Peril for industrial land loans
Peril for industrial land loans
- 2000
- Birmingham Post 8 December 2000, 27(1) .
Banks are being warned of the potential risks of lending large sums against the security of industrial land. Implications of the new Contaminated Land Regime mean that banks, on enforcing their security, could become liable for the total cost of decontaminating sites which have been polluted by past owners.
CONTAMINATED LAND
INDUSTRIAL LAND
BANKS
LENDING
LIABILITY
CONTAMINATED LAND REGIME
Banks are being warned of the potential risks of lending large sums against the security of industrial land. Implications of the new Contaminated Land Regime mean that banks, on enforcing their security, could become liable for the total cost of decontaminating sites which have been polluted by past owners.
CONTAMINATED LAND
INDUSTRIAL LAND
BANKS
LENDING
LIABILITY
CONTAMINATED LAND REGIME