Wossit called when a developer holds on to a piece of land which is key to the next piece - something like "hostage" piece or somesuch. Just can't remember.
cheers Jacob
development land
Jun 21, 2007
8 Replies
Financially astute !
AWEM
Insider info or your a councillor? Al
Ransom strip.
The message from normanwisdom contains these words:
Ransom strip. Rumour has it that they can be worth as much as half the unencumbered value of the property they bar access to.
ransom strip
ransom.
"ransom strip"
Owain
But then the council comes along and authorises a compulsory purchase order and purchases it for peanuts.
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