View Author March 2014
The Upper Tribunal (Lands Chamber) (“Tribunal”) has issued its first major and important decision on the level of compensation for land compulsorily acquired in the Olympic site at Stratford in East London in Halpern, Gladwell, Clearun Limited & Dominion Mosaic & Tile Company Limited v Greater London Authority  UKUT 116 (LC). This decision importantly (a) sets a tone and scope for the valuation of other land in the Olympic site and (b) sets out with some clarity the Tribunal’s approach when valuing the development potential of land as well as producing guidance on disturbance and extinguishment. There are also some useful comments on safeguarded land. Squire Sanders acted for Greater London Authority.