41st Floor, 8 Bishopsgate, EC2N 4BQ
Office floors in building Decided 20 November 2024 VT00022959 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 challenged completion notices for 16 floors in a multi-storey office building, seeking a completion date of 19 July 2025 rather than the 8 June 2024 stated in the notices. The appellant argued that real-world logistical constraints—including loading bay capacity, lift availability, and coordination of simultaneous fit-outs across multiple floors—meant that a reasonable period for completion should be 24-25 months from practical completion on 19 June 2023. The tribunal, applying London Merchant Securities v Islington LBC, held that these logistical constraints were preparatory works necessary before commencement of works on each individual floor, not incidental works that prolong completion once commenced. Since each floor should be considered separately and fit-out works to each floor would take 16-20 weeks, the completion date of 8 June 2024 (approximately 11.5 months after practical completion) was reasonable and 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 · decisive
- Evidence
- Expert report
- Cases cited
- London Merchant Securities plc v Islington LBC [1987] 1 AC 303; Porter v Gladman [2011] UKLC 204; Hermes Property Unit Trust v Roberts (VO) [2021] UKUT 308(LC); 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; Graylaw Investments Ltd v Ipswich BC [1979] RA 111; Delph Property Group Ltd v Alexander (VO) [2019] RA 233
- Hearing
- 21 October 2024
Similar decisions
- 5 TH FLR 1, BARTHOLOMEW LANE, EC2N 2AX — Dismissed, 10 Sept 2026
- Petronas Energy Trading Ltd, Petronas Energy Trading Ltd, EC4M 7AW — Dismissed, 20 Jul 2026
- Equistone Partners Europe Limited, PT 6TH FLR 60 Ludgate Hill, EC4M 7AW — Dismissed, 20 Jul 2026
- Ropes & Gray International Llp, 5th Floor South, EC4M 7AW — Dismissed, 20 Jul 2026
All decisions in City of London Corporation · Offices nationally
Is your own rateable value in line?
A free check compares a property with the assessments around it and says plainly whether there is anything worth pursuing.
Check a propertyThe tribunal’s decision in full
Decision © Crown copyright, published by the Valuation Tribunal Service under the Open Government Licence v3.0 and reproduced unaltered. This site does not index the names of private individuals that appear in decisions. Information, not advice.