Strategic real estate advisor Avison Young has announced the appointment of Tim Harrison to its national Business Rates team, where he will focus on infrastructure and water companies.

Tim joins as a Principal based in London, having most recently worked for CBRE. With over 25 years’ of post-qualification experience, dealing with a wide variety of commercial valuation and inspection work, Tim has provided rating advice for BT and Virgin Media’s telecoms networks, for South East Water, Affinity Water and Sutton & East Surrey Water, as well as for HS1’s rail network.

Tim has considerable expertise in the application of the receipt and expenditure method of valuation, with the ability to challenge the status quo in the use of this valuation method.

David Jones, Managing Director of the national Business Rates team, said:
“Tim has a wealth of experience in dealing with some of the most complex and prestigious asset classes in the UK. He will enable both the development of new areas of work as well as complement the team across a number of existing client accounts. It is great to have him on board.”

Tim Harrison added:
“I am delighted to have joined one of the UK’s leading business rates teams and look forward to exploring new business opportunities, notably within the receipts & expenditure field of rating, as well as being involved across the existing client base.

With the next revaluation set for 2023, it will be essential for large infrastructure companies such as those in transport, telecoms and the water industry, that have significant Capex investment plans, to begin engaging with the Valuation Office Agency & Scottish Assessors this year to try and agree their rateable values and subsequent rates liabilities that will be payable from April 2023. This will enable them to have some certainty over this significant cost to their businesses.”

Avison Young’s Business Rates team supports over 2,600 clients across the UK, combining specialist valuation expertise and regional knowledge, and saving over £300 million in business rates annually.