Savills has recently announced the appointment of William Davies from Allsop to the role of co-head of PBSA valuations. Bringing over 15 years of experience from Allsop, where he specialised in valuations within both the residential and student housing sectors, Davies is set to make a significant impact in his new position. Before his tenure at Allsop, he served as a surveyor at Cluttons, further strengthening his background in property valuation.
Leadership in PBSA Valuations
In his role at Savills, Davies will co-lead the PBSA valuation team alongside Rachel Coates, focusing on student accommodation valuations within the firm’s operational capital markets division. This strategic leadership aims to enhance the quality and depth of valuation services offered to clients in the rapidly evolving UK PBSA market.
Market Insights and Opportunities
Tim Stoyle, head of operational real estate valuations at Savills, highlighted the growing significance of PBSA in the investment landscape, stating, “According to our latest OpRE Investor Survey, PBSA has overtaken multifamily housing as the top investment priority in the living sectors across the UK and Europe. 62% of our respondents indicated they are actively seeking to deploy capital into the sector.” This statistic underscores the increasing appeal of purpose-built student accommodation for investors, reflecting a robust demand for quality living spaces among students.
Davies’ Vision for the Future
Expressing his enthusiasm for joining Savills at a pivotal moment for the PBSA sector, Davies remarked, “Joining Savills at an exciting time for the PBSA sector is a fantastic opportunity. With significant demand for insightful and strategic valuation advice, I’m looking forward to contributing to the team’s continued success and delivering outstanding support to our clients across both development and operational assets.” His expertise is anticipated to be invaluable as Savills navigates the competitive landscape of student accommodation valuations, ensuring they remain at the forefront of the industry.
As the UK PBSA market continues to flourish, the addition of experienced professionals like William Davies to Savills reinforces the firm’s commitment to providing exceptional service and expert advice in this dynamic sector.