Equistone Partners Europe Limited, PT 6TH FLR 60 Ludgate Hill, EC4M 7AW
Offices and premises Decided 20 July 2026 CHG100560581 Knight Frank
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 8 properties together; the figures above are for this appeal's property (Pt 6th Flr, 60 Ludgate Hill, London, EC4M 7AW). Every property is listed below.
The 8 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 |
|---|---|---|---|---|
| 1st and 2nd Flrs, 60 Ludgate Hill, London, EC4M 7AW | £2,230,000 | — | £2,230,000 | Dismissed |
| 1st & (Exc North) Pt 2nd Flr, 60 Ludgate Hill, London, EC4M 7AW | £2,070,000 | — | £2,070,000 | Dismissed |
| Pt 6th Flr, 60 Ludgate Hill, London, EC4M 7AWThis appeal | £407,500 | — | £407,500 | Dismissed |
| 9th Flr, 60 Ludgate Hill, London, EC4M 7AW | £675,000 | — | £675,000 | Dismissed |
| 4th Flr, 60 Ludgate Hill, London, EC4M 7AW | £1,130,000 | — | £1,130,000 | Dismissed |
| 3rd Flr, 60 Ludgate Hill, London, EC4M 7AW | £1,130,000 | — | £1,130,000 | Dismissed |
| 5th Flr, 60 Ludgate Hill, London, EC4M 7AW | £337,500 | — | £337,500 | Dismissed |
| 7th Flr, 60 Ludgate Hill, London, EC4M 7AW | £645,000 | — | £645,000 | Dismissed |
What was argued and what the tribunal found
The appellants, represented by surveyors, challenged the 2017 rating list valuation at £550 per m2 for office floors at 60 Ludgate Hill, proposing a reduction to £535 per m2 based on rental evidence and comparable assessments. The tribunal found that rental evidence from within the subject building ranged from £504 to £629 per m2, with the adopted price of £550 per m2 falling reasonably within this spread and therefore not unreasonable. The appeals were dismissed and the original valuations confirmed.
Summary generated from the decision text and checked against it. The appellant was Commonwealth Bank of Australia, represented.
Grounds argued
- Comparable assessments (tone)
- Rental evidence
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 26 June 2026
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