Advice and Due Diligence
When making a commercial real estate transaction, hidden environmental liabilities can be devastating, in some cases, costing up to millions of dollars. If you are about to make a major property transaction including a purchase, sale, lease, or refinancing, then environmental due diligence will be a key tool for managing risks and avoiding liabilities. Environmental due diligence is a formal process that assesses real estate for potential risk of environmental contamination, such as soil, pollution of groundwater or reefs surrounding the islands. Standards for conducting environmental due diligence are set forth by the Environmental Protection Agency (EPA). Environmental professionals determine the extent and type of assessment warranted, which varies based on the property.
precise and fast
At water solutions, we examine all issues, no matter how technical and complex, and report our findings in clear, commercial terms. We then design and implement action plans to correct any concerns identified. Whether clients are planning a small transaction on a single asset or a multi-site transaction, we can help by providing insightful due diligence consultancy that supports decision making and facilitates any corporate or real estate transaction.
Some of the steps
Here are some of the processes that come as a part of our service.
Historical records are checked if there are any from a previous development on the property
Carry our checks with regulatory bodies on past incidences if any.
Site surveys are conducted to further understand the environmental impact that could be caused by building to understand current operations.
Conduct reviews with on-site personnel or residents nearby the site to confirm identified potential environmental concerns.