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NEWS MORE DEVELOPERS EXPECTED TO TAKE CROSSRAIL TO TRIBUNAL FOR COMPENSATION
The property industry's fight to recover potentially hundreds of millions of pounds in CPO compensation intensified this week with Great Portland Estates joining the battle.
The central London investor has filed papers with the Land Tribunal in a bid to secure increased compensation over the compulsory purchase of 18-19 Hanover Square, Wl, in December 2009.
Crossrail bought the site for £35.9m to make way for the development ofthe new Bond Street station. At the time, GPE chief executive Toby Courtauld said the price was "nowhere near" its...