Ropes & Gray International Llp, 5th Floor South, EC4M 7AW
Offices and premises Decided 20 July 2026 CHG100700758 Graham + Sibbald
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 (7th 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 7AW | £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 7AWThis appeal | £645,000 | — | £645,000 | Dismissed |
What was argued and what the tribunal found
The appellants sought a reduction in the price per m² from £550 to £535 based on rental evidence from within the subject building and comparable assessments. The tribunal found that rental evidence from within 60 Ludgate Hill ranged from £504 to £707.50 per m², with two rents below the adopted price and two above it. The tribunal concluded that the adopted price of £550 per m² was not unreasonable and dismissed the appeals.
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)
- Evidence
- Rents
- Cases cited
- Lotus and Delta v Culverwell
- Hearing
- 26 June 2026
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