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Why building surveyors need to be aware of environmental issues
Environmental liabilities can have a huge impact on the value of a property and their remediation can come at significant cost. This is not just an issue confined to the due diligence process at acquisition: landlords and tenants of leased property may also find themselves burdened with expensive and unforeseen dilapidations liabilities, sometimes years down the line. This paper sets out several case studies, providing examples of real-life scenarios which serve to outline the need for a thorough and pro-active approach. Building surveyors have long been alert to the presence of invasive species and asbestos — but they need to also be aware of broader contamination issues (albeit at a basic level) and know when the specialist input of an Environmental Consultant is required.
The full article is available to institutions that have subscribed to the journal.
Anne Johnstone is a Partner at Malcolm Hollis, Glasgow with responsibility at a national level for the environmental service. Anne has experience in a broad range of environmental specialisms including due diligence, contaminated land investigation and risk assessment, remediation, environmental permitting and ecosystem services assessment. She has also provided expert witness services to clients in relation to contaminated land liabilities. Anne’s clients include top UK pension funds, private equity firms, corporations and public sector bodies. She is a member of the Investment Property Forum and Chair of the UK Environmental Law Association (UKELA).