Another win for Bo-Kaap residents
Bo-Kaap residents have claimed another victory after developer Blok Urban Living dropped its interdict against the community, says a Cape Argus report.
The Western Cape High Court decided the developer could not transfer its interdict application to Prime Point Properties.
It was also decided that the matter regarding the cost would be carried over until the next matter was heard on 19 June.
Court papers state that Blok entered into a written sales agreement with the new owners in June last year.
The property was sold to them for over R51m.
Blok developers had initially planned to develop a pilot inclusionary-housing project.
In November, the Western Cape High Court granted the interdict to the developers, preventing the community from interfering with construction.
© Juta and Company (Pty) Ltd 2016
Article disclaimer: Juta expressly reserves the right, in its sole and absolute discretion, to alter or amend any criteria or information set out in this article without notice. Accordingly, any information, including journalistic articles, are not intended to constitute legal, financial, accounting, tax, investment, consulting or other professional advice or services. Before making any decision or taking any action based on the information contained in this article, which decision or action might affect your personal finances or business, you should consult a qualified professional advisor.