Property Week reports that Arrowcroft have told the High Court that it will not proceed with the action against communities secretary Ruth Kelly, who gave planning consent for the rival Stanhope Schroders' scheme for the Croydon Gateway development last June.
Arrowcroft believes that the subsequent decision by the council to compulsorily purchase the site for the Arrowcroft scheme, means that it does not need to proceed with the court case.
Pride comes before a fall!
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