Waterstone Realty Limited, a real estate firm, has sued the Lands Commission over the demolition of a two-storey-multifunctional structure that was formerly located at the present location of the National Cathedral project.

According to the plaintiff's summons, the defendant, the Lands Commission, compulsorily possessed and demolished its flat in 2018 for the development of the National Cathedral project.

As a result, Waterstone Realty Limited has requested the following monetary damages.

“An order directed at the defendants to pay the plaintiff of the sum of USD$4,721,000.00 being the market value of the two-storey multipurpose building complex at the time of compulsory possession and demolition by Defendants.”

It also wants the court to ask “the defendants to pay the plaintiff the sum of USD$995,508.52 being the difference in terms of the established market value of the plaintiff’s property on the land being the sum USD$4,721,000.00 and the actual value of the property as of May 2018 when the defendant repossessed the property being the value of the two-storey multipurpose building”.

The damages requested include a sum of $54,000 to be paid as rent loss.

Furthermore, Waterstone desires interest in the aforementioned quantities beginning June 1, 2018.