Development
Liverpool Paradise Street Redevelopment
Roger Hannah represented Clear Channel UK Limited who owned part of the land that now forms part of the John Lewis retail store in the 1 billion Liverpool One retail development. The land was used for advertising purposes and produced a significant advertising income.
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The land extended to about 0.33 acres and clearly had development potential. Grosvenor sought to argue that in the no scheme world the only scheme that would get consent was a comprehensive redevelopment of a significant area of Liverpool and as such our client’s land had no development value. We resisted such a proposition and engaged architects, planners and barristers to demonstrate that development was possible and that the comprehensive development was part of the scheme and should be disregarded.
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We negotiated with Grosvenor over a 4 year time period to achieve fair compensation which resulted in a ÂŁ1.4 million settlement after protracted negotiations. Grosvenor’s initial offer was less than ÂŁ500,000. The case demonstrates that at times it is necessary to produce the technical and legal justification to support a compensation claim. In such cases it is important to have a good professional team from various disciplines to represent your interests.