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Environmental Consultancy

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Environmental Consultancy

“We aim to underpin not undermine asset values and to build intellectual capital for all types of real estate!”

From 31st January 2020 the RICS Global Valuation Standards (the “Red Book”) states at VPS 3 I) Valuation Approach and Reasoning states:
“…….the relevance and significance of sustainability and environmental matters should form an integral part of the valuation approach and reasoning supporting the reported figure”

Please note that in the Red Book issues at VPS 3 are mandatory unless explicitly instructed otherwise. The critical word is “….integral…”

It is important that the valuation issues raised at VPGA 2 5.3 and 6.1 (for secured lending) VPGA 8 1.2 (b) and (c), VPGA 8 2.6 (a) (b) (c) of the Red Book 2017 are fully addressed. This includes

Non-natural uses
Natural issues
How the premises are used at todays date
Acting nationally, we provide cost effective professionally benchmarked solutions to environmental matters. RICS professional guidance makes it clear that:

“Data warehouses have emerged to provide an online service or a service where an environmental report can be procured in a few days. Such services have become commoditised as a result. The data varies between suppliers and the methodology used does not necessarily enable a chartered surveyor to fully address and satisfy the requirements of the Red Book. Furthermore, statements, often unsigned and unattributed, may be made in these reports about the impacts on valuation. The terms and conditions may mean that the chartered surveyor, their client and other stakeholders may not be able to rely on them. The chartered surveyor is urged to treat such reports with care if they do not fully support the valuation service offered.”

So we offer:

A service nationwide
Across all asset classes
Dealing with all environmental constraints-historic land use, flooding and so on
Cost effective solutions not problems
Added value

For further information on how PAI can help you, please contact your local member firm using the dropdown search menu above. For national enquiries, contact:

Environmental Consultancy Lead – Philip Wilbourn

Email: philip@environmental-surveyors.com
Tel: 01302 247969
Mobile: 07973 797011