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Petroleum Retail Outlet Portfolio – Environmental Due Diligence

Ensafe was commissioned to provide vendor Environmental Due Diligence services, the divestment of the client’s portfolio of eight petrol stations with a value of circa £6 million.

Third party purchaser phase I and II site investigation reports, and estimates of environmental liability were reviewed by Ensafe on behalf of the vendor.

Ensafe provided a thorough independent view on the value of environmental liabilities associated with the transaction at individual site level, without carrying out any additional site investigations.

We provided technical support to the vendor throughout the sales negotiations with a number of interested parties to ensure the value of the environmental liabilities was understood and agreed by all parties, and the portfolio value maintained.

The majority of the portfolio (7 sites) was sold to a major forecourt portfolio owner in January 2021, with the remaining one site sold to a top 50 independent forecourt retailer in February 2021.

The value of the transaction was maintained in line with Ensafe’s original assessment of environmental liability ensuring that the client’s shareholders’ expectations were met.




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