FabSwingers.com > Forums > The Lounge > BA will do very well out of the new runway

BA will do very well out of the new runway

By *ongtalljon OP Man over a year ago

North Wales

The head offices of BA and it's parent company, IAG were built way back towards the end of last century. They cost £200million quid to build.

The problem is, the building has little or no resale value and would be difficult to rent out to other corporates.

However, it does usefully lie in the path of the new runway, which means BA will receive compulsory purchase price for the property which is current market value plus 25%.

Nice little earner.

Reply privately, Reply in forum +quote or View forums list

By *oncupiscentTonyMan over a year ago

Kent

The problem is, the building has little or no resale value"

" BA will receive compulsory purchase price for the property which is current market value plus 25%.

Nice little earner.

It's one or the other surely?

Reply privately, Reply in forum +quote or View forums list

By *ongtalljon OP Man over a year ago

North Wales

The problem is, the building has little or no resale value

BA will receive compulsory purchase price for the property which is current market value plus 25%.

Nice little earner.

It's one or the other surely?"

Aah, but we don't live in such a simplistic world. Market Value will typically mean how much the property would be offered for sale at. That doesn't necessarily mean anyone would want to buy it!

I get what you're saying though, I double read what I'd written myself!

Reply privately, Reply in forum +quote or View forums list

» Add a new message to this topic