City & General wins appeal
26 February 2010
City & General subsidiary, City & General (Investments) Ltd (CGI), has won an appeal in its dispute regarding a mixed-use development in Primrose Hill, London.
The Court of Appeal has overturned the decision made by HH Judge Mackie QC in March 2009. It had stated that CGI failed to obtain the required unqualified consent for an office and residential scheme by the completion date for land at 1 and 2 Dumpton Place, giving the buyer, Razama Ltd, entitlement to retain 10% of the £8.45m purchase price.
Razama had claimed that the consent given by Network Rail, owners of the neighbouring property, was not in accordance with the planning permission. CGI sued and the appeal court ruled that Network Rail had in fact clearly approved the whole development.