LDA backed at test cast Olympics CPO appeal

The Secretary of State for Communities and Local Government has dismissed a test case planning appeal from one of the companies whose land was compulsorily purchased for the Olympic Park.

Of the 400 claimants totalling 193 businesses affected by the compulsory purchase of 500-acre Olympic Park, the LDA has now settled with around 300. That means there are now 98 still negotiating settlement. Around one third of these are disputing the settlement.

Harringay Meat Traders Ltd was seeking to get the land reclassified for planning purposes. It was seeking a development of up to 15 storeys comprising uses including retail, office, hotel and residential space.

The Secretary of State’s decision on the appeal under Section 18 of the Land Compensation Act 1961 leaves in place a certificate for Business (Class B1), General Industrial Development (Class B2), and Storage & Distribution (Class B8) uses only.

The LDA said the “successful outcome endorses the LDA’s approach to challenge unreasonable claims”.

The London Development Agency said it had taken a consistent approach to compensation claims incurred by compulsory purchase.

“We aim to make market value payments which fairly compensate those affected.”

pnorman@costar.co.uk

Advertisements

About Paul Norman's Olympics blog

News Editor of CoStar News, a commercial property news service. Regular blogger on the London 2012 Olympics and what it means for property and the the regeneration of East London
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s