Development close to London's Paddington Station has triggered a £500k legal dispute
The Paddington Basin development in London is at the centre of a £500,000 legal spat.
The project, which includes office blocks, shops, restaurants, bars, and homes, has revitalised the area close to Paddington Station.
Now Paddington Basin Developments, European Land and Property, and Paddington Basin Management are suing West End Quay Management in a dispute over service charges.
The three companies accuse West End Quay of breaching an estate management deed by failing to pay £599,881.33 due in charges, as well as interest. They are suing West End Quay for the money, as well as interest amounting to £54,810.23, and continuing interest of £135.59 a day.
Paddington Basin Developments and European Land assigned part of their 999 lease of the site to Frogmore Estates, who in turn transferred the lease to West End Quay Ltd, according to a High Court writ. A different company, West End Quay Estate Management Ltd, agreed to pay service charges, but has failed to do so in full, the writ says.