Where a blight notice has been served in respect of land falling within paragraph 9A of Schedule 13 then, until such time as a Mayoral development corporation is established for the Mayoral development area, the Greater London Authority has power to acquire compulsorily any interest in the land in pursuance of the blight notice served by virtue of that paragraph.
Where the Greater London Authority acquires an interest under subsection (1), then—
if the land is or becomes land within paragraph 9A(b) of Schedule 13, the interest is to be transferred by the Authority to the Mayoral development corporation established for the Mayoral development area; and
in any other case, the interest may be disposed of by the Authority in such manner as the Authority thinks fit.
The Land Compensation Act 1961 has effect in relation to the compensation payable in respect of the acquisition of an interest by the Greater London Authority under subsection (1) as if—
the acquisition were by a Mayoral development corporation under Chapter 2 of Part 8 of the Localism Act 2011; and
the land formed part of an area for which a Mayoral development corporation has been established.