Search
 

British Developers Fail to Block $1.9B Development

LONDON-Two of Britain's biggest developers, Land Securities and British Land, lose their bid to block a euro 1.5-billion ($1.9-billion) development of the Ravenscraig site in Scotland.

By Anita Howarth | Updated on October 26, 2006

LONDON-Land Securities and British Land have lost their challenge in the House of Lords–the UK’s highest court of appeal–to a euro 1.5-billion ($1.9-billion) retail development on the Ravenscraig site in Scotland.

Britain’s two biggest quoted property developers had sought to challenge the decision by Scottish Ministers to alter the local plan drawn up by the councils to re-designate Ravenscraig as a Town Center. By allocating Ravenscraig town center status ministers effectively provided the legal go-ahead for Wilson Bowden’s extensive retail development for Ravenscraig.

The Scottish Retail Property Limited Partnership, consisting of British Land and Land Securities, believe the extent of the proposed development at Ravenscraig will have an adverse effect on other town centers in the region, such as East Kilbride, Hamilton and Motherwell.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.