Originally Posted by
Airbanda
I suspect that market value as determined following a CPO may be less, and certainly no more, than would be achieved where interested parties may be in competition. It would almost certainly go the distance in terms of dispute mechanisms for CPO compensation - The Lands Chamber of the Upper Tier Tribunal then the Court of Appeal - but in the meantime the CPO would still be effective and possession taken.
Can you CPO land that you haven’t already attempted to purchase through other means? And can you CPO land with the intention of selling it on?
Always been under the impression that CPO is a mechanism of last resort, primarily used when you want to build a motorway or some such through someone’s land. Given the failure so far at the courts by DMBC, I’m skeptical as to how far they would get down this route. The best possible outcome is Peel being an interested seller.