Business Rates
The team is led by five partners supported by a team of Surveyors.
WHAT ARE BUSINESS RATES?
- A property tax payable by occupiers and vacant property owners.
- Roughly half the rental value.
CLIENTS
- Include: Mitsui Fudosan, The Property Trust (HK), Sony, Aviva Investors, The Premier League, Columbia Threadneedle, Mizuho Bank Ltd and Miller Insurance.
- We represent funds, high net worth individuals, property developers and property owners and occupiers
HOW CAN WE HELP?
If your property is:
- Under refurbishment or redevelopment.
- Not capable of occupation (e.g. asbestos / fire escape issues).
- Vacant - awaiting planning.
- Vacant - with excessive rates liability.
What we can do:
- Seek removal of your rates liability.
- Challenge historic liabilities - generation of a refund.
- Delay date rates liability re-starts.
- Mitigate your ongoing rates liability.
- Negotiate a correct lower rate.
Transactions
RATES LIABILITY REDUCTION
30 Old Bailey, EC4
- 190,000 sq ft offices
- £1.2m rates refunds to date; a further £1.25m refund anticipated
- Client: Mizuho Bank Ltd
Office
DELETION & ASBESTOS EXEMPTION
62-63 Threadneedle Street, EC2
- 50,000 sq ft offices Deletion and asbestos exemption secured during redevelopment of sub-basement – 3rd floor ex-bank assessment
- Client: BMO
Office
DELETION & ASBESTOS EXEMPTION
Trumpers Way, W6
- 193,000 sq ft industrial
- Deletion and asbestos exemptions secured during redevelopment
- Client: MHA
Office
DELETION
2-8 Bloomsbury Street, WC1
- 40,000 sq ft offices
- Deletion of the original office and retail plaza
- Client: Aviva
Office
DELAYED COMPLETION NOTICES
60 Moorgate, EC2
- 20,000 sq ft offices
- Acted on the deletion of the original building prior to redevelopment, and the List re-entry
- Client: HK Private Individual
Office
DELAYED COMPLETION NOTICES
Arnold, Great Eastern Street, EC2
- 70,000 sq ft office
- Acted on the deletion of the original building prior to redevelopment, and the List re-entry
- Client: The Property Trust
Office
Key Contacts
Business Rates
