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DTZ’s expertise in reducing the business rates liability on Simmons and Simmons’ City of London HQ on the 2005 Rating List.
Overview
DTZ was appointed by Simmons & Simmons to provide rating advice on its 216,000 sq ft headquarters space at City Point in London.
This building provides a striking focal point for business, located in the heart of London's financial community.
What DTZ did
Following extensive research and negotiations with the Valuation Officer, an agreement was secured by DTZ to reduce the rateable value from £7,000,000 to £4,800,000.
Results
DTZ estimates savings to the client to be in the region of £4,000,000 for the period of the 2005 Rating List.