Lambert Smith Hampton has been reappointed to carry out the Environment Agency's five yearly property valuation.
The company beat off stiff competition from two other commercial property consultancies.
Led by its Birmingham office, the firm's national network of 27 offices will value more than 190 of the Environment Agency's office and depots throughout England and Wales.
This is the fourth time which Lambert Smith Hampton has won the Environment Agency's valuation work, having been first appointed by the then National Rivers Authority in 1991.
At the time of the last exercise in 2001 , the
Environment Agency's portfolio was valued at just over £70 million.
Lambert Smith Hampton's valuation division will focus on the Environment Agency's freehold and long leasehold properties, while the consultancy ' s building surveying division will provide advice on general repairing liabilities and potential dilapidations on outstanding short leases, as well as assessing the state of freehold properties.
The contract with the Environment Agency will be managed by Andrew Cook, director of professional services in Lambert Smith Hampton's Birmingham office.
He said: "Our regional network is an exact match for that of the Environment Agency.
"We have developed new ways of reporting electronically, which will allow regional managers to find information on properties in their region almost instantly, rather than having to request it from headquarters.
Both of these were major factors in our appointment."
Garry Gordon, head of property at the Environment Agency added: " LSH continues to excel at providing professional advice and excellent service that helps us better manage our portfolio."
The valuation report is due with the Environment Agency by March 31, 2006.
Meanwhile, Lambert Smith Hampton has recruited one of the West Midlands rising industrial agency stars to head its Birmingham industrial agency team.
Nick Ford joins as a director from DTZ, where he has just advised on one of the most significant disposals of an industrial site in the region so far this year, the sale of the 10.5 acre Delta Metals site on Argyle Street, Aston, Birmingham to Slough Estates.
At the Birmingham office, Mr Ford aged 34, will lead a team of four, which is presently handling the freehold sale of 23.4 acres of development land at a former rail goods yard in Worcester, the largest single release of industrial development land in the county for more than 12 months, and which has sold and let more than half a million sq ft of space at Cursley Distribution Park in the past three months.