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When it comes to environmental liabilties, being forewarned is forearmed.Enviroscreen is an online environmental risk screening tool for commercial property, delivering a cost effective and straightforward approach for tackling contamination and environmental issues.Enviroscreen is delivered online through Promap, the UK's No.1 mapping site for professionals and developed by the UK's leading supplier of environmental risk information, Landmark Information Group. It is clear that property professionals must take proactive measures to protect themselves and their clients from potential environmental liabilities in light of changes to legislation in the form of the Environmental Protection Act, the planning process, the RICS Guidance Note, and the Law Society Contaminated Land Warning Card. More >> Enviroscreen Report >> |
Why environmental issues matterSurveyorsWith changes to the RICS Red Book and guidance on environmental issues, valuers are under obligations to clients to clearly understand environmental risks and can no longer rely on caveats.Developers and InvestorsNothing can kill a deal or add expensive clean-up costs faster than contamination. Screening potential investment or development sites prior to bidding, buying or selling a commercial property reduces risk exposure and improves bargaining position.Lenders and SIPPSThere are growing concerns amongst lenders that impacts on reputational risks and defaulted loans from environmental issues, need to be considered prior to agreeing loan facilities. The current result is nine major banks changing their valuation instructions to include an Enviroscreen Certificate. |
"It's absolutely clear that an assessment of environmental risk is no longer optional but has become an absolute necessity in all commercial land and property transactions."Eric Shearer, Partner, Knight Frank
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