Tribunals · City of London Corporation · 2017 rating list

Bst-7th Flrs 100 Ludgate Hill, EC4M 7HY

Offices and premises Decided 17 July 2026 CHG100760067 GL Hearn Limited - Star 2017

OutcomeDismissedThe appeal failed, leaving the value at the figure the Valuation Officer had already conceded.

Original RV£2,350,000£460/m²

Ratepayer sought£2,280,000

VO conceded first£2,330,000−1% before the hearing

Tribunal decided£2,330,000£460/m²

Figures are as stated in the decision; a dash means the document does not state that figure.

What was argued and what the tribunal found

Santander UK PLC appealed against a rateable value of £2,350,000, later revised to £2,330,000, seeking further reduction to £2,280,000 (£450 per m2). The appellant argued that the adopted price of £460 per m2 was excessive and inconsistent with comparables and relativities from previous lists. The tribunal rejected this argument, finding that the Valuation Officer was not constrained by previous list relativities and was entitled to rely on settled agreements for comparable properties (particularly 5 Old Bailey at £464 per m2 and 10 Fleet Place at £455 per m2), concluding the appellant had failed to demonstrate the current adopted price of £460 per m2 was unreasonable.

Summary generated from the decision text and checked against it. The appellant was Santander UK PLC, represented.