- Reference: 2005/0321-1
- Question by: Damian Hockney
- Meeting date: 08 September 2005
The LDA offered a firm in Marshgate Lane a site in Leyton to relocate to. The LDA bought the Leyton site a year ago at £886,667 per acre. They are now asking £1.1 million per acre. That's an increase in value of 24%. One of the companies in East London being forced to relocate bought their current site at Marshgate Lane in 2000 for £1.075 million and spent £300,000 on various improvements, making a total cost of just under £1.4 million. The LDA have offered £1.5 million for it, five years later. So the LDA are saying The Marshgate Lane...
