Tribunals · City of London Corporation · 2023 rating list

39th Floor, 8 Bishopsgate, EC2N 4BQ

Offices and premises Decided 20 November 2024 VT00022957 CBRE - Ben Moore

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.
Original RV—
Ratepayer sought—
VO conceded first—
Tribunal decided—

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 contended that completion notices served on 16 floors specified a completion date of 8 June 2024 that was too early, having regard to real-world logistical constraints on fitting out multiple floors simultaneously within the building. The tribunal held that such constraints were merely preparatory matters to the commencement of works on each individual floor and not incidental to the works themselves, following the test in London Merchant Securities plc v Islington LBC. Therefore, each floor should be treated separately; since fit-out would take 16-20 weeks and the completion date was 11.5 months after practical completion, it 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 & MEC LONDON PROPERTY 2 (NOMINEE 2) 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; Graylaw Investments Ltd v Ipswich BC; Delph Property Group Ltd v Alexander (VO); English Cities Fund v Standard Life; Newham LBC v Rad Phase 1 Type B Property Co No 1 Limited; Hermes Property Unit Trust v Roberts (VO)
Hearing
21 October 2024

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