Tunnel Acquisition Information Paper - Part 2
August, 2020
Overview
The prevalence of tunnels is increasing in modern society as advances in technology make tunnelling a more viable option when it comes to infrastructure projects. The acquisition of underground land is generally considered to be less obtrusive compared with the more traditional surface level acquisition, however the process is seemingly less straightforward when it comes to compensation.
This two-part White Paper aims to bring to light some of the key differences between the two types of acquisitions (that is, acquisition of underground land, versus surface level acquisitions), and the key considerations from the perspective of a valuer. Landowners impacted by the acquisition of sub-stratum land should seek legal advice as to their compensation entitlements.
Part two seeks to exemplify the differences between the two types of valuation via hypothetical examples. The first case study demonstrates the acquisition and compensation process for the total acquisition of a property (at surface level). The second case study demonstrates the acquisition and compensation process for the acquisition of a stratum of land below ground (tunnel acquisition).
The paper is sectioned over two parts:
-
Part one provided an overview of how to identify
impacted land and the acquisition process.
https://m3property.com.au/publication/tunnel-acquisition-information-paper-part-1/ -
Part two looks at two case studies, one of a
surface level acquisition, and one of a below
ground acquisition for a tunnel.
Case Study – Surface Level Acquisition (Residential Property)
Case Study – Tunnel Acquisition (Hypothetical Tunnel Project)
Our Services
Litigation and Acquisition
The Litigation and Acquisition team is recognised as one of Victoria’s leading independent experts in compulsory acquisition and litigation matters.
We have extensive experience in compulsory acquisition and litigation matters across all facets of real property throughout Victoria acting on behalf of private owners, corporations and government bodies.
- Assisting with Compulsory Acquisition Claims
- Assisting with Loss on Sale/Financial Loss Claims
- Attending Compulsory Conferences
- Giving Expert Evidence in VCAT and Supreme Court Proceedings
If you are impacted by land acquisition, please contact a member of our team.
