Wilbourn & Co are heavily experienced in providing environmental services such as analysing and interpreting data to produce environmental screening reports in line with new RICS guidance. This is required to support ‘Red Book’ valuation. It is also an essential tool for investment decision making and development. 

The philosophy is to build intellectual capital within the asset base as an increasingly important asset management tool. This would enable organisations to maximise the value of its assets and to speed up transactions. To build intellectual capital inside the investment there four things have to be looked at as required by the Global Valuation Standards, with each being given equal weight:

•	Historic land use-or non-natural hazards.
•	Natural Hazards
•	Hazards caused by occupational use
•	Impacts on residual value for development purposes

The Red Book requirements are:

•	VPGA 2: 5.3 and 6.1 (for secured lending) 
•	VPGA 8: 1.2 (b) and (c) (characteristics of property and site) and 
•	VPGA 8: 2.6 (a), (b) and (c) (environmental matters).

For information, please refer to paragraphs 2.4 and 2.5 of the new RICS Environment Guidance Note effective from 1st December 2018 (Philip Wilbourn BSc C.Env FRICS is the author). This is applicable globally and has come about as a result of representations from the secured lending industry. It can be downloaded from here:

https://www.rics.org/uk/upholding-professional-standards/sector-standards/land/environmental-risks-and-global-real-estate/ 

Wilbourn & Co acts for global clients in capital markets across the whole UK and Europe. Given our regional base in the North West alongside a presence in South Yorkshire, it is easily possible to support client acquisition and asset management activities throughout the country.

For more information with regards to our environmental services, please do not hesitate to contact enquiries@environmental-surveyors.com or 07973 797011.

WILBOURN & CO LTD

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