Tribunals · City of London Corporation · 2017 rating list

PT 1ST FLR, 100 LIVERPOOL STREET, EC2M 2AT

Offices and premises Decided 26 March 2025 CHG101061700 Knight Frank - Bjorn Bowles

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.
Original RV—
Ratepayer sought—
VO conceded first—
Tribunal decided—

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 14 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellant sought allowances for material changes of circumstances arising from adjacent building works at 1-2 Broadgate and 1-14 Liverpool Street, claiming 10%, 5%, 5% and 2.5% allowances depending on proximity, plus 2.5% for loss of amenity at Broadgate Circle. The tribunal found the allowances already granted by the VO were reasonable, dismissing the appeals. The works causing most disruption (demolition) had occurred before the material date of 13 January 2023; the BREEAM outstanding rating would shield the building from external noise and dust; and the evidence of reduced rents predated the material date and was too far removed. No additional allowance for loss of amenity was warranted as the impact on the public space was not comparable to other cases relied upon.

Summary generated from the decision text and checked against it. The appellant was British Land T/A Storey, represented.

Grounds argued

  • Change of circumstances
  • Quantum or end allowance
Change of circumstances
building works - demolition and construction at adjacent sites 1-2 Broadgate and 1-14 Liverpool Street; loss of amenity at Broadgate Circle
Evidence
Photographs, Trading accounts, Expert report
Cases cited
Gardiner & Theobald LLP v David Jackson (VO) [2018] UKUT 0253 (LC); 4th Floor Veritas House, 125 Finsbury Pavement (CHG100327665); 3rd Floor, 23rd-33rd Floors and 21st Floor at The Broadgate Tower, 20 Primrose Street (503025240348/053N10, 503025240338/053N10, 503025993578/538N10)
Hearing
3 March 2025

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