Environmental liabilities for landlords and tenants and the impact on the valuation of industrial buildings: implications for property management

Jayne, M, Mackmin, D and Syms, P, 2007. Environmental liabilities for landlords and tenants and the impact on the valuation of industrial buildings: implications for property management. Property Management, 25 (4).

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Abstract

Purpose – The purpose of this research is to review the response of professionals involved in the letting and management of industrial buildings to the implementation of Part IIA of the Environmental Protection Act, 1990 which, has imposed a regime of “strict liability”, in terms of contamination, has implications for the owners, occupiers and managers of such properties and may be affecting rental and capital values of industrial premises. This research explores the current awareness of all parties to these changes. Design/methodology/approach – The study reported in this paper examines current practices in the UK and identifies areas where changes may be required, or be desirable, in order to arrive at recommendations as to “best practice”. The work was undertaken in three phases, a questionnaire survey involving leasing and managing agents, real estate owners, lawyers and bankers; a consultation stage with representative organisations including the Royal Institution of Chartered Surveyors (RICS), the Environment Agency, British Property Federation, British Bankers Association, British Insurance Association, the Law Society and the Confederation of British Industry (CBI) and interviews with a representative sample of persons from the survey. This paper reports on the questionnaire survey phase.

Item Type: Journal article
Alternative Title: Potential environmental liabilities with industrial properties in the United Kingdom [working title]
Publication Title: Property Management
Creators: Jayne, M., Mackmin, D. and Syms, P.
Publisher: Emerald
Date: 2007
Volume: 25
Number: 4
Identifiers:
NumberType
10.1108/02637470710775202DOI
Divisions: Schools > School of Architecture, Design and the Built Environment
Depositing User: EPrints Services
Date Added: 09 Oct 2015 09:48
Last Modified: 23 Aug 2016 09:06
URI: http://irep.ntu.ac.uk/id/eprint/2984

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