Our Remediation Capabilities
With few exceptions, the Brownfields marketplace is largely devoid of quality, well capitalized, experienced players with a proven track record of successfully repositioning Brownfield real estate. The competitive landscape is comprised of a few regional developers that do a handful of one-off transactions, with the balance comprised of development interests who team with remediation contractors to perform the cleanup of these properties on a fixed-price guaranteed basis.
In most cases, developers look to the Brownfield seller for an indemnification from all pre and post-acquisition environmental liability. Alternatively, they look to standard market insurance tools and remediation contractors to resolve the cleanup related matters. In either case, the Brownfield seller is not receiving the closure on post sale environmental liability that the Viridian business template provides.
The advantage of working with Viridian Partners is the most sophisticated risk management program in the Brownfields marketplace, coupled with over 70 years of combined team real estate development expertise.