000			01799cam a2200253 4500
001			ABS65014
008			020205n2001 000 0 eng u
035			_a(Sirsi) u116605
245			_aRank Leisure and others v Castle Vale Housing Action Trust
260			_c2001
490			_aRating and Valuation Reporter _v[2001] RVR 313-332(20)
520			_a"Rank Leisure and others v Castle Vale Housing Action Trust", LT 5 October 2001, which examines the ransom value of seven shop units acquired for compulsory purchase. The claimant, Rank Leisure (R), sought compensation over the 7 shop units at the Castle Vale Shopping Centre. R claimed that in a no scheme world a developer purchaser would have acquired all the interests in the shopping centre except R's interests and therefore the units had a ransom value of £8 893 725. The trust (C) claimed that in this case there was no developer-purchaser engaged in site assembly for redevelopment and compensation must not be more than the existing use value of R's occupational interests plus consequential loss caused by disturbance. Compensation on this basis was offered at between £3 300 and £35 000. Held that compensation should be awarded on the basis of existing use value, ranging from £7 600 to £ 37 800. Full copy of decision available http://www.courtservice.gov.uk/tribunals/lands/decisions/dec-acq-168-99.htm.
590			_aABS
650			_aRANK LEISURE V CASTLE VALE HOUSING ACTION TRUST
650			_aCOMPENSATION
650			_aSHOP UNITS
650			_aSHOPPING CENTRES
650			_aREDEVELOPMENT
650			_aNO SCHEME WORLD
650			_aRANSOM VALUE
650			_aEXISTING USE VALUE
690			_aENVIRONMENTAL AND LAND CONSULTANCY-PLANNING AND DEVELOPMENT-COMPULSORY PURCHASE AND COMPENSATION
942			_n0
999			_c69431 _d69431