|
|
|||
BREAKTHROUGH INNOVATIONS |
|||
In a world where investment capital knows nothing of national boundaries, there is an increasing need for a widely accepted method of discovering, evaluating and reporting environmental risks. Investors, bankers and other professionals involved in property transactions need an internationally valid method of comparing the risks associated with potential real estate acquisitions to avoid unexpected environmental problems, whether that property is located in India, Thailand, England, South Africa, Canada or the United States. Over the past 15 years, the U.S. industry standard ASTM E1527 has been used increasingly in countries around the world for conducting Phase I Environmental Site Assessments (ESAs). However, this standard received a significant update in November 2005 (ASTM E1527-05). The new standard requires that assessments be conducted under the purview of an Environmental Professional. It also calls for a more comprehensive review of local and “commonly known” information regarding the property’s previous uses, and requires more extensive reporting and documentation in the assessor’s report. Golder meets the market’s needs through its International Due Diligence Team. These Environmental Professionals stay abreast of changes in regulatory and industry standards, and carry out procedures that are standardized and practiced. This team has already obtained globe-spanning results for BA Capital Partners, Eaton Corporation and other worldwide companies.
|
A level playing field for international property transactions