44th Floor, 8 Bishopsgate, EC2N 4BQ
Offices and premises Decided 20 November 2024 VT00022960 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 argued that the completion date of 8 June 2024 in the completion notices did not allow sufficient time to fit out 16 floors of office space, contending that real-world logistical constraints (loading bay and lift capacity, coordination with occupied floors, delivery restrictions) meant the floors could not be fitted out simultaneously and should not be assessed in isolation. The tribunal found that such logistical constraints were preparatory matters required before work commencement, not incidental matters that prolong the period once work has begun. Each floor should be treated as a separate hereditament; assuming works started on 19 June 2023 (practical completion), 16-20 weeks was a reasonable fitting-out period, making 8 June 2024 correct.
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
- Building works or disturbance nearby
- Evidence
- Expert report, Photographs, Measurement survey
- Cases cited
- London Merchant Securities plc v Islington LBC; Porter v Gladman; Hermes Property Unit Trust v Roberts; 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
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.