Newsteer advised private owners on compensation for interference with rights to light at Lee House arising from neighbouring redevelopment. Our valuation and development modelling supported a significant increase in compensation and an agreement that released the rights needed for the development to proceed.
The client’s challenge
The owners needed to quantify the value of the rights affected and negotiate appropriate compensation where the loss could not be assessed through conventional property value alone.
Our solution
Newsteer used development modelling and scheme cutback analysis to assess the developer’s profit and land-value uplift attributable to the infringement and inform negotiations.
Beyond advice: how we added value
By testing the economics of the neighbouring scheme, the team reframed the claim around the value created by releasing the right, not simply the physical impact on the existing property.
Outcomes and impact
The advice secured a significant uplift in compensation and an agreement to release the rights, allowing the neighbouring development to proceed.
