King Sturge appointed to re-assess £1bn property portfolio

BIRMINGHAM-based regeneration specialist St. Modwen has appointed commercial property consultancy King Sturge to carry out a re-evaluation of its entire portfolio.

The assessment by King Sturge’s building consultancy team is being done for insurance purposes.

St. Modwen’s property portfolio encompasses approximately 80 commercial and industrial sites across the UK including 18 town centre shopping schemes such as Longbridge and Hednesford Gateway, with a total value in excess of £1bn.

Andy Higgs, building consultancy partner at King Sturge in Birmingham, said: “This is an important project for our team that will involve inspecting and revaluing all of the properties, according to need over the next five years.

“We will be working closely with the valuation teams and other building consultancy teams from King Sturge nationally in order to complete this project.”