“A future London development that could house the first Apple Inc store in the City financial district has become the latest scheme caught up in a legal wrangle over neighbouring properties’ rights to sunlight,” Tom Bill reports for Reuters.
“The plot’s current owner, the City of London local authority, has asked its transport and policy committees to approve powers that would enable it to override laws that allow neighbours to stop developments that block their sunlight,” Bill reports. “More important is the economic benefit the scheme will bring to the area, the City planning officer and comptroller and City solicitor said in a report to the committees, which appears on the local authority’s website.”
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Bill reports, “The proposed 10-storey development at 100 Cheapside has planning permission for 87,000 square feet of offices and 13,000 square feet of retail. U.S. developer Hines is in talks to buy the site for under 25 million pounds and Apple is interested in taking space there, a source close to the process told Reuters.”
Read more in the full article here.