Appeal court backs Persimmon over landlocked plot

Housebuilder Persimmon Homes has fended off an appeal against a damages ruling in its favour over a landlocked plot of land that it bought an option on as part of a corporate acquisition. The Court of Appeal dismissed on appeal the former directors of a Kent and Sussex housebuilding business called Hillreed, which Persimmon bought in 2012 for £34m. After the sale had completed, Persimmon discovered that it did not have access to one of the plots it had an option on as part of the sale. It also discovered that the freehold to the plot that would have given
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