12th-24th Flrs 5 Bank Street, E14 4BG
Offices and premises Decided 1 December 2025 CHG101303588 BNP Real Estate
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 10 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellant sought reduction of the unadjusted base rate from £390 per m² to £350 per m² for office space across multiple floors at 5 Bank Street, London. The tribunal found comparable evidence from within the same building (lower floors at 1 Bank Street with £350 per m² assessments) and other nearby buildings, and determined that an unadjusted base rate of £350 per m² was fair and reasonable, allowing the appeal in part.
Summary generated from the decision text and checked against it. The appellant was European Bank of Reconstruction and Development, represented.
Grounds argued
- Comparable assessments (tone) · decisive
- Valuation method
- Evidence
- tone_of_list_comparables, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Simpsons Malt Ltd v Jones; Denton v TH White Ltd
- Hearing
- 4 November 2025
Similar decisions
- 81 Mile End Road, E1 4TT — Dismissed, 26 Sept 2025
- Grnd Flr And Pt 1st Flr At 429, Westferry Road, E14 3AL — Dismissed, 21 Jul 2025
- 6 TH FLR, COMMODITY QUAY, E1W 1AZ — Dismissed, 17 Apr 2025
- 3RD FLR THE STEWARD BUILDING, 12, STEWARD STREET, E1 6FQ — Dismissed, 19 Dec 2024
All decisions in London Borough of Tower Hamlets · Offices nationally
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