Campaigners vying to save the Stanley Buildings North in King's Cross, London are celebrating after a significant climb-down by developer Argent.
In a dramatic twist, a High Court hearing scheduled for yesterday afternoon (24 April) was cancelled after the developer proposed a compromise agreement regarding the internal demolition of the listed structure.
Under the deal, Argent - which is behind the £2.5 billion revamp of the King's Cross area - has agreed to carry out only 'limited internal demolition works' within the building.
Furthermore, it will do so on the understanding that should it fail in the forthcoming judicial review - scheduled for the 24 May - it will reinstate everything it has demolished.
Diana Kelly, of the King's Cross - Think Again campaign group, said: 'This is real progress. For a start we don't have to go to the High Court to argue for an injunction which would have been a complete waste of time.'
However, Kelly conceded that there was still a long way to go. She said: 'Argent are feeling confident that we will lose that judicial review, and their confidence may well be correct.'by Max Thompson