Caitlin Southall: Environmental considerations in SIPP commercial property purchases

'Environmental report can generate friction between clients and providers'

clock • 4 min read

Caitlin Southall explores the environmental considerations when undertaking a SIPP commercial property transaction...

Even for the most seasoned property purchaser, every acquisition will bring about some environmental risk. In order to understand the extent of risk, one of the core due diligence requirements for any transaction should be an environmental report. There are different formats but fundamentally, an environmental search report includes information about planning, land use, the presence of radon, any flood risks and also any previous uses which may have resulted in a risk of contamination. It's no secret that SIPPs operate in a highly regulated environment, resulting in additional due dil...

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