L19 CITY TOWER 40,, BASINGHALL STREET,, EC2V 5DE
Offices and premises Decided 9 October 2025 CHG100136117 Evans Payne - Harris Makhdumi/Harris Makhdumi
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 6 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellants challenged the rateable values of six office units at City Tower, arguing the original unadjusted base rate of £475 psm was unreasonable. The tribunal found that the original assessments were unsustainable in light of rental evidence from the subject building and comparable settled assessments in the locality (ranging from £375-£465 psm), which demonstrated the existing valuations were out of line with market evidence. The tribunal determined revised RVs based on an unadjusted base rate of £450 psm, allowing the appeals in part.
Summary generated from the decision text and checked against it. The appellant was St James's Place, Mewburn Ellis LLP, Salmon Limited, Porta Communications PLC, represented.
Grounds argued
- Comparable assessments (tone) · decisive
- Rental evidence
- Evidence
- Rents, Settled assessments
- Cases cited
- Gardiner & Theobald LLP v David Jackson (VO)
- Hearing
- 10 September 2025
Similar decisions
- 5 TH FLR 1, BARTHOLOMEW LANE, EC2N 2AX — Dismissed, 10 Sept 2026
- Petronas Energy Trading Ltd, Petronas Energy Trading Ltd, EC4M 7AW — Dismissed, 20 Jul 2026
- Equistone Partners Europe Limited, PT 6TH FLR 60 Ludgate Hill, EC4M 7AW — Dismissed, 20 Jul 2026
- Ropes & Gray International Llp, 5th Floor South, EC4M 7AW — Dismissed, 20 Jul 2026
All decisions in City of London Corporation · Offices nationally
Is your own rateable value in line?
A free check compares a property with the assessments around it and says plainly whether there is anything worth pursuing.
Check a propertyThe tribunal’s decision in full
Decision © Crown copyright, published by the Valuation Tribunal Service under the Open Government Licence v3.0 and reproduced unaltered. This site does not index the names of private individuals that appear in decisions. Information, not advice.