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The Scheme
The Scheme
The demolition of Charter Place commenced in December 2015 and the new scheme opened in September 2018. It is now part of Intu Watford, and consists of a large store occupied by Next, approximately 15 shop units, 2 leisure units and a selection of food and beverage outlets. The original multi-storey car park has been retained and the covered market has been relocated elsewhere in the town centre.
- Heading
- Introduction
- The facts
- The reference property (18 Charter Place)
- The plan below shows the layout of the reference property
- The Scheme
- Temporary closure
- The relocation property (23/24 Intu Watford)
- Break and rent free regrant
- The legal framework
- The claim
- Accounting evidence
- Assessment of temporary loss of profit
- Discussion of temporary loss of profit
- Valuation expert evidence
- Value for money?
- Relocation options
- The deal for the lease of the relocation property
- Comparison of reference and relocation properties
- Conclusions