Thursday, December 6, 2012

Hedge fund boss in row with Duke of Westminster



According to the Telegraph: A hedge fund manager has been banned from driving piles into his basement in one of London's most exclusive streets after the Duke of Westminster complained the noise would upset neighbours.  George Papamarkakis wanted to carry out piling work at his home in Chester Row, London SW1 which is owned by the Duke's Grosvenor Estate in preperation for a basement extension.  The estate argued it would disturb "significant nuisance to the neigbours and nearby residents" in the street where properties can sell for £5 million.

Mr Papamarkakis took his case to the high court arguing that the Duke's estate had the "wrong mental attitude" towards him and said personal "animus" was clouding its judgment.
In a triumph of old money over new, Mr Justice Ramsey dismissed those claims at London's Technology and Construction Court…..

Read all about it at http://www.telegraph.co.uk/news/newstopics/howaboutthat/9723879/Hedge-fund-boss-in-building-row-with-Duke-of-Westminster.html

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