St Pancras development dispute goes to high court

St Pancras development dispute goes to high court



798_2022-05-03-11-01-31am.gif
.

A property agent’s claim to a quarter of the profits made from the refurbishment of the St Pancras hotel is to be settled in the High Court.

Charles Lissak filed the claim against the developers of the £150 million St Pancras hotel, which was restored to its former Victorian gothic look.

He claims developers Manhattan Loft Corporation (MLC) owe him a finder’s fee for introducing the company to the owner of the site, London and Continental Railways.

The claim has been rejected by the firm, which is run by Harry Handelsman who established ‘loft living’ in London.

He said in an interview it had turned into "a massive financial commitment but I feel an emotional attachment."

Mr Lissack, who now works for Yoo Capital, was formerly a consultant for MLC and worked on the redevelopment of the Grade I listed St Pancras Chambers building above the station.

The St Pancras Renaissance Hotel re-opened in May.

Mr Lissack’s claim reads: "In 1996, Mr Lissack introduced an opportunity relating to the redevelopment of the London & Continental Railways site at St Pancras."

Despite the project running way over budget it is still expected to make in the region of millions of pounds of profit.

A spokeswoman for MLC, speaking to the Evening Standard, said the claim: "is completely without merit and MLC is defending it vigorously."

Leave a comment