What's Happening?
Pantera Advisory Group, a Harrogate-based real estate consultancy, has announced the launch of Pantera Valuation Services, a new division focused on asset valuation for the insolvency and lending markets.
This expansion aims to enhance the group's service offerings, which already include property advisory through Pantera Property. The new division will operate from Harrogate and London, led by Kevin Counihan, who brings over 20 years of experience in asset valuation and recovery. Counihan previously headed restructuring valuation services at SIA in London. The initiative is part of Pantera's strategy to provide comprehensive support across the property and asset lifecycle, addressing complex restructuring and insolvency challenges.
Why It's Important?
The launch of Pantera Valuation Services is significant as it addresses the growing demand for specialized asset valuation in the insolvency sector. This move positions Pantera Advisory Group to better serve insolvency practitioners, lenders, and corporates facing financial distress. By expanding its services, Pantera aims to offer a more integrated approach to asset management and recovery, potentially improving outcomes for stakeholders involved in insolvency proceedings. The expertise brought by Kevin Counihan is expected to enhance the group's capabilities, providing clients with responsive and specialized support during challenging financial situations.
What's Next?
Pantera Valuation Services is set to begin operations, focusing on building its client base within the insolvency and lending markets. The division will likely seek to establish partnerships with insolvency practitioners and financial institutions to expand its reach. As the real estate and financial sectors continue to evolve, Pantera may explore further expansions or collaborations to enhance its service offerings. The success of this new division could lead to additional growth opportunities for Pantera Advisory Group, solidifying its position as a comprehensive service provider in the real estate and asset valuation industry.
Beyond the Headlines
The establishment of Pantera Valuation Services highlights the increasing importance of specialized asset valuation in navigating financial distress. This development may prompt other real estate consultancies to consider similar expansions, potentially leading to greater competition and innovation in the sector. Additionally, the focus on insolvency and restructuring could influence broader industry practices, encouraging more proactive approaches to asset management and recovery.
