Contaminated Land Advice during Corporate Acquisition
SWEL were approached by a company in Cardiff who were in the process of selling to a large multi national. The purchaser was seeking to drive down the acquisition cost using poor land quality as justification.
SWEL were called in to justify whether this was the case.
The purchasers had engaged their own consultants to establish ground quality, and it was observed that they were acting in line with appropriate guidance.
The land in question although of lowered quality was suitable for end use / continued use and as such the the price should not have been affected.