What's Happening?
Pantera Advisory Group, a real estate consultancy based in Harrogate, has announced the launch of Pantera Valuation Services, a new division focused on asset valuation. This expansion aims to serve the insolvency
and lending markets, providing a comprehensive range of valuation services. The 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 worked at SIA in London, where he was head of restructuring valuation services. The new division is part of Pantera's strategy to offer integrated services across the property and asset lifecycle, enhancing their support for clients facing complex restructuring and insolvency challenges.
Why It's Important?
The establishment of Pantera Valuation Services is significant for the insolvency and lending sectors, as it provides specialized asset valuation services that are crucial during financial restructuring. This move reflects the growing demand for expert valuation in the UK, particularly in the context of economic uncertainties that can lead to increased insolvency cases. By expanding its services, Pantera Advisory Group positions itself as a key player in the real estate consultancy market, potentially attracting more clients seeking comprehensive support in asset management and recovery. The expertise brought by Kevin Counihan is expected to enhance the division's capability to deliver responsive and specialized services, benefiting insolvency practitioners and lenders.
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 engage with insolvency practitioners and lenders to offer tailored valuation solutions. As the economic landscape evolves, the demand for such services may increase, prompting further growth and expansion of Pantera's offerings. The leadership of Kevin Counihan will be crucial in navigating the challenges and opportunities in the asset valuation sector, potentially leading to strategic partnerships and collaborations that could further strengthen Pantera's market position.
Beyond the Headlines
The launch of Pantera Valuation Services highlights the importance of specialized asset valuation in the real estate sector, particularly during times of economic uncertainty. This development may influence other real estate consultancies to expand their services to include asset valuation, recognizing the need for comprehensive support in financial restructuring. Additionally, the focus on insolvency and lending markets underscores the critical role of valuation services in facilitating effective asset management and recovery, which can have broader implications for financial stability and economic recovery.
