Weatheralls' expert quizzed

Article Abstract:

Legal action is being taken by Arab Bank against Weatherall Green and Smith for a review undertaken by senior partner Terry Knight of John D. Wood Commercial's 22 million pounds sterling valuation of Lingfield industrial estate in 1989. Jeremy Waters, senior valuation partner at Jones Lang Wootton and expert witness for Weatherall Green and Smith, has stated in court that he believes that certain directors of Brensham, a company 82%-owned by Mountleigh, were guilty of taking funds offshore, thus causing disadvantage to Mountleigh.

Cases, Negligence, Weatherall Green and Smith

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DOT frees developers from potential cost of extra traffic

Article Abstract:

The UK government has changed regulations relating to developers' liability for funding improvements to truck roads. Developers have until recently been obliged to fund improvements if studies for planning permission indicate that traffic flow will rise within 15 years of completion. Under the new regulations, developers will be liable only for the cost of access routes to trunk roads. Some observers believe that this will cut the cost of processing planning applications.

Laws, regulations and rules, Real estate development

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Canary to profit at City expense

Article Abstract:

The sale of Canary Wharf for 750 million pounds sterling to International Property Corp, a consortium formed by Canadian businessman Paul Reichman, will attract more tenants to the Docklands area. This will divert business away from the City of London. There is currently planning permission for a further 8 million sq ft of offices at Canary Wharf.

Forecasts and trends, London, England, Buildings and facilities

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