Petronas Energy Trading Ltd, Petronas Energy Trading Ltd, EC4M 7AW
Offices and premises Decided 20 July 2026 CHG100695864 Dalton Warner Davis - Toni Lodeiro
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 2 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellants challenged the rateable value of offices at 60 Ludgate Hill (One New Ludgate), seeking a reduction from £550 per m² to £535 per m². They relied on rental evidence from within the building and comparable assessments. The Tribunal considered rental evidence from five separate lettings within the building, ranging from £504 to £707.50 per m², and found that at £550 per m² the adopted price was not unreasonable, being supported by evidence above and below this level. The appeals were dismissed and the entries confirmed.
Summary generated from the decision text and checked against it. The appellant was Commonwealth Bank of Australia, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone) · decisive
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 26 June 2026
Similar decisions
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