Proprietary estoppel - share in development value (High Court)
Cobbe v Yeomans Row Management Ltd, 25 February 2005, (High Court).
The High Court has awarded a developer a half share of the increase in value of a property attributable to planning permission having been granted. The developer had spent a considerable sum obtaining planning permission to redevelop the property, relying on an oral agreement that the owner would sell it to the developer once planning permission had been obtained.
NOTE ADDED 04/08/06: The Court of Appeal has upheld the High Court's decision. See Legal update, Proprietary estoppel - share in development value (Court of Appeal)