.”
Garry Matthews, Relationship Director, Corporate Banking at HSBC comments, “We have worked with Prior’s Court for a number of years and were keen to assist with their development plans. We have provided financial support for the investment allowing the operation to expand its facility. With Christie & Co on board we have been able to ensure a smooth and swift process, and we look forward to seeing the premises thrive in the future.”
