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Richard Nice



I am a Partner based in the City office with over 25 years’ experience and lead the offices rating team across the business. I specialise in providing strategic rating advice to occupiers and landlords in the City of London, Docklands and other London markets, as well as coordinating national portfolios.

In addition, I lead the firm’s approach to empty rates strategies, advising owners, developers and occupiers in mitigating empty rates liability. This includes advice on de-rating in the light of the “Monk” case, temporary reliefs and legal empty rates schemes.

I focus predominantly on the financial sector with numerous banking and insurance occupier clients including JPMorgan, Bank of England, Schroders, Swiss Re, Credit Suisse, Close Brothers, Rabobank, AJG, Barings, Nomura and SocGen.

I also advise blue chip occupiers across a range of other sectors such as BP, Whitbread, Shell, Hogan Lovells, City of London Corporation, Turner & Townsend, Kaplan and BLM Law.



  • JPMorgan Chase Bank – Ensured optimal cost savings secured during phased consolidation and relocation from six City office buildings into a 1 million sq ft European HQ in Canary Wharf. I identified and actioned all opportunities for discretionary and mandatory relief, as well as valuation appeals during refurbishment works, leading to substantial refunds.
  • Schroders – Advised throughout consolidation from four City offices into a single, new 320,000 sq ft corporate HQ in London Wall.
  • Société Genéralé – Advising during phased relocation from three City offices into a 260,000 sq ft new development in Canary Wharf.
  • Empty Rates mitigation – I work with many owners and developers to mitigate empty rate liability during all stages of a development, from pre-development void, through redevelopment deletion and delayed liability on completion. Where appropriate, I initiate legal, reliable strategies including temporary occupations and genuine charitable uses to mitigate costs. My knowledge and experience of the de-rating processes and law ensures buildings are taken out of rates; our advice assisting in early planning and phasing of the works to end liability at the earliest possible opportunity. Proactive advice and communication with billing authorities ensures redeveloped buildings are not brought back into assessment sooner than necessary.

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