DWD have taken a leading role in negotiations and at Valuation Tribunal (VT) hearings on behalf of 6 clients with regards to Material Change of Circumstances (MCC) appeals in Watford.<\/p>\r\n\r\n\r\n\r\n
The MCC related to the impact on value of the extension and refurbishment of Intu Watford. \u00a0During the work there was significant disruption and a demonstrable drop in visitors to the town.<\/p>\r\n\r\n\r\n\r\n
Following our submissions, the VT accepted that the building works and trade disruption had an impact on value.\u00a0<\/p>\r\n\r\n\r\n\r\n
The Tribunal awarded a 7.5% reduction in rateable value across the whole of the existing Intu Watford Shopping Centre and large parts of the High Street.<\/p>\r\n\r\n\r\n\r\n