LORD JUSTICE LLOYD: This is the oral hearing by way of renewal of an application for permission to appeal on the part of the Earl Cadogan and Cadogan Estates Limited against a decision of His Honour Michael Rich QC sitting in the Lands Tribunal, given on 7th April 2006 on one of two issues which arose in determining the price to be paid by the nominee purchaser, 27/29 Sloane Gardens Limited, in respect of the freehold of six flats at the address indicated by the name of the first respondent, the nominee purchaser. The issue on this particular point arose between the appellants, who are in effect the freeholders, and not so much the first respondent whom I have mentioned but rather the second respondent, Wayil Mahdi, the intermediate lessor who holds under a headlease from the Cadogan Estate dated 15th February 1979.

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