Challenge International Banking client occupying 900,000 sq ft in EC2 required assistance in the negotiation of their Rateable Values.
Solution JLL led negotiations with the Valuation Officer for this location and ensured that their client's particular circumstances were represented in negotiating allowances for size (quantum).
Results The outcome of these negotiations, along with agreeing further property specific allowances, enabled us to secure reductions of over 35%, saving the client in excess of £20million.
Challenge A major pharmaceutical client required negotiation services to reduce overheads on their 700,000 sq ft headquarters.
Solution We acted as lead negotiator in discussions with the Valuation Officer for this location resulting in a 30% reduction in their rating assessment.
Results The outcome of these negotiations enabled us to save the client in excess of £16 million.
Committed to reducing your business rates to the absolute minimum
Since 2005 we have delivered significant savings across our client base, of more than £2 billion. This experience is spread across a range of portfolio sizes for over 500 clients, looking after some of the most complex assessments in rating, including five of the ten largest rating assessments in the UK.
We have 30 specialists based in eight locations across the UK who leverage off our market leading agency, lease advisory and research teams. Our technical rating expertise delivers innovative, practical and reliable rating advice to deliver the lowest possible rates liability for our clients.
A 35% reduction in Rateable Value in The City of London
Rating appeals save client £16 million
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We are a dedicated and highly experienced Rating team of 30, based in offices throughout the UK. We work with occupiers, investors and developers across the private and public sectors delivering the lowest possible rates liability for businesses.