Levels 6 & 7 City Tower 40, Basinghall Street, EC2V 5DE
Offices and premises Decided 9 October 2025 CHG100909600 Knight Frank
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 6 properties together; the figures above are for this appeal's property (LEVELS 6 & 7, City Tower, Basinghall Street, London, EC2V 5DE). Every property is listed below.
The 6 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 |
|---|---|---|---|---|
| LEVEL 20, City Tower, Basinghall Street, London, EC2V 5DE | — | — | £244,000 | Allowed in part |
| PT LEVEL 6 (WEST), City Tower, Basinghall Street, London, EC2V 5DE | — | — | £149,000 | Allowed in part |
| GND & 1ST FLRS & SKYLIGHT, City Tower, Basinghall Street, London, EC2V 5DE | — | — | £840,000 | Allowed in part |
| GND & PT 1ST FLR & SKYLIGHT, City Tower, Basinghall Street, London, EC2V 5DE | — | — | £805,000 | Allowed in part |
| LEVEL 19, City Tower, Basinghall Street, London, EC2V 5DE | — | — | £248,000 | Allowed in part |
| LEVELS 6 & 7, City Tower, Basinghall Street, London, EC2V 5DEThis appeal | — | — | £497,500 | Allowed in part |
What was argued and what the tribunal found
The appellants challenged the 2017 Rating List RVs for six office properties at City Tower, Basinghall Street, London, based on the unadjusted base rate of £475 psm being unreasonable. The Tribunal found that the original RVs were unsustainable as a tone and out of line with comparable assessment evidence from recent office market settlements (£375-£465 psm). The Tribunal preferred the rental analysis accounting for break clause penalties but found rents required significant adjustment to the rateable value definition. The Tribunal determined an unadjusted base rate of £450 psm was reasonable, based on the basket of evidence including comparable assessments and rental evidence.
Summary generated from the decision text and checked against it. The appellant was St James's Place / Mewburn Ellis LLP / Salmon Limited / Porta Communications PLC, represented.
Grounds argued
- Comparable assessments (tone)
- Rental evidence
- Evidence
- Rents, Settled assessments
- Cases cited
- Gardiner & Theobald LLP v David Jackson (VO)
- Hearing
- 10 September 2025
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