Proprietary estoppel - share in development value (Court of Appeal) | Practical Law

Proprietary estoppel - share in development value (Court of Appeal) | Practical Law

Yeomans Row Management Ltd, v Cobbe, 31 July 2006 (Court of Appeal).

Proprietary estoppel - share in development value (Court of Appeal)

Practical Law UK Legal Update Case Report 4-203-9372 (Approx. 6 pages)

Proprietary estoppel - share in development value (Court of Appeal)

by Author: PLC Property
Law stated as at 04 Aug 2006England, Wales
Yeomans Row Management Ltd, v Cobbe, 31 July 2006 (Court of Appeal).
The Court of Appeal has upheld the High Court's decision to award a developer a half share of the increase in value of a property attributable to planning permission having been granted.
The developer had spent time and money obtaining planning permission to redevelop the property, relying on an oral agreement that the owner would sell it to the developer once planning permission had been obtained.
NOTE ADDED: The House of Lords has allowed the owner's appeal against this decision. For more details, see Legal update, Proprietary estoppel - share in development value (House of Lords).