21 Jun 2024
WHEELOCK SDL FINANCE LTD AND OTHERS v. I-AUTOMATION LTD FORMERLY KNOWN AS INDUSTRIAL AUTOMATION LTD AND OTHERS
- Citation
- [2024] HKLdT 54
- Court
- Lands Tribunal
- Case number
- LDCS10000/2022
The Tribunal held that 'each property' in Part 1 of Schedule 1 may mean a merged property in reality and that valuation methodology is a question of valuation to be resolved by market evidence; on facts the Reinstatement Approach was appropriate for the merged 5th–8th and 9th–12th floor properties because reinstatement to individual floors was feasible, financially attractive and reflected highest and best use; redevelopment was justified by expert evidence on age and structural deterioration; applicants had taken reasonable steps to purchase minority interests; RDV was fixed at HKD 728000000…