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Yep. That wording would prevent you as lessee from acquiring a prescriptive right to light under section 3 of the Prescription Act 1832. It would also mean that the freeholder's right to damages in lieu of an injunction would be pretty limited, as the value of the reversion is unlikely to be affected much by any decrease in natural light, but that's a matter from them to argue out with the owners of the building plot and wouldn't really concern you.
That's really interesting. Thanks dude. I've checked our lease and I think based on my reading of the hellish run-on-sentence we do not have a leg to stand on:
"[the freeholder] shall have power at all times without obtaining any consent from or making any compensation to the Lessee [...] to erect or suffer to be erected on any such adjoining opposite or neighbouring land any buildings whatsoever [...] whether such building alterations or additions shall or shall not affect or diminish the light or air [...] enjoyed by the Lessee or other the tenants or occupiers of the Flat or any part thereof"
Feels like I'm pretty fucked on this right?