Verde Environmental Consultants & Oil Leak Clean Up Specialists

How to Successfully Evaluate Environmental Risks During a Pandemic

How to Successfully Evaluate Environmental Risks During a Pandemic The Covid-19 pandemic is challenging private equity firms, strategic buyers, and other investors seeking to assess environmental risks inherent in their deals. Investors typically evaluate potentially costly environmental issues, such as obligations to remediate contamination or address third-party environmental claims. Howev...
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Undertaking Phase II Environmental Site Assessment at industrial port site

Following from a Phase I Environmental Site Assessment, which included: a thorough desk based review of historical & environmental records of the property. a thorough site inspection, including all building interiors as well as all exterior property and grounds. This site inspection would include a visual inspection of the presence of features such as fuel or chemical storage tanks, the p...
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EU regulation set to transform the ESG landscape

Climate change is the topic du jour and, along with other ESG issues, is not high up on global governments' agendas only... According to the TCDF Status Report 2019, we are seeing an increasing demand from investors for "better information on how companies – across a wide range of sectors – have prepared or are preparing for a lower-carbon economy". In fact, 2018 saw the incorporation of...
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Don’t cut corners on due diligence in commercial real estate transactions

People routinely involved in commercial real estate transactions recognize the due diligence stage as one of the most critical times. Typically occurring for an average of 30-90 days after the signing of the initial contract, the due diligence phase is often when most deals fall apart, if they are going to do so. Why? Because it's when most of the dirty laundry comes out and property defects, titl...
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Seven considerations when Investing In A Site With Potential Environmental Issues

Chances are you will come across a site with environmental issues at some point in your investing career—if you have not already. These can be tricky situations, so in general, the more information you have, the better off you are. To find out more about what investors should watch out for, members of the Forbes Real Estate Council recommend what people should keep in mind when considering sites ...
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The cost of not carrying out Environmental Due Diligence can run to Millions as Events D.C. found out.

Events D.C., the city’s conventions and sports authority, is raising the price tag of planned community sports fields at the RFK Stadium campus due to the discovery of lead in the soil at the site. The Events D.C. board on Thursday approved a budget increase of roughly $3.7 million to cover lead remediation. That amount is on top of $2 million the agency already set aside for soil remediation at ...
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EU Investment Firms Must Tell Clients about Environmental Risks

The European Parliament’s Committee of Economic and Monetary Affairs decided on Monday that investment firms will from now on have to make sure they inform their clients about the risks of their projects infringing upon human rights, endangering the environment, or similar violations. The Regulation “lays the foundation for an EU framework which puts environmental, social and governance (ESG) con...
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Developers – Be Aware of the Environmental Issues to Consider in a Property Transaction

When looking at either buying or selling real estate in Ireland, there are environmental issues to consider: Environmental Certifications Depending on the nature of any development, environmental licences and permits may be required. For example, certain developments require a licence from the Environmental Protection Agency for the designated use in addition to the planning permission. E...
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Environmental Considerations When Buying a Possibly Contaminated Property

The availability of large tracts of land on which to build new projects in advantageous locations is shrinking. As a result, there is a growing trend of buyers considering the purchase of properties with unresolved environmental issues that they never would have considered in the past due to, among other things, potential liability, internal risk management protocols, and the inability to obtain ...
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Verde presents at Engineers Ireland Lecture Series – Environmental Due Diligence

Nobody likes unpleasant surprises when buying commercial property. You – or your client – certainly don’t want to lose the profit on the deal. Yet a nasty shock – and the risk of having the profit on a purchase eaten up by environmental liabilities such as unforeseen clean-up costs – is exactly the kind of gamble property buyers make when they neglect or leave it too late to do an environment...
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