Railtrack Plc & Anor v Guinness Ltd [2002] EWLands CON_153_2000 (11 February 2002)

The tribunal determined the value of the access rights over the railway to allow development, using residual valuation, and fixed the value at £5 million.

Citation: [2002] EWLands CON_153_2000
Parties: Claimant: Railtrack Plc; Claimant: London Underground Limited; Respondent: Guinness Limited
Jurisdiction: England and Wales
Judgment Date: 11 February 2002
Procedural Posture: Arbitration / Final Decision
Outcome: value of access rights determined
Legal Topics: Access Rights, Development Land, Valuation of Access Rights

Property Law Arbitration Access Rights Development Land Valuation of Access Rights

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Parties

Railtrack Plc

Claimant

London Underground Limited

Claimant

Guinness Limited

Respondent

Procedural Posture

Arbitration / Final Decision

Legal Issues

1 Determination of the value of access rights over railway land to allow development

Ratio Decidendi

The tribunal determined the value of the access rights over the railway to allow development, using residual valuation, and fixed the value at £5 million.

Court Disposition

value of access rights determined

Orders

Value of access rights over railway land set at £5 million