International
VERTEX performed environmental due diligence services of 76,000 apartment units (over 900 buildings) in Berlin, Germany on behalf of the buyer. Due to governmental restrictions, VERTEX was unable to obtain information from the seller side in performing the due diligence. The assessment work was performed on a 24-hour/day rolling schedule in order to meet critical milestones in the 5-day due diligence period.
A summary of the findings from drive-by site visitations and document reviews were provided in a spreadsheet within one week of project authorization. Based on the environmental issues, VERTEX assigned risk rankings and liability costs to each site. The final spreadsheet, including specific notations was provided with the reports for use during negotiations.
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