Why Due Diligence?
The Environment Protection Act requires owners or those in control of or managing a site or portfolio of sites must understand the potential risks from contamination at those sites. To fulfil their General Environmental Duty (GED), they must minimise the risk of harm to human health and the environment from contaminated land or groundwater.
Market forces play a significant part in adjusting land value, which means any contamination concerns could result in a lower valuation. An appropriate level of due diligence should be undertaken before the disposal, acquisition or lease of land.
How can Landserv help?
Landserv has extensive experience with undertaking site-specific assessment programs to assist our clients with the disposal of surplus land or for due diligence purposes if an acquisition or a lease is being considered.
The key to a comprehensive due diligence assessment program is to collect adequate and reliable data to estimate the environmental liabilities for the land to be sold, acquired or leased. The due diligence program might include researching previous land use, historical reports, and, if necessary, collecting soil and groundwater samples through a field testing program. We work closely with clients throughout the process to achieve complete understanding, ensuring regulatory and environmental requirements are addressed and fulfilled, while providing the most economical and efficient solutions where necessary.
Complex site characterisation followed by remediation and management advice and liability estimates. Landserv worked closely with our client to support the sale of their large industrial site with a long history of manufacturing activities. We were initially engaged to conduct a combined preliminary and detailed site investigation to assess the general status of soil and [...]View Project