Tribunals · City of London Corporation · 2023 rating list

45th Floor, 8 Bishopsgate, EC2N 4BQ

Offices and premises Decided 20 November 2024 VT00022961 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 sought a completion date of 19 July 2025 (25 months from practical completion) for 16 floors in a 50-storey tower, arguing that real-world logistical constraints on simultaneously fitting out multiple floors should extend the completion period. The tribunal found that such scheduling and logistical constraints were "merely preparatory works" rather than "incidental" works under the House of Lords test in London Merchant Securities. Treating each floor as a separate hereditament, the tribunal confirmed that 16-20 weeks was the reasonable time to fit out each floor, making the completion date of 8 June 2024 (11.5 months after practical completion on 19 June 2023) reasonable and correct.

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
Cases cited
London Merchant Securities plc v Islington LBC; Porter v Gladman; Hermes Property Unit Trust v Roberts (VO); 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 (VO)
Hearing
21 October 2024

Similar decisions

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 property

The tribunal’s decision in full

Download the PDF · Find it on valuationtribunal.gov.uk

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.