Suite 2507 Level 25 The Shard 31, St Thomas Street, SE1 9RY
Serviced offices Decided 1 April 2025 CHG101088915 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 suites on levels 24 and 25 of The Shard, arguing for a price of £500/m² instead of the £550/m² base used, and contending that a tower uplift was inappropriate for 17 south-facing suites without river views. The tribunal accepted the valuation officer's rental analysis based on Acenden principles, finding the base price of £550/m² was reasonable and the tower uplift was justified as the south-facing suites still benefited from views across London. However, the tribunal allowed the appellant's claim for a 5% material change of circumstances allowance from 1 April 2017 to 31 January 2022 due to demolition and reconstruction works, except for two suites that had already received this allowance.
Summary generated from the decision text and checked against it. The appellant was The Office Group Holdings Ltd, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Change of circumstances · decisive
- Effective date
- Change of circumstances
- demolition and reconstruction of adjacent building
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Bunyan (VO) v Acenden Limited; Specialeyes Plc v Felgate (VO)
- Hearing
- 5 March 2025
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