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Compulsory Purchase
This is an acquisition in accordance with statutory procedures
and practice, of interests in land or rights, by a public
or private body empowered to do so by an Act of Parliament,
and authorised so to do by an appropriate Compulsory Purchase
Order.
Such a process entitles the purchaser to deprive the, usually
unwilling, owner or occupier of their property, upon payment
of compensation, as provided for by statute.
There are a number of rules and regulations governing the
assessment of compensation, which not only relate to the value
of the land and buildings, but also losses arising from disturbance,
severance and injurious affection and in circumstances where
no land is taken.
A Compulsory Purchase Order is an order made by a private
or public body (usually a local authority or government department),
with the relevant statutory powers, which, after confirmation
by the appropriate minister, gives the right to acquire specified
Land, Buildings or Rights compulsorily.
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Before you go office
hunting, make sure you have defined your space needs and service
priorities. Global Office Search can help you determine your
exact space requirements, locate the commercial properties that
best fit and help you negotiate favourable terms. |
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Global Office Search
Global Office Search
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| Global Office Search can provide
in-depth knowledge. |
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| Insight on the potential
for buying, selling or leasing offices and commercial
property and land in London and throughout the UK. |
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| We specialise in offices, with or without
warehouse, distribution or industrial space, and we represent
many owners, occupiers, developers and investors across the
country. |
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| As part of your office relocation
process, we offer an informal meeting to assess the realistic
options of selling or letting existing commercial property
or finding more suitable alternatives. |
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| We make our recommendations
but you decide what happens next. |
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