82 Portland Place (Freehold) Ltd v Howard De Walden Estates Ltd

LEASEHOLD ENFRANCHISEMENT � collective enfranchisement � whether tenants who were not parties to initial notice subsequently became participating tenants � deed of adherence � relativity � benefit of the Act � whether a purchaser�s margin to be deducted from aggregated leasehold values � appeal allowed in part

Michael Pryor, instructed by Speechly Bircham LLP, Solicitors for the Respondent

Hildron Finance Ltd v Greenhill Hampstead Ltd (2007) LRA/120/2006, BAILII: [2008] EWLands LRA_120_2006

This appeal is against a decision of the Leasehold Valuation Tribunal for the London Rent Assessment Panel (�the LVT�) given on 24 November 2010 and concerns the price payable on the acquisition by the appellant nominee purchaser of the freehold interest in 82 Portland Place, London W1 under Chapter 1 of Part 1 of the Leasehold Reform, Housing and Urban Development Act 1993 (�the 1993 Act�).� The LVT�s decision of 24 November 2010 was the first of three decisions by which it determined that the price payable on the acquisition was �21,340,923.�

At the hearing before us Stephen Jourdan QC, representing the appellant, called Mr Peter Beckett FRICS to give expert evidence on valuation matters.� Michael Pryor of counsel, appearing for the respondent, called Kevin Ryan FRICS and Julian Clark MRICS to give expert evidence.