Barclays, 8 Market Street, NN8 1AT
Decided 24 June 2024 CHG100884814 Jones Lang LaSalle
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 8 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellants argued that assessments did not reflect the adverse effects of Rushden Lakes Shopping Centre opening in July 2017 and its expansion in June 2019, which drew footfall and revenue away from surrounding town centres. The tribunal found that the appeal properties fell within the same locality as Rushden Lakes (following precedent from earlier hearing), and agreed 10% reductions reflecting the material change of circumstances. The effective date for the reductions was set at 28 June 2019, being when Rushden Lakes expanded.
Summary generated from the decision text and checked against it. The appellant was Barclays Bank Plc, represented.
Grounds argued
- Change of circumstances
- Change of circumstances
- anchor store closure
- Evidence
- Earlier tribunal decisions
- Hearing
- 12 June 2024
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