Tribunals · London Borough of Southwark · 2017 rating list

Suite 2513 Level 25 The Shard 31, St Thomas Street, SE1 9RY

Serviced office suites Decided 1 April 2025 CHG101088400 Avison Young (UK) Ltd

OutcomeAllowed in partThe tribunal reduced the rateable value, but by less than the ratepayer sought.

Original RV£8,800

Ratepayer sought—

VO conceded first—

Tribunal decided£8,300from 1 Apr 2017

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 50 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellant sought a reduction in the rateable values of 50 serviced office suites on Levels 24 and 25 of The Shard, arguing for a lower price per square metre (£500/m² instead of £550/m²) and removal of the 'Tower uplift' for suites without Thames views. The appellant also claimed a 5% end allowance for material change of circumstances (demolition of adjacent Fielden House and reconstruction) from 1 April 2017 to 31 January 2022. The tribunal accepted that the valuations should be reduced by 5% for this period (48 appeals allowed-in-part, except Suites 2511 and 2512 which had already benefited from the allowance and were dismissed). The tribunal rejected the appellant's challenges to the base price of £550/m² and the Tower uplift, finding the valuation officer's approach consistent with the Acenden case principles on rent analysis and that the suites had not been shown to be disadvantaged by their location.", <parameter name="cases_cited">["Lotus and Delta v Culverwell", "Bunyan v Acenden Limited", "Specialeyes Plc v Felgate"]

Summary generated from the decision text and checked against it. The appellant was The Office Group Holdings Ltd, represented.