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The Crier

L24043a-T-TG Economic support on Business Rates

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What the buyer wrote

London Luton airport LLA pays non-domestic rates to Her Majesty’s Government based on a rateable value RV estimated by the Valuation Office Agency VOA. The VOA has indicated that LLA will be moved to a Receipts and Expenditure Basis R and E from the current Contractors Basis.LLA has a retained specialist real estate advisor who assisted with negotiations on the 2023 valuation, these advisors remain appointed and are engaged to work on the 2026 valuation to mitigate any increase. However, considering the potential increase in cost, LLA is also seeking an economic advisor to work alongside the retained advisor to minimise the impact of any potential increase in RV for the 2026 valuation.LLA is…

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Details

What the buyer calls it
L24043a-T-TG Economic support on Business Rates
How they are buying
Advertised, then negotiatedThe buyer talked terms with bidders rather than taking fixed offers.
Type
services
Where
in the East of England

Who the buyer named

Tanja Scheider was the named contact on this notice.

tanja.scheider@ltn.aero