Sixth Floor, Grimaldi House, SW1Y 4JH
Offices and premises Decided 20 June 2022 CHG100189432 Conneely Tribe - Austin Marshall
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 9 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellant, Grimaldi Agencies UK Limited, challenged the 2017 rating list valuations for nine floors of offices at St James's Square, arguing for a 37.5% reduction due to multiple material changes in circumstances comprising construction works at nearby properties (Conway Materials compound, 24-25 St James's Square, 30 St James's Square, and Norfolk House). The Valuation Officer had allowed a 20% reduction. The Tribunal found that while the construction works were severe and would impact the hypothetical tenant's bid, the evidence did not support the full 37.5% reduction sought. Considering comparable case law (particularly Hostsoho Limited) and the intensity and duration of the works, the Tribunal allowed a 30% reduction as reasonable, with effect from 5 December 2017.
Summary generated from the decision text and checked against it. The appellant was Grimaldi Agencies UK Limited, represented.
Grounds argued
- Change of circumstances
- Change of circumstances
- construction works in the locality
- Evidence
- Expert report, Photographs
- Cases cited
- Hostsoho Limited v David Jackson (VO) [2019] UKUT 0166; Berrill v Hill RA/34/99; Dawkins (VO) v Ash Brothers and Heaton Limited [1969] 2 AC 336
- Hearing
- 24 May 2022
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