THERE is a Victorian plane tree in the centre of London, in the space once made famous by a song that regaled a nightingale singing in the square, that is worth a whopping £750,000, as high as many apartments in the area. This value is based on size, age, health, location, and the number of people who are enjoying the tree under a system called Cavat (capital asset value for amenity trees) to stop these green assets from being cut down with impunity.
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