Commonwealth Bank Of Australia, Commonwealth Bank Of Australia, EC4M 7AW
Offices and premises Decided 20 July 2026 CHG101079278 Montagu Evans
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 8 properties together; the figures above are for this appeal's property (1st and 2nd Flrs, 60 Ludgate Hill, London, EC4M 7AW). Every property is listed below.
The 8 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 |
|---|---|---|---|---|
| 1st and 2nd Flrs, 60 Ludgate Hill, London, EC4M 7AWThis appeal | £2,230,000 | — | £2,230,000 | Dismissed |
| 1st & (Exc North) Pt 2nd Flr, 60 Ludgate Hill, London, EC4M 7AW | £2,070,000 | — | £2,070,000 | Dismissed |
| Pt 6th Flr, 60 Ludgate Hill, London, EC4M 7AW | £407,500 | — | £407,500 | Dismissed |
| 9th Flr, 60 Ludgate Hill, London, EC4M 7AW | £675,000 | — | £675,000 | Dismissed |
| 4th Flr, 60 Ludgate Hill, London, EC4M 7AW | £1,130,000 | — | £1,130,000 | Dismissed |
| 3rd Flr, 60 Ludgate Hill, London, EC4M 7AW | £1,130,000 | — | £1,130,000 | Dismissed |
| 5th Flr, 60 Ludgate Hill, London, EC4M 7AW | £337,500 | — | £337,500 | Dismissed |
| 7th Flr, 60 Ludgate Hill, London, EC4M 7AW | £645,000 | — | £645,000 | Dismissed |
What was argued and what the tribunal found
The appellants (through their agents) challenged the adopted price of £550 per m2 on the basis that rental evidence and comparable assessments supported a lower price of £535 per m2. The tribunal reviewed rental evidence from within 60 Ludgate Hill and found that two rents analysed below £550 per m2 (£504 and £519) and two analysed above (£629 and £600), leading to the conclusion that £550 per m2 was not unreasonable. The appeals were dismissed and the entries confirmed.
Summary generated from the decision text and checked against it. The appellant was Commonwealth Bank of Australia, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell
- Hearing
- 26 June 2026
Similar decisions
- LUTRON (INC 101-106 FENCHURCH STREET), PT 4TH F 52-54, LEADENHALL STREET, EC3A 2BJ — Allowed in part, 25 Sept 2026
- 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
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.