AEI Europe, B.V. (a subsidiary of AEI Consultants) provides due diligence consulting services throughout Europe.
Services provided in the Europe are:
- Environmental Consulting
- Building Assessment Services
- Seismic Risk Analysis
- Construction Design Management
- Construction Risk Assessments
- Project Status Reports
- Land Surveys
Phase I Environmental Site Assessments
Phase I Environmental Site Assessments (ESAs) are an integral part of the due diligence and decision-making process for lending and property purchase decisions.
A Phase I ESA is designed to identify environmental issues such as current and historic environmental conditions that may affect property values, pose a financial liability to the purchaser or lender, affect development or occupancy plans, or impair the ability of a borrower to repay a loan obligation.
AEI’s Phase I ESA meets the ASTM Standard and involves the following activities:
- Site inspection and adjacent/surrounding property reconnaissance
- Review of historical documentation
- Review of hazardous material and petroleum databases along with local and regional records
- Interviews with the property owner, tenants and property managers
- Preparation of a report documenting the findings, conclusions and recommendations
Our Phase I ESA reports are an essential part of due diligence for many commercial and industrial real estate transactions and are conducted in accordance with the most current ASTM Standard E1527-13 modified to meet European requirements.
Phase II Subsurface Investigations
A Phase II Subsurface Investigation may be necessary to further evaluate the potential of contamination on the property if concerns are identified during initial due diligence.
AEI provides Phase II Subsurface Investigations for clients throughout North America and Europe. AEI’s professional geologists design customised scopes of work addressing specific property challenges.
AEI’s Phase II Investigations include:
- Soil and groundwater sampling and laboratory analysis for potentially harmful chemicals
- Sediment and surface water sampling and analysis
- Soil vapour and indoor air sampling and laboratory analysis
- Groundwater flow modeling and laboratory analysis
- Geophysical surveys
- Indoor-air vapor intrusion assessment
- Vapor encroachment assessment
- Contaminant source differentiation
Upon completion of the subsurface investigation, AEI’s professionals provide guidance on next steps, potential remedies, and/or cost estimates of cost-to-cure. We take pride in our ability to craft creative solutions with the client’s specific goals for the property in mind.
Non-Performing Loan and Performing Loan Analysis
AEI has a developed a tailored, client specific approach to Non-Performing Loan (NPL) and Performing Loan (PL) portfolio screening.
With large loan books, visibility of potential environmental liabilities or encumbrances, within a short time frame and with limited information provides a basis for asset carve out and pooling, facilitating differing risk mitigation strategies for the collected real estate.
AEI uses a screening tool that is tailored for each portfolio and can incorporate client specific sensitivities across the typical range of environmental issues. The system is scalable, based upon and limited by the available electronic information provided by the vendor or client, allowing screening against a range of environmental issues, dependent on the completeness of the vendor dataset.
A basic screen can provide:
- Risk ranking of assets based on cumulative risk factors and ranking logic; and
- Cost estimation, using three scenarios for each asset for High, Reasonable and Low-Cost estimates.
More advanced screening options include geolocation-based screening assessments.
Building Assessment Services
Property Condition Assessments
Our business has fundamentally grown on the delivery of outstanding and usable Property Condition Assessments.
The purpose of a Property Condition Assessment (PCA) is to observe and report on the physical condition of an asset and to provide cost estimates for repairs required in the near future, as well as capital planning budgets for ongoing asset management.
Major structural, electrical, plumbing and HVAC components of each structure, as well as site improvements, are carefully examined for condition, status of completion, general code conformance, whole life cycle costs, sufficiency for their intended use and extent of defects and depreciation.
AEI’s assessors interview site personnel, perform document reviews and conduct walkthrough surveys, noting the physical condition of the following:
- Exterior improvements such as parking areas, landscaping, drainage, and walkways
- Structural systems including foundations
- Building envelope including roofing systems and exterior finishes
- Interior building components
- Mechanical systems such as electrical, heating ventilation/ air conditioning, plumbing and conveyance systems
Upon completion of the physical property condition assessment, AEI details the systems and components along with any deferred maintenance or deficiencies observed. The report identifies:
- Immediate/short term repair costs required for the property including any significant building or fire code non-compliance, safety concerns or deferred maintenance.
- Modified capital reserves schedule that approximates repairs and replacement costs most likely to occur over the evaluation period, typically 10-20 years. This schedule allows the client to plan for large expenditures in advance.
AEI’s PCA reports are an essential part of due diligence for many commercial and industrial real estate transactions and comply with the ASTM Standard E2018-15 modified to meet European requirements. Customised scopes are also available.
Capital Planning services support a client’s decision-making and strategic planning for assets on a portfolio-wide basis. AEI understands that facility and asset managers have their own unique approach to managing real estate and mitigating risk. AEI’s capital planning services provide an opportunity to catalogue all of the facility’s equipment, to assess the condition and useful life of building systems and equipment, and to cost-out the maintenance, replacement, or enhancement of building systems.
Capital planning services include:
- Facility Condition Assessments, including cost estimates for immediate repairs and long-term maintenance budgets, for stand-alone assets
- Facility Condition Index (FCI) comparing various assets within a portfolio
- Energy Efficiency Audits, including budgets for upgrades and analysis of ROI, either for specific assets or portfolio-wide
- Cataloguing facility equipment via bar code and handheld device data collection within a computerized maintenance management software (CMMS)
- Data collection services to provide support asset management technologies
AEI’s capital planning services are used for budgeting, renovation, and new construction monitoring and strategic planning regarding acquisitions and disposition of assets within a portfolio.
BREEAM (Building Research Establishment Environmental Assessment Method Assessments)
BREEAM is an Environmental Assessment Methodology that empowers those who commission, design, construct and manage buildings, infrastructure and communities to achieve their sustainability goals. A BREEAM assessment uses recognised measures of performance, which are set against established benchmarks, to evaluate a building’s specification, design, construction and use.
The measures used represent a broad range of categories and criteria from energy to ecology. They include aspects related to energy and water use, the internal environment (health and well-being), pollution, transport, materials, waste, ecology and management processes.
The scheme provides clients, developers, designers and others with:
- Market recognition for low environmental impact buildings
- Confidence that tried and tested environmental practice is incorporated in the building
- A system to help reduce running costs, improve working and living environments
- A standard that demonstrates progress towards corporate and organisational environmental objectives
AEI provides BREEAM assessments throughout the EU.
Seismic Risk Analysis
Seismic Risk Assessments
AEI’s Seismic Risk Assessment (SRA) report summarises the risk of structural failure due to the vibratory motion from the maximum probable earthquake event that has a 10-percent chance of exceedance in a 50-year exposure period, or a 475-year return period.
AEI utilises the Scenario Expected Loss Design Basis Earthquake (SELDBE) as the seismic loss damage ratio (commonly referred to as Probable Maximum Loss – PML).
AEI can also provide the Scenario Upper Loss (SUL), which represents the scenario loss with a 10% probability of exceedance due to the specified ground motion of the scenario considered. Both methods take into account various factors including construction type, site condition, soil type and location of the building to known faults.
The specific methodologies typically include the following:
- Review of available geologic and soils reports and drawings.
- Site visit and general assessment of the property, building(s), related facilities and general site characteristics.
- Preliminary assessment of earthquake ground shaking, liquefaction and fault surface rupture potential based on historical regional hazard data.
- Preparation of a report including a list of general seismic deficiencies and preliminary estimate of facility earthquake damage loss based on empirical loss estimation methodologies.
AEI’s SRA reports are an essential part of due diligence for many commercial and industrial real estate transactions and comply in accordance with ASTM Standards E2026-16a and E2557-16a modified to meet European requirements.
Construction Design and Management (CDM)
CDM Compliance Services
The Construction Design and Management Regulations 2015 (the Regulations) apply to all construction projects in Great Britain and place duties upon the client, the designers, the contractor and all workers.
A key client duty is the appointment of a principle designer and principle contractor, which must be done where there is more than one contractor working on a project at any time.
The Regulations assumes that the client is competent to discharge their duties or has access to competent external advice as required by the Health and Safety at Work Act 1974 and the Management of the Health and Safety at Works Regulations 1992.
AEI can provide that competent advice to assist clients and/or principal designers in the discharge of their duties under the Regulations where they feel they are not capable of doing so. Alternatively, we can act as Principal Designer on your project and co-ordinate health and safety matters.
Our approach to health and safety is a proactive not a restrictive one. We are there to assist the wider team in producing designs which can be built and maintained safely while making sure all duty holders are complying with the Regulations.
Construction Risk Management Services
Construction Risk Assessments
AEI’s CRAs are designed to assist our client in assessing, monitoring and mitigating risk within a proposed construction or renovation project. We assist our clients in identifying areas of risk in regard to project completion within the planned schedule and budget.
The scope of our CRA generally includes the following:
- Review of Construction Documents including construction drawings, permits, due-diligence reports/studies, regulatory board approvals, specifications, schedules and budgets
- Review of Agreements and Contracts to identify risks associated with scope, payment requirements, dispute resolution, schedule, and warranty.
- Review of contractor’s and architect’s qualifications based on readily available public information about the companies from relevant licensing boards.
- Review of Due Diligence Documents including:
- Site analysis reports
- Survey drawings
- Availability of utility services
- Local Authority Planning Department reviews
- Geo-technical reports
- Traffic studies
- Wetland reports
- Tree delineation studies
- Archeology studies
- Soil percolation studies
- Environmental reports (Phase Is and IIs) and other pertinent documents, as necessary based upon local, state, and federal requirements.
Review of Construction Budget and utilize construction costs analysis tools along with internal data to provide a cost comparison of the proposed budget with typical industry costs.
The above activities are designed to proactively identify any cost or schedule risks to the successful completion of the construction or renovation project. AEI’s CRAs are an essential part of managing risk associated with construction lending activities.
Project Status Reports
AEI’s Project Status Reports (PSRs) are performed to independently verify the status of completion of the reported construction associated with a construction loan.
The scope of our PSR includes the following:
- Review of pay application for uniformity and appropriateness
- Physical site visit to observe work in progress and visual quality of work performed
- Identification of any issues that may impact the successful on-time/on-schedule completion of the project along with recommendations for addressing those issues.
- An opinion as to the appropriateness of the draw request or payment application.
Utilising AEI’s PSRs during the life of a construction project ensures the project stays on time and within budget.
AEI Europe B.V.’s land and topographical surveys are carried out in accordance with the standards set by The Royal Institution of Chartered Surveyors (RICS) – Surveys of land buildings and utilities,’ 3rd edition. We deliver efficiently and cost-effectively on sites throughout the UK and EU.
Our surveys are used for a variety of purposes, including:
- As supporting data for a proposed housing development
- To inform architects and planners on the development of new builds and extensions
- To support a Land Registry Plan submission
- To inform engineering design
AEI can provide any type of survey, including:
- Level survey
- Rural and urban survey
- Road survey
- Volume survey
- Pipeline survey
- River survey
AEI provides flexible data delivery methods; the final drawing can be presented in local grid, any existing grid provided by the client, or we can use our GPS/GNSS instruments to fix any survey to National Grid and Ordnance Datum if required.
Any of our survey projects can be delivered in the following formats:
- 2D AutoCAD DWG, DXF, DWF
- 3D digital terrain model
- Moss Genio