And leaseholders in Milton Keynes want to know who owns their freehold held by Long Harbour’s Abacus Land 4
Offshore games in residential property came a step closer to ending today as beneficial owners of commercial and residential enties hiding in tax havens must be declared to the Register of Overseas Entities. For years, commentators have looked askance at the UK’s hyper-capitalist residential property market, and have waited for public patience with offshore gaming to end.
The epic battle over service charges at St David’s Square, on London’s Isle of Dogs, took place earlier this month, with the landlord conceding more than £100,000 buildings insurance commission days before the tribunal hearing.
The battle is being mounted by LKP trustee and City solicitor Liam Spender, a leaseholder at St David’s Square, which is a high-end development of 436 flats across nine blocks.
Service charges in 2018 and in 2020 collected by FirstPort were about £2 million a year for the site, which also includes 40 freehold houses and two retail units.
