News

Tip 41 – Site Investigations – Consider sovereign risk / NIMBY’S/ BANANA’S

Sovereign risk is the risk arising from having to deal with the relevant governments having power over a development. A “pro-development” council will always be easier to deal with than a “green” council.  Before acquiring your site do a search of the local newspaper over the last 12 months in relation to proposed developments, community action and protests to get a feel for how many local NIMBY’S (Not In My Back Yard) and BANANA’S (Build Absolutely Nothing Anywhere Near Anyone) there are.