Whole Foods Market, Kensington

Business Rates

DWD are instructed by Whole Foods Market to manage their business rates affairs

During the 14-month construction period for the supermarket we achieved a 100% exemption from the Royal Borough of Kensington & Chelsea.  Using technical arguments regarding the fact that elements within the building envelope (albeit not in our client’s demise) were listed, we were able to achieve a listed building exemption from empty rates.  This replaced the 3-month exemption the local authority initially granted and tried to defend.

In addition, we achieved a reduction of 15% from the Compiled List value in anticipation of the Westfield White City development.  The opening of the shopping centre further impacted retail values in Kensington and we managed to extend the original 15% reduction to 25% on appeal.

During discussions of 2005 List appeals, we also managed to pre-negotiate a 12% reduction in the 2010 List rateable value.  Our work on this property resulted in significant savings for the client.

DWD continues to provide advice for Whole Foods in respect of 2010 and 2017 List business rates matters.

Please contact Alan Vickery for further information.


WholeFoods - Property Tax

Project Overview

DWD are instructed by Whole Foods Market to manage their business rates affairs

During the 14-month construction period for the supermarket we achieved a 100% exemption from the Royal Borough of Kensington & Chelsea.  Using technical arguments regarding the fact that elements within the building envelope (albeit not in our client’s demise) were listed, we were able to achieve a listed building exemption from empty rates.  This replaced the 3-month exemption the local authority initially granted and tried to defend.

In addition, we achieved a reduction of 15% from the Compiled List value in anticipation of the Westfield White City development.  The opening of the shopping centre further impacted retail values in Kensington and we managed to extend the original 15% reduction to 25% on appeal.

During discussions of 2005 List appeals, we also managed to pre-negotiate a 12% reduction in the 2010 List rateable value.  Our work on this property resulted in significant savings for the client.

DWD continues to provide advice for Whole Foods in respect of 2010 and 2017 List business rates matters.

Please contact Alan Vickery for further information.


Contact

Alan Vickery

020 7489 4831

alan.vickery@dwdllp.com