Tribunals · City of London Corporation · 2017 rating list

Hitachi Rail Europe Ltd, Hitachi Rail Europe Ltd, EC4M 7AW

Offices and premises Decided 20 July 2026 CHG101243804 Graham + Sibbald - Joe McCarthy/Colliers International - Oliver Dowty

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV£2,230,000£550/m²

Ratepayer sought£535

VO conceded first—

Tribunal decided£2,230,000£550/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 2 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellants, represented by Montagu Evans and others, argued that the price per m² of £550 was too high and should be reduced to £535 based on rental evidence from within 60 Ludgate Hill and comparable office assessments. The tribunal found that the rental evidence from within the building (ranging from £504 to £650 per m²) did not support a reduction, with two rents analysed below and two analysed above the adopted price of £550 per m². The tribunal therefore confirmed the original rateable values were not unreasonable.

Summary generated from the decision text and checked against it. The appellant was Commonwealth Bank of Australia, represented.