Waterstone Realty Limited has sued the Lands
Commission over the demolition of a two-storey multipurpose building which was
at the designated location for the National
Cathedral project.
The plaintiff, a Real Estate agency, in its writ of
summons, said the defendant, the Lands Commission in 2018 compulsorily
possessed and demolished its apartment.
They are, therefore, demanding USD$ 4,721,000.00
being the market value of the two-storey multipurpose structure from the Lands
Commission over the demolition exercise.
Waterstone Realty Limited is also demanding the
following amounts to be paid as damages:
“The defendant to pay the plaintiff the sum of
USD$995,508.52 being the difference in terms of the established market value of
the plaintiff’s property on the land being the sum of USD$4,721,000.00 and the
actual value of the property as of May 2018 when the defendant repossessed the
property being the value of the two-storey multipurpose building.”
