Ryde International plc v London Regional Transport
Series: Estates Gazette ; [2001] 14 EG 154-158(5)Publication details: 2001Subject(s): Summary: LT 12 February 2001. Claimant Property Developer (R) in November 1998 acquired a building site and erected properties which it intended to sell as retirement homes. R encountered problems selling the homes and the acquiring authority (L) required properties for Croydon Tramlink scheme. Parties agreed that R would have been able to sell the units but for the tram scheme. R sought compensation under Land Compensation Act 1961 the costs of holding the property between March 1993 and August 1997. The decision was that there was no difference in principle between the holding costs R experienced and the losses during the shadow period held to be compensatable. L was ordered to pay R holding costs otherwise there was no further order on costs.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | ABS63843 (Browse shelf(Opens below)) | 1 | Available | 112432-1001 |
LT 12 February 2001. Claimant Property Developer (R) in November 1998 acquired a building site and erected properties which it intended to sell as retirement homes. R encountered problems selling the homes and the acquiring authority (L) required properties for Croydon Tramlink scheme. Parties agreed that R would have been able to sell the units but for the tram scheme. R sought compensation under Land Compensation Act 1961 the costs of holding the property between March 1993 and August 1997. The decision was that there was no difference in principle between the holding costs R experienced and the losses during the shadow period held to be compensatable. L was ordered to pay R holding costs otherwise there was no further order on costs.