Environmental Due Diligence

Environmental searches have long been recognised in the property conveyancing sector as an effective tool in the management of risks associated with contaminated land and potential liability under the statutory provisions of Part IIA of the Environmental Protection Act 1990.

Increasingly, attention is also focusing on the material risks that may be presented by related issues such as flood risk that may present a very real threat both from a physical risk perspective and also in terms of potential significant costs that require consideration at the point of property purchase.

With this in mind GroundSure has taken the initiative to provide the market with the first commercial property combined environmental and flood risk search report GroundSure Review. The report provides clients with a clear understanding of potential environmental and flood risk issues in a single report, negating the requirement for separate searches that represent additional time and cost.

GroundSure Review includes the following key elements:

 

• complete environmental and flood risk search report
• the most robust and high quality GroundSure data
• complete flood risk data including river, tidal, groundwater and pluvial and including a view on the likely availability of flood risk insurance
• clear and concise tiered risk ranking including consideration of commercial considerations
• report provided under a single set of terms and conditions and professional indemnity insurance
• <2 working day turnaround time
• £225+VAT for sites sup to 5 hectares (incremental pricing available thereafter)

 

GroundSure Environmental Consultants are available to discuss the findings of reports free of charge and thereafter have full capability to provide further consultancy support to ensure environmental risks are effectively and commercially managed to the best advantage of the client throughout the course of a transaction.