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Section 9 of the Land Compensation Act 1961 provides that: `No account shall be taken of any depreciation of the value of the relevant interest which is attributable to the fact that … an indication has been given that the relevant land is, or is likely to be, acquired by an authority possessing compulsory purchase powers`. The President concluded that this did not require the Land Chamber to value leasehold interests on the basis of terms different, in light of an indication, from those existing in fact. Permission to appeal was granted, but none was pursued. Simon Pickles represented the claimant as junior counsel (G.P.E. (Hanover Square) Limited and others v. Transport for London [2012] UKUT 417 (LC)).
