17th Floor, 8 Bishopsgate, EC2N 4BQ
Offices and premises Decided 20 November 2024 VT00022949 CBRE - Ben Moore
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 16 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellant sought to extend the completion date for 16 office floors in a 50-storey building from 8 June 2024 to 19 July 2025, arguing that real-life logistical constraints on simultaneous fit-out of multiple floors should extend the reasonable period allowed. The tribunal held that under London Merchant Securities principles, such logistical constraints are preparatory matters to be disregarded when determining the time reasonably required for customary tenant fit-out works on each floor considered in isolation. Since both parties accepted that fit-out for each floor would take 16-20 weeks, the 11.5 months allowed by the completion notices was reasonable. The appeals were dismissed.
Summary generated from the decision text and checked against it. The appellant was MEC LONDON PROPERTY 2 (NOMINEE 1) LIMITED, represented.
Grounds argued
- Effective date
- Evidence
- Expert report, Measurement survey
- Cases cited
- London Merchant Securities plc v Islington LBC; Porter v Gladman; JLG Investments Ltd v Sandwell District Council; English Cities Fund v Standard Life; Newham LBC v Rad Phase 1 Type B Property Co No 1 Limited; Graylaw Investments Ltd v Ipswich BC; Delph Property Group Ltd v Alexander
- Hearing
- 21 October 2024
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