Tribunals · City of London Corporation · 2023 rating list

40th Floor, 8 Bishopsgate, EC2N 4BQ

Offices and premises Decided 20 November 2024 VT00022958 CBRE - Ben Moore

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.
Original RV—
Ratepayer sought—
VO conceded first—
Tribunal decided—from 8 Jun 2024

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 the completion date of 8 June 2024 was too soon, arguing that real-life logistical constraints on fitting out multiple floors simultaneously should extend the period to 19 July 2025. The tribunal found that such scheduling constraints were merely preparatory works before commencement of works on each individual floor, not incidental works that could prolong completion periods under Schedule 4A paragraph 9. The tribunal therefore dismissed the appeals, confirming that 8 June 2024 was a reasonable deemed completion date, being 11.5 months after practical completion on 19 June 2023, with fit-out taking 16-20 weeks per floor.

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
Cases cited
London Merchant Securities plc v Islington LBC [1987] 1 AC 303; JLG Investments Ltd v Sandwell District Council (1977) 20 RRC 61; English Cities Fund v Standard Life [2013] RA 215; Newham LBC v Rad Phase 1 Type B Property Co No 1 Limited [2020] RA 384; Delph Property Group Ltd v Alexander (VO) [2019] RA 233; Porter v Gladman [2011] UKLC 204; Hermes Property Unit Trust v Roberts (VO) [2021] UKUT 308(LC); Graylaw Investments Ltd v Ipswich BC [1979] RA 111
Hearing
21 October 2024

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