Adjacent Building Works Reduces Office Value

Background 

Our client, Apple Europe Ltd, occupy offices in Cambridge.  We were asked to review the business rates assessment.

Challenge

The survey data and underlying assessment were reasonable.  We therefore needed a different approach.

DWD Service

Chris Baker, a member of the DWD Business Rates Team, lodged appeals to argue that the redevelopment of an adjacent building had an adverse impact on the value of the building occupied for the duration of the works.

Outcome

We succeeded in arguing that the basis of valuation should be reduced by 10% on all of the floors occupied by Apple, saving our client a significant amount in liability terms.