CPO Valuation Seminar and Workshops
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. It has own language and terms: severance and injurious affection - with potential for ransom, and planning assumptions. Its own set of case law, dictating what valuers are to do. Plus, increasing expectations on valuers to get their valuation right first time. This programme provides a thorough review of the valuation best practice and the underlying methodologies in respect of compulsory purchase and its compensation.
|2 April 2020||The Park Royal Hotel, Warrington||£260||BOOK|
|29 April 2020||Village Hotel Solihull, Solihull||£260||BOOK|
|19 May 2020||De Vere Holborn Bars, London||£260||BOOK|
Note: All prices are to be paid in GBP and are subject to VAT at the prevailing rate
Compulsory purchase powers are being promoted as an essential tool for the delivery of housing, regeneration and infrastructure. Over the next 10 years, it is 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.
- Colin Cottage BSc (Hons) MRICS RICS Registered Valuer, Senior Director, Ardent
- Henry Church MRICS, Senior Director, CBRE
- Raj Gupta BA (Hons) CPE, Partner, Town Legal LLP
Welcome and Intoduction
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 value
- 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 does 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
Questions and Answer Session
- 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 statue and case law
- Rule 2 Valuation - Ransom/No-Scheme Principle
- Planning Assumptions
- Severance and Injurious Affection
- Comparing Valuation New Planning Assumption/No-Scheme Principle v Old Planning Assumptions/No-Scheme Principle