(EXCL BST PT FNT) BST-3RD FLRS, 43, UPPER GROSVENOR STREET, W1K 2NJ
Office and premises Decided 22 August 2023 CHG100699227 Altus Group - Oakland - Manchester
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 appellant contended that the redevelopment of the former American Embassy into a luxury hotel complex, a seven-year project located less than 8 metres from the subject hereditaments, warranted a 10% end allowance rather than the original 5%. The tribunal found that the scale and duration of the works, proximity to the unsealed buildings, and noise and disturbance impacts justified an allowance of 10% to reflect the material change in circumstances affecting hypothetical tenant negotiations.
Summary generated from the decision text and checked against it. The appellant was Arab British Chamber of Commerce, represented.
Grounds argued
- Change of circumstances
- Building works or disturbance nearby
- Change of circumstances
- redevelopment of hotel
- Evidence
- Expert report
- Cases cited
- Gardiner & Theobald LLP v David Jackson (VO) [2018] UKUT 0253 (LC)
- Hearing
- 25 July 2023
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