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ChallengeThe machinery and business assets team were asked by a large asset based lending client to provide valuation advice on plant & machinery equipment and property at a number of sites of a major food producer. The purpose of the valuation was to value the assets to enable the company to obtain further funding to assist with their expansion programme. SolutionJones Lang LaSalle’s wide spread of offices and sites across the UK enabled us to quickly mobilise eight machinery and business valuers and four property valuers to the required sites. Inspections of the sites were all undertaken within the clients demanding time scale of three weeks.ResultAll the information obtained on site was then collated and the reports finalised within the time scales required providing the company with detailed valuation reports for each site and in total an excess of £20 million of assets to be used as collateral.
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