CPO Valuation Seminar and Workshop
Valuing land and property for compulsory purchase compensation is a step into a hypothetical world – where land is taken, where some land is taken and no land taken, with its own language and terms - severance and injurious affection - with potential for ransom, and planning assumptions; and its own set of case law dictating what valuers are to do. Valuers are increasingly expected to get their valuation right first time. This is a thorough review of the valuation best practice and the underlying methodologies in respect of compulsory purchase and its compensation.
Start Date | Venue | Price | |
---|---|---|---|
4 April 2019 | CBRE St Martin's Court, London | ||
22 May 2019 | Village Hotel - Manchester Cheadle, Cheshire |
Note: All prices are to be paid in GBP and are subject to VAT at the prevailing rate
CPT Events would like to thank CBRE for the use of their facilities
Download and print your full course brochure here not available
Compulsory
purchase powers are being promoted as an essential tool for the delivery of
housing, regeneration and infrastructure.
Over
the next 10 years, it’s estimated that compensation payments relating to transport
and infrastructure CPO will exceed £15 billion. There is a demand for experienced practitioners
– for acquiring authorities to deliver schemes, and also for those who need to
act for claimants.
This
is a comprehensive programme reviewing the core and nuances of CPO valuations.
If you do CPO work, and particularly if you are relatively new to it, there has never been a more urgent need to review valuation principles, methodologies and to understand the pitfalls that exist for the unwary.
Speakers
- Henry Church MRICS, Senior Director, CBRE
- Raj Gupta, Partner, Town Legal LLP
- Colin Cottage BSc (Hons) MRICS RICS Registered Valuer, Managing Director - Compensation, Ardent Management
Programme
Rule 2
- How a Rule 2 valuation differs from a Red Book valuation
- Hypothetical Purchaser
- Valuation Date
- Condition/occupation/relevant matters affecting the land
- Potential Complications – marriage value, ransom
Planning Assumptions
- The
approach post Localism Act 2011
- Appropriate Alternative Development (AAD) and Certificates of Appropriate Alternative Development (CAADs)
- Does AAD or a CAAD mean full development value?
The 'No-Scheme Principle'
- The approach post Neighbourhood Planning Act 2011
- How do the old no-scheme principle and the new no-scheme principle differ?
Severance and Injurious Affection
- What
is severance and injurious affection
- The relationship between Rule 2 value and compensation for severance and injurious affection
- Notices of material detriment
- Sub-soil acquisition and injurious affection
- The differences in valuation methodology
Disturbance
- Principles of Compensation to disturbance compensation
- Approaches to assessing compensation - Gathering relevant, weighting and presenting evidence
- The role of forensic accountants
- Extinguishment v loss of profits, and partial extinguishment
- A review of relevant statute case law
Afternoon Workshops:
Rule 2 Valuation - Ransom/No-Scheme Principle
Planning Assumptions
Severance and Injurious Affection
Comparison Valuation New Planning Assumption/No-Scheme Principle v Old Planning Assumptions and No-Scheme Principle
Roundup and Questions