Upper Trinity Street, Digbeth valuation

Red Book valuation provided to Homes England regarding Upper Trinity Street, Digbeth.

The following scope of reporting requirements includes:

• Draft Red Book Valuation Report with indicative security value

• Completed Red Book Valuation Report for the purpose of security lending

Both reports should include commentary on the following:

• Market value of Phases 2-5 if the property were to be sold today.

• Market Value of the Property (Phases 2-5) both individually and collectively based on the existing planning consent (excluding Phase 1).

• Market Value of the Property (Phases 2-5) both individually and collectively based on the existing planning consent (excluding Phase 1) and a special assumption of receipt of £3.17m grant to the Borrower for abnormal costs incurred related to Phase 1 (further detail to be provided on Instruction).

• Market Value of the Property (Phases 2-5) both individually and collectively based on the existing planning consent (excluding Phase 1) and a special assumption of receipt of £3.17m grant to the Borrower for abnormal costs incurred related to Phase 1 and additional massing (57 dwellings) on Phase 2 through a s73 amendment (supporting documentation to be provided on Instruction).

• Market Value of the Property on the basis of (Phases 2-5) both individually and collectively on the special assumption of a new planning consent, (excluding Phase 1) and receipt of £3.17m grant to the Borrower for abnormal costs incurred related to Phase 1 and additional massing on Phase 2-5 (+303 dwellings includes change of use)