Acting on behalf of Patron Capital and Legal & General, Environmental Consultants, BWB provided due diligence advice in the 2013 CALA Group acquisition.
BWB acted as Environmental Consultants to Patron Capital and Legal & General and provided the team with focused and straight-forward environmental risk advice that enabled the transaction to complete to tight timescales.
The property portfolio included a large number of greenfield sites and therefore did not require the whole portfolio to be assessed. BWB worked with the client to identify key sites that were either owned, operated or in advanced contractual positions, resulting in 73 sites being identified for assessment purposes.
BWB devised a risk register reporting format that allowed the client and professional team to interrogate the register. A requirement of the project was to provide the client with a clear understanding of potential costs associated with statutory liabilities, development abnormals and costs to address audit tail deficiencies.