Cases - United Bank of Kuwait v Prudential Property Services Ltd
Record details
- Name
- United Bank of Kuwait v Prudential Property Services Ltd
- Date
- [1994]
- Citation
- 2 EGLR 143
- Keywords
- Negligence in valuations and surveys
- Summary
-
The defendants carried out a valuation for the claimant lender of a completed development, a former public house that had been refurbished as retail and office premises. They were held negligent in having miscalculated rental values in the area and in failing to make any allowance for the fact that part of the property was over-rented.