James Carlisle
Operational Director - Transaction Advisory & Due Diligence
Retail Park, East Anglia
We were commissioned to support a multi-site owner in the refinancing of a well-established retail park in East Anglia, with the aim of establishing if any unidentified liabilities would prevent the client from obtaining bank finance.
We undertook a Phase 1 Environmental Liability assessment which included a site walkover, as well as a detailed review of existing Geo-environmental and Geotechnical reports provided in line with UK standards.
Key details
Project name
Retail Park
Client
Confidential
Location
East Anglia, Suffolk
Services provided
- Due diligence
- Geo-environmental and geotechnical reviews
Challenge
Faced with the ramifications of the COVID-19 pandemic, the client appointed us to complete the necessary inspections and reviews to expedited reporting deadlines.
Whilst lockdown restrictions were in place, we had to find a workable solution around visiting the site whilst obtaining as much information as possible and within a tight deadline.
Solution
Our proactive approach to the client’s requirements allowed the speedy assembly of a team of specialists. Completing detailed COVID-19 risk assessments allowed us to arrange a site visit within 10 days during lockdown conditions which, in agreement with the client, enabled the site inspection procedures to be altered and undertaken to follow government guidance.
These steps allowed the Phase 1 Environmental Liability Assessment and detailed Geo-technical and Geo-environmental reviews to be carried out within the required timescale.
Project statistics
1
site inspection adhering to social distancing and risk assessment measures
8
existing geotechnical and geo-environmental reports reviewed
13
unit large well-establish retail park
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