Chelsea Bridge Wharf wins at Land Valuation Tribunal
For anyone thinking about buying Peverel – and the administrators are now in serious talks with a buyer – it looks like yet another flagship Thames-side development is about to slip out of its clutches.
Chelsea Bridge Wharf, beside the old Battersea Power Station site, is in the process of going for RTM, has won at LVT but Peverel is taking the issue to the Land Tribunal on appeal. It is the usual familiar story. The Tchenguiz’s Fairhold Artemis hoovered up the freehold and bought Peverel, the managing agent, and the fees started escalating.