Case Studies
Audit of Frankfurt Property Portfolio
| Client: |
Confidential International Investor |
| Description: |
Portfolio of six commercial and residential properties in Frankfurt, Germany |
| Comments: |
The client required pre-acquisition environmental due diligence assessments of each property within a very tight
timescale.
Critical factors for the client were timely delivery of the results and understanding of local environmental
legislation. The project was undertaken as a combined technical and environmental due diligence assessment and
identified asbestos and contaminated land issues, the cost implications of which were included in the deal negotiations.
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| Project value: |
€63,000 |
Audit of Paris Commercial Complex
| Client: |
Confidential International Investor |
| Description: |
Office and Laboratory Facility, Paris |
| Comments: |
The client required a combined technical and environmental pre-acquisition due diligence assessment of five buildings used for offices and a research laboratory. The property also included underground car parking.
The site was located in a flood risk zone and implications for buildings insurance had to be quantified.
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| Project value: |
Confidential |
Audit of Hamburg Industrial Warehouse Facility
| Client: |
European Investment Fund |
| Description: |
Distribution warehouse facility, Hamburg |
| Comments: |
The client required a combined technical and environmental pre-acquisition due diligence assessment of a major distribution warehouse and office facility in Hamburg, Germany.
The environmental assessment addressed issues of contaminated backfill materials.
|
| Project value: |
€17,000 |
Audit of Office Complex, Barcelona
| Client: |
Trans-Atlantic Investment Fund |
| Description: |
High profile office complex, Barcelona |
| Comments: |
The client required a combined technical and environmental pre-acquisition due diligence assessment of a high profile office complex of three buildings and underground parking. The complex was built on a former industrial facility, in a key area of urban regeneration and had previously been subject to transaction difficulties.
The environmental assessment addressed issues of contaminated land, licensing and groundwater management problems.
|
| Project value: |
€16,000 |
Pre-acquisition audit of UK-wide portfolio
| Client: |
Property developer |
| Description: |
UK wide environmental audit |
| Comments: |
The client required pre-acquisition environmental due diligence guidance within a very tight timescale. The timeliness and accuracy of the information were critical given that the client had a deadline for tabling an offer.
The job included audits and inspections on ten industrial sites across the UK, a number of which had long industrial histories and were known to be potentially contaminated.
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Pre-acquisition audit on warehouse
| Client: |
Owner-occupier |
| Description: |
Environmental Audit |
| Comments: |
The client required a pre-acquisition Environmental Audit of a warehouse property within the Republic of Ireland.
The job involved a site inspection and significant consultation with the Regulatory Authorities as a result of the former presence of a factory at the site.
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Audit on battery manufactory
| Client: |
Vendor |
| Description: |
Environmental Audit |
| Comments: |
The client required an Environmental Audit of a vacant battery manufactory in Northern Ireland prior to agreeing terms to lease the site.
The site inspection and the full Environmental Audit report were completed within one week of instruction as a result of the client’s tight deadlines.
The resulting information helped support details of the negotiation.
|
Pre-acquisition audit on retail warehouses
| Client: |
Retail Property Developer |
| Description: |
Environmental Audit |
| Comments: |
The client required pre-acquisition Environmental Audits of ten ‘cash and carry’ warehouses located across England and Scotland.
The job involved consultation with Petroleum Licensing Officers as a result of the former presence of petrol stations at many of the properties.
|
Audit on Hotel property portfolio
| Client: |
Property Investor |
| Description: |
Environmental Audit |
| Comments: |
The client required eight Environmental Audits and 32 Desktop Environmental Audits of hotel properties situated across England, Wales and Scotland in connection with a sale and leaseback agreement.
|
Retail distribution depot
| Client: |
International Asset Manager |
| Description: |
Environmental Audit |
| Comments: |
The client required a vendor’s survey of an 8.7 hectare retail distribution depot located in England.
The site inspection identified the presence of a number of fuel above ground storage tanks. On site documentation revealed a fuel leak had occurred and the Environmental Audit report provided a review of investigations that took place following the incident.
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Pre-acquisition audit on commercial property portfolio in Germany
| Client: |
Major Property Developer |
| Description: |
Environmental Due Diligence |
| Comments: |
The client required a pre-acquisition Environmental Due Diligence exercise to be carried out on 29 commercial properties situated across Germany.
The job involved the review of Environmental Due Diligence reports provided by the vendor. Recommendations for further enquiry and investigation were provided to the client to address issues highlighted by the vendor’s reports.
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Development monitoring on remediation programme
| Client: |
International Funder |
| Description: |
Environmental development monitoring |
| Comments: |
The client required development monitoring advice to ensure that the external environmental consultant followed the agreed remediation programme, within cost and most importantly, within timescale.
The job included the monitoring of significant in-situ treatment of various contaminants. Subsequently, the development was undertaken over a six- month period and works were completed within the development budget.
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