UK Inogen Associate Delta-Simons has been appointed by The Land Trust as its Framework Partner supporting due diligence and strategic risk management issues across its land portfolio.
The Land Trust is a national charity that takes ownership of a wide range of public spaces from commercial or public sector organisations, which they manage as high quality public open space such as country parks, wetlands or woodlands in perpetuity. This land can be former brownfield site, neglected sites or newly created green spaces such as those in housing developments. The landowners benefit from the transaction by transferring statutory, financial and management liabilities away from its ownership, improving balance sheet figures and enabling management to focus on core business activity. This could be with a single endowment payment, via service charges or from another identified site income stream.
One of the first appointments for Delta-Simons in this role is an evaluation of 40 of the Land Trust's existing sites to evaluate potential statutory and third party liability associated with ownership and advise upon risk mitigation solutions and long term management strategies for any residual risks.
Assessment findings and subsequent management tasks will be reported using a new, unique site risk management system Ventura™, a web-based software platform designed and developed by Delta-Simons.
"Delta-Simons' credentials in due diligence and liability appraisal are highly regarded in the industry and their commercial interpretation of technical information is particularly valuable. Presentation of site data and risk management strategy using Ventura™ is a unique offering, and one we believe will enhance the Land Trust's ability to effectively and efficiently manage risk across all its property portfolio in the future."
Alan Carter, Head of Portfolio Management, The Land Trust