Product category:
Surveying
News Release from: GroundSure
Edited by the Buildingtalk Editorial
Team on 13 June 2008
GroundSure enhances commercial
portfolio.
GroundSure, a leading provider of environmental due diligence services to the UK's property sector, announces the re-launch and expansion of its commercial property environmental report portfolio.
The commercial services range has been enhanced to include improved data, report format and expanded opinion section, extending the report use to be applicable for banks, valuers and insurers Already widely recognised as industry leading, the GroundSure commercial product portfolio is driven by a Historic Land Use Database based on over 800,000 scanned and digitised maps, with over 6,500 categories identified and risk assessed
This article was originally published on Buildingtalk on 7 Jan 2008 at 8.00am (UK)
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The maps date back to 1840 and have been scanned in at scales of 1:1,250, 1:2,500 and 1:10,000.
It is the most complete and accurate land use record available in the UK, enabling developers, surveyors, consultants, civil engineers and commercial conveyancers to quickly and easily access the potential impact of environmental factors such as potentially contaminated land, ground stability and flood risk on commercial properties.
Commenting, Paul Livett, Chairman of GroundSure, said: "The environment agency estimates that over 300,000 hectares of UK land are contaminated, with the root of problems stemming right back to the industrial revolution in the late 18th and early 19th centuries.
Given this, it is essential that purchasers are aware of the risks they are exposed to before embarking on property transactions.
The Environmental Act of 1995 set the principle of 'polluter pays'.
However, given that it is often impossible to identify the original polluter, owners face the possibility of being left with expensive remediation bills, and issues that could severely negatively impact their property value.
Early risk identification, easily achievable through advanced digital historical mapping services, is crucial for peace of mind.
GroundSure's product offering was already industry leading, but the improvements we have announced this month in terms of data enhancements and more robust environmental risk solutions, further improve our offering and expand it for use by banks, valuers and insurers".
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