SUITE 2406 Level 24 The Shard 31, St Thomas Street, SE1 9RY
Decided 1 April 2025 CHG101088457 Avison Young (UK) Ltd
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 challenged the rateable values of 50 serviced office assessments on levels 24-25 of The Shard, seeking a reduction based on £500/m² and arguing that 17 south-facing suites should not be subject to the "Tower uplift" as they lacked Thames views. The tribunal found the base price of £550/m² was reasonable, accepting the valuation officer's approach to analysing rents in accordance with the Acenden decision and rejecting the appellant's argument on the Tower uplift due to insufficient evidence. The tribunal allowed most appeals in part, granting a 5% end allowance for material change of circumstances (demolition of Fielden House and reconstruction) from 1 April 2017 to 31 January 2022, but dismissed the appeals for Suites 2511 and 2512 which had already benefited from this allowance.
Summary generated from the decision text and checked against it. The appellant was The Office Group Holdings Ltd, represented.
Grounds argued
- Comparable assessments (tone)
- Change of circumstances
- Change of circumstances
- demolition and reconstruction
- Evidence
- Rents, Settled assessments, floor_area_measurement
- Cases cited
- Lotus and Delta v Culverwell; Bunyan v Acenden Limited; Specialeyes Plc v Felgate
- Hearing
- 5 March 2025
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