Suite 2412 Level 24 The Shard 31, St Thomas Street, SE1 9RY
Serviced offices Decided 1 April 2025 CHG101088931 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 sought a 5% reduction based on rental evidence analysis at £500/m2 tone and removal of the tower uplift from south-facing suites. The tribunal found the original £550/m2 tone reasonable and rejected the tower uplift argument, but accepted the valuation officer's concession of a 5% material change of circumstances allowance for 1 April 2017 to 31 January 2022 (except for two suites already benefited). The tribunal was guided by Acenden principles on rent devaluation and found the appellant's analysis unreliable with significant variations.
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
- Change of circumstances
- demolition and reconstruction of Fielden House
- Evidence
- Rents, Expert report
- Cases cited
- Lotus and Delta v Culverwell; Bunyan (VO) v Acenden Limited; Specialeyes Plc v Felgate
- Hearing
- 5 March 2025
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