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.