GND & PT 1ST FLR CITY TOWER & SKYLIGHT 40 & 50, BASINGHALL STREET, EC2V 5DE
Offices and premises Decided 9 October 2025 CHG100535327 Ryan
Figures are as stated in the decision, and are values in the 2017 list; a dash means the document does not state that figure. This judgement decided 6 properties together; the figures above are for this appeal's property (GND & PT 1ST FLR & SKYLIGHT, City Tower, Basinghall Street, London, EC2V 5DE). Every property is listed below.
The 6 properties in this decision
One judgement covered all of these appeals. Each property’s figures as the judgement states them (2017 list); this appeal’s property is highlighted.
| Property | Original RV | Sought | Tribunal decided | Outcome |
|---|---|---|---|---|
| LEVEL 20, City Tower, Basinghall Street, London, EC2V 5DE | — | — | £244,000 | Allowed in part |
| PT LEVEL 6 (WEST), City Tower, Basinghall Street, London, EC2V 5DE | — | — | £149,000 | Allowed in part |
| GND & 1ST FLRS & SKYLIGHT, City Tower, Basinghall Street, London, EC2V 5DE | — | — | £840,000 | Allowed in part |
| GND & PT 1ST FLR & SKYLIGHT, City Tower, Basinghall Street, London, EC2V 5DEThis appeal | — | — | £805,000 | Allowed in part |
| LEVEL 19, City Tower, Basinghall Street, London, EC2V 5DE | — | — | £248,000 | Allowed in part |
| LEVELS 6 & 7, City Tower, Basinghall Street, London, EC2V 5DE | — | — | £497,500 | Allowed in part |
What was argued and what the tribunal found
The appellants challenged the unadjusted base rate of £475 psm used for all subject office properties at City Tower, seeking £435 psm based on rental and settlement evidence. The Tribunal found the original £475 psm rate was unreasonable and unsustainable in light of the evidence, including five rents from the subject building and comparable assessments that had been settled between £375–465 psm. The Tribunal adopted an unadjusted base rate of £450 psm, reducing some valuations while 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) [2018] UKUT 0253 (LC)
- Hearing
- 10 September 2025
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