Ballymore Millharbour era of buy-to-let litigation draws to a close

With a slight tear in my eye [well, not really] I have been reliably informed that developer Ballymore has almost finished pursuing the 130-odd off-plan buyers of flats in its 762-home Pan Peninsula scheme in London E14.

Ballymore was seeking to force the buyers to complete on the purchases or face paying damages and forfeiting their deposits.

However, I was told last week that the only remaining claim arising from the development is that of Eurostaff Group which is seeking a declaration that it is not obliged to complete a long lease of a flat and an order forcing Ballymore to return a £134,400 deposit.

So well done to Ballymore's lawyers Howard Kennedy which has successfully completed a pretty monumental job.

Photo by Zimpenfish via Flickr.