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Bromley LBC v London Docklands Development Corporation

Language: English Series: Rating & Valuation Reporter ; [1997] RVR 173-200(28)Publication details: 1997Subject(s): Summary: LT 7 May 1997. The London Docklands Development Corporation acquired the freehold of Thames Barrier land with vacant possession. Compensation was to be assessed as if the land were subject to a confirmed compulsory purchase order. The land was within the corporation`s urban development area and was known to have been contaminated by past use. The claimant council`s valuation was based on capital value comparisons having regard to the need for remediation. The corporation criticised the claimant council`s comparables for value as being purchased for development whereas the Thames Barrier land was only suitable for open storage uses.
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Law report London Journal article ABS57538 (Browse shelf(Opens below)) 1 Available 80448-1001

LT 7 May 1997. The London Docklands Development Corporation acquired the freehold of Thames Barrier land with vacant possession. Compensation was to be assessed as if the land were subject to a confirmed compulsory purchase order. The land was within the corporation`s urban development area and was known to have been contaminated by past use. The claimant council`s valuation was based on capital value comparisons having regard to the need for remediation. The corporation criticised the claimant council`s comparables for value as being purchased for development whereas the Thames Barrier land was only suitable for open storage uses.