35 TH FLR, THE LEADENHALL BUILDING, 122, LEADENHALL STREET, EC3V 4PT
Office and premises Decided 6 September 2024 CHG100890145 CBRE - David Shuttleworth
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
The appellant sought a 10% end allowance for demolition and construction works at nearby buildings (6-8 Bishopsgate, 22 Bishopsgate, and 150 Leadenhall Street). The tribunal determined the material day was 6 December 2022 and found that by that date, the vast majority of construction work at the cited buildings had been completed. The tribunal was not satisfied that any remaining works or disruption at the material day would warrant a reduction in ratable value, and found that a hypothetical tenant would not reduce their rental bid. The tribunal dismissed the appeal and confirmed the ratable value at £670,000.
Summary generated from the decision text and checked against it. The appellant was Petredec (Europe) Limited, represented.
Grounds argued
- Change of circumstances · decisive
- Change of circumstances
- demolition and construction works at adjacent buildings
- Evidence
- Photographs, Settled assessments
- Hearing
- 7 August 2024
Similar decisions
- 5 TH FLR 1, BARTHOLOMEW LANE, EC2N 2AX — Dismissed, 10 Sept 2026
- Petronas Energy Trading Ltd, Petronas Energy Trading Ltd, EC4M 7AW — Dismissed, 20 Jul 2026
- Equistone Partners Europe Limited, PT 6TH FLR 60 Ludgate Hill, EC4M 7AW — Dismissed, 20 Jul 2026
- Ropes & Gray International Llp, 5th Floor South, EC4M 7AW — Dismissed, 20 Jul 2026
All decisions in City of London Corporation · Offices nationally
Is your own rateable value in line?
A free check compares a property with the assessments around it and says plainly whether there is anything worth pursuing.
Check a propertyThe tribunal’s decision in full
Decision © Crown copyright, published by the Valuation Tribunal Service under the Open Government Licence v3.0 and reproduced unaltered. This site does not index the names of private individuals that appear in decisions. Information, not advice.