Dunse, Neil; Hutchison, Norman E.; Norman, Hutchison; … - European Real Estate Society - ERES - 2003
Guidance Note 1 of the Red Book (RICS, 2003) states that the valuation of an operational entity includes four components: the land and buildings; the trade fixtures and fittings; the trading potential, excluding personal goodwill; and the benefit of any transferable licenses and consents. While...