BCSC publishes pricing guide

The British Council of Shopping Centres (BSCS) has published its 2011 Shopping Centre Asset Pricing Guide. The guide sets out information that the retail property organisation believes is best considered to ensure a more accurate calculation of investment risk.

The BCSC said it was not concerned with valuation methodology but rather help on a practical approach to the gathering of relevant information for providing advice on shopping centre investment. It said the guide was aimed principally at highlighting to valuers, advisors, investors and lenders the range of information BCSC recommends is taken into account when undertaking an assessment of the value of shopping centres.

The BCSC said it should be noted that every valuation was a bespoke instruction between client and advisor. Therefore not all of the issues outlined would be applicable to all shopping centre assessments all of the time. But, where they were, those requesting valuations, or other advice, would want to ensure that information to be supplied or obtained was suitably covered when agreeing the terms of engagement.