Discover Your Perfect Industrial Space to Let Now

Are you on the hunt for the perfect industrial letting in Milton Keynes? Louch Shacklock & Partners are at your service, ready to navigate you through Milton Keynes’ dynamic and growing industrial property market. 

This could be the catalyst your business needs to surge in growth and achieve new heights of success.

Customised Industrial Lettings for Diverse Business Needs

At Louch Shacklock & Partners, our portfolio is rich with a variety of industrial spaces, meticulously selected to cater to the diverse requirements of sectors such as manufacturing, logistics, and distribution. Whether you’re in need of a vast warehouse or a contemporary industrial unit, we have options to fit businesses of all sizes and specifications.

Our knowledgeable team is deeply acquainted with the Milton Keynes property market and dedicated to making your search for the perfect industrial space as seamless and efficient as possible. We recognise the crucial importance of location, which is why our properties are strategically located in prime spots across Milton Keynes, providing you with direct access to major roadways and transport links.

Your Strategic Business Base

Strategically nestled between London and Birmingham, Milton Keynes presents an unparalleled opportunity for businesses to establish a strong foothold in the UK. Its central position, combined with outstanding transport links and a thriving economy, makes Milton Keynes an ideal setting for industry growth.

Opting for an industrial letting in Milton Keynes not only assures superb connectivity but also grants access to a skilled workforce, a dynamic business ecosystem, and a supportive business environment. Whether your goal is expansion, relocation, or starting afresh, Milton Keynes is brimming with opportunities for your business to flourish.

Take the First Step Towards Business Growth in Milton Keynes

With Louch Shacklock & Partners by your side, finding the perfect industrial space to let in Milton Keynes is not just a possibility, it’s a promise. We’re dedicated to partnering with you to ensure your business not only finds its ideal space but thrives in Milton Keynes’ prime business landscape.

Get in touch today by using the contact form online, or call us on 01908 224 760, and we’ll work hard to get you results. Just take the first step now towards unlocking the letting potential of your business in Milton Keynes.

Browse Prime Industrial Properties For Sale In Milton Keynes

Are you searching for prime industrial properties for sale in the vibrant and bustling area of Milton Keynes? At Louch Shacklock & Partners, we understand the significance of finding the perfect industrial space to facilitate your business operations. With an array of opportunities emerging in the general Milton Keynes area, investing in industrial property here can be a game-changer for your business growth and success.

Nestled strategically between London and Birmingham, Milton Keynes boasts a central location with excellent transport links. This makes it an ideal hub for businesses looking to establish themselves in the heart of England. With its strong economy, dynamic business environment, and robust infrastructure, Milton Keynes offers a favourable setting for various industries to thrive.

At Louch Shacklock & Partners, we pride ourselves on offering a diverse portfolio of industrial properties tailored to meet the unique needs of our clients. Whether you’re in manufacturing, logistics, or distribution, we have the perfect property to cater to your specific requirements. From spacious warehouses to state-of-the-art industrial units, our listings encompass a wide range of options to suit businesses of all sizes and scales.

Our team of expert agents possesses in-depth knowledge of the local market and can guide you through every step of the purchasing process, ensuring a seamless and hassle-free experience. We understand the importance of location when it comes to industrial properties, and our listings are strategically situated in key areas of Milton Keynes with easy access to major motorways and transportation networks.

Investing in industrial property in Milton Keynes not only offers excellent connectivity but also provides access to a skilled workforce, vibrant business community, and a supportive regulatory environment. Whether you’re looking to expand your operations, relocate your business, or invest in a lucrative commercial asset, Milton Keynes presents a myriad of opportunities waiting to be explored.

So if you’re in the market for industrial property for sale in the general Milton Keynes area, Louch Shacklock & Partners is your trusted partner for finding the perfect investment opportunity. 

Get in touch today by using the contact form online, or call us on 01908 224 760, and we’ll work hard to get you results. Just take the first step now towards unlocking the potential of your business in Milton Keynes.

Business Rates review…will you pay more?

The Valuation Office Agency (VOA) is undertaking a re-assessment of the rateable value of all business properties, which is due to come into effect from 1 April 2017.

The VOA generally reassesses all rateable values in England and Wales every five years (although the last revaluation was in 2010), based on open market rental values on a valuation date two years prior. The next revaluation will be based on rental values on 1st April 2015. Taking into account changes in the property market, the basis of the upcoming revaluation is to maintain fairness in the rating system by redistributing the total amount payable in business rates; it is not intended to raise extra revenue overall.

Valuation OfficeIMPORTANT: The VOA will not be sending out printed draft valuations for this revaluation. Draft rateable values will be published online on 30 September, and failure to check these details may result in occupiers paying the incorrect amount of rates.

Given the volatility of market rents and differing regional performances from 2008 to 2015, some ratepayers will see a significant change to their liability for rates, so it is important to check your draft valuation.

Changes to Appeal System
Government is also introducing changes to the business rates appeals system in April 2017, full details of which should be published shortly. These changes are designed to avoid unnecessary or unjustified appeals, particularly those submitted by professional representatives on a ‘blanket’ basis, and will include provisions for the ratepayer to pay fees and potentially to incur penalties.

It is proposed that the new system will consist of three stages: Check, Challenge, Appeal.

The check stage will ensure that relevant facts are validated by the ratepayer (or their professional representative) and agreed as far as possible. If necessary, the rating list will be corrected to reflect the facts. It’s proposed the case has been ‘in check’ for up to 12 months (can be extended by agreement) in order to allow a ratepayer to move to challenge stage.  Ratepayers may proceed to challenge stage once the check stage has been completed, and it is proposed that a challenge must be submitted within 4 months of the completion of check stage.

Challenging your rateable value 

It will be necessary to set out the reasons for the challenge, and put forward an alternative valuation that’s backed up by supporting evidence. It will not be sufficient to simply state that the assessment is not correct. Where a challenge does not present sufficient grounds, substantive reasons and an alternative evidence-backed valuation for a challenge, the VOA will not accept it.

“It is essential that ratepayers are fully aware of what information is being put forward on their behalf by any professional representatives they engage, and to make full disclosure of all relevant evidence at the beginning of the process”

There may then be an opportunity for further discussion between the parties, but it should not be assumed that new evidence, arguments or amendments to the challenge will automatically be accepted.

It is also proposed that there will be a trigger point for the challenge stage, so that ratepayers have the right to move from challenge to appeal after 18 months, regardless of whether the VOA has completed its consideration of the case. 

The appeal stage makes it possible to appeal to the independent Valuation Tribunal for England (VT). An appeal can be made within 4 months of a decision notice (if one was issued) and within 4 months of the conclusion of the challenge stage if no decision notice was issued. The VT will consider whether the VOA has made the correct decision on the challenge, based on the evidence put forward and exchanged at the challenge stage.

If the VT disagrees with the VOA’s decision, it may conclude that the ratepayer’s proposed rating list entry is correct, or alternatively it may substitute its own. The VOA is likely to introduce fees for appeals, in line with the approach proposed for other tribunals such as the Tax Chamber. It’s thought that fee levels could be flat rate, or could be linked to rateable value. IN the event of a successful appeal, ratepayers would receive a refund.

Civil penalties for false information

In line with other tax systems, expect the introduction of civil penalties for the provision of false information by ratepayers or professional representatives during check or challenge, whether provided knowingly, recklessly or carelessly. Again, penalties could be flat rate or could be linked to rateable value.

The New Universal Business Rate

Government is expected to announce the UBR multipliers for 2017/18 between December 2016 and January 2017. In the current 2015/16 year the UBR in England is 49.3p/£ and 48.0p/£ for small properties.

It is considered likely that the aggregate rateable value is likely to fall on the 2017 revaluation, leading to an increase in the UBR. It has been predicted that the 2017/18 UBR for standard hereditaments of 51.2p/£ to 53.3p/£, so, even where rental values have remained static, the effect of the increased UBR means many ratepayers will be paying more. Clearly, in locations were values have risen, the combination of increased rateable values and the UBR will result in a significant increase in the amount of rates payable.

Transitional Phasing

On the introduction of the previous revaluations, Government adopted a system of transitional phasing. It seeks to cap the annual increase (or decrease) in ratepayers’ liabilities if, as a result of the revaluation, the increase (or decrease) in the amount of rates payable is disproportionately large. Whilst it is expected that a similar system for transition will be implemented in 2017, government is not expected to announce details until January 2017.

Rates Review DLReview of the Non-Domestic Rating System:

The government’s much anticipated high-level strategic review of the rating system should be in the public domain by 31 December 2016. The terms of reference and discussion paper is available here for download.

Action Points for Ratepayers:

Start planning now for the 2017 revaluation, and provisioning for changing rates liabilities.

Detailed property or portfolio data should be assembled ready for checking the new draft rateable values from 30 September 2016.

Stand by for upcoming announcements on the detail of the new appeals system, the 2017/18 UBR and the future system of transitional phasing.

If in any doubt, always seek professional advice.

David Louch – Partner
Tel: 01908 224760

Hat-Trick of warehouse unit lets at Crownhill Business Park Milton Keynes

Louch Shacklock and Partners has let three warehouse units at Vincent Avenue, Crownhill Business Centre, Milton Keynes on behalf of the estate owner.

The 10,761 sq ft space at 4 Vincent Avenue has been let to Funrise International, and will become the company’s UK headquarters, showroom and distribution centre. Funrise is a subsidiary of Hong Kong corporation Matrix Holdings, which owns the popular Tonka and My Little Pony toy brands.

This deal completes a series of three successful lets for Louch Shacklock at this business park location. With it’s parent company in Taiwan, Computer hardware company Nexcom has taken a new lease on 10 Vincent Avenue (5,924 sq ft). Similar to Funrise, the premises will operate as its UK headquarters.

City Sprint has now leased 22 Vincent Avenue (7,890 sq ft) for its new Milton Keynes branch, boosting its extensive same day courier network, which is currently one of the largest in the UK.

Following these recent successes at Crownhill, Louch Shacklock is now marketing 8 Vincent Avenue. The property is currently undergoing refurbishment and provides a gross internal floor area of 8,575 sq ft/797 m2 including first floor offices of 1,622 sq ft/151 m2.

Crownhill Business Park

Crownhill Business Centre is an estate of 13 warehouse/production units, each with integral fully-fitted office accommodation. The units are of modern steel-framed construction finished with good quality materials including brick elevations, double-height fully glazed reception areas and generous brick paved car parking areas. There is also a spacious service yard for shared use by all of the occupiers.

Strong logistics in an attractive working environment (managed by commercial property management experts WREAM) add to the appeal of this location. Located 1.5 miles from the A5 intersection with H5 Portway, at the gateway to Central Milton Keynes and the railway station, the units present extremely well in comparison with many production/warehouse units. As a result, they have been especially popular with occupiers who are seeking to present a professional customer-facing image.
Unit 8 Vincent Avenue is available for viewing now.

For further information contact:

Jonathan Whittle
Louch Shacklock and Partners LLP
Tel: 01908 224763


Exceptional Grade A Office Space at Kents Hill Business Park, Milton Keynes

Louch Shacklock & Partners has been appointed as letting agents by Circle Property Management, the owner of Kents Hill Business Park in Milton Keynes.

Following its £11 million acquisition of the site earlier this year, Circle is now investing a further £4 million on transforming two buildings at the prestigious site into premier Grade A office locations.  The refurbishment project of 70,000 square feet of office space is well underway, and will place Kents Hill firmly on the map as offering the best office space available in Milton Keynes.

The current re-development of the two buildings, branded as K1 and K2, will create office space with superb facilities including a double-height reception area, metal profiled suspended ceilings throughout, energy efficient LED lighting, and a new VRF air-conditioning system. In addition to excellent on-site parking, both buildings will also benefit from newly landscaped entrances and impressive internal courtyards.

Kents Hill Business Park will offer occupiers the perfect work-life balance, as tenants will also have access to unique and well-established facilities on the site including an international training and conference centre, hotel accommodation with 330 bedrooms, a top-quality food plaza, and a health and fitness complex. Louch Shacklock is offering space from 5,000 – 41,000 sq ft, and we can report a very high level of early interest. Terms have already been agreed to lease 50% of the ground floor space to a single occupier for its UK headquarters.

Located at the heart of the UK midway between London and the Midlands, Kents Hill Business Park in Milton Keynes is strategically located for rapid access to regional and national road and rail networks. Accessed directly from the H8 Standing Way dual-carriageway, and is within a short drive of both Junctions 13 and 14 of the M1.

Kents Hill Business Park Milton Keynes

For further information, please contact:

Jonathan Whittle or Robert Shacklock
Louch Shacklock and Partners LLP
Tel: 01908 224760


Dedicated Kents Hill Business Park website with brochure:

Bond Estate – Office & Warehouse Premises in Milton Keynes

Louch Shacklock and Partners has been appointed as joint letting agent for a 21 acre office and warehouse park known as Bond Estate in Bond Avenue, Mount Farm, Milton Keynes MK1 1JJ.

Originally developed during the 1970’s and 1980’s , the Bond Estate offers a range of available premises suitable for office, industrial and warehouse occupiers. It is located within the Mount Farm employment area, just a few minute’s drive from Bletchley town centre, Stadium:MK, Ikea, Asda and MK1 shopping facilities.Louch Shacklock is marketing vacant office space in four buildings:

North HouseAerial-from-JW_opt2
1,716-4,980 ft2 (159-463 m2)

South House
3,078 ft2 (286 m2)

Mount House
260-1,008 ft2 (24-94 m2)

Hastings House
551-1,078 ft2 (51-100 m2)

The specification of the offices includes air-conditioning, raised floors, shared reception areas and an excellent level of car parking provision. The offices are available to let on competitive terms, and on short or long term leases to suit occupiers’ requirements. Existing tenants include McCue Corporation, Shanks Waste Management, Miller Heiman, Formula Fast Go-Karting and Reedbut Ltd.

In addition to the offices, Louch Shacklock is also marketing a detached light industrial/warehouse unit of 14,100 ft2 (1,310 m2). The industrial/warehouse space has a minimum internal clear eaves height of 8.0m, two surface level loading doors, 3-phase electricity supply, warehouse lighting and heating.

Jonathan Whittle of Louch Shacklock commented: “Bond Estate is in a superb location next to the A5, MK Dons football stadium and Bletchley, and the amount of car parking available is among of the best in Milton Keynes!”

For further information contact: Jonathan Whittle at Louch Shacklock
Tel: 01908 224763 or Email:

Louch Shacklock has moved!

We are very pleased to announce our upcoming expansion into larger, freehold premises at The Barn, Warren Park – just a stone’s throw from our existing office.

Up until a few years ago, some of you may remember it as the home of Mullino’s Italian restaurant. However The Barn was originally part of the 18th Century Warren Farm, which together with its collection of farm buildings remains one of the most complete examples in the locality. Following its purchase by Louch Shacklock, the Grade 2 listed Barn will be reconfigured and sympathetically refurbished as our new offices.

Once our conversion is complete, The Barn will provide 2,500 square feet of character office space, including spiral staircases to two new mezzanine floors that make full use of a mainly double-height interior.

One feature we are all looking forward to enjoying is the large, elevated terrace to the rear of the property. The terrace overlooks the former farmstead lakes, and will hopefully provide space for a peaceful interlude or two – as well as a great area for entertaining! We plan to make full use of this for our opening party, which is booked for 12 September – so save the date!


Global Software Company moves to Bank House Office Space, in Milton Keynes

Louch Shacklock & Partners has successfully completed the letting of 13,870 sq ft of office space at Bank House, Central Milton Keynes.

Built in 1988, Bank House is a prominent office building at the corner of Midsummer Boulevard and Upper Second Street, Central Milton Keynes, featuring 45,000 sq ft over three floors. The ground floor had been completely refurbished by the landlord Hermes Real Estate, including a new air-conditioning system, suspended ceilings, lighting and full redecoration.

The refurbished office space will be home to Xero UK Ltd, the UK subsidiary of an accountancy software company with global head offices in New Zealand. Xero had established a presence in Milton Keynes within a serviced office centre, but successful growth of the business in the UK and Europe has prompted the move to new office premises at Bank House.

bank house milton keynes

As another global company brings further investment and jobs into the Milton Keynes economy, Jonathan Whittle of Louch Shacklock said: “We are very pleased to complete the letting of the Bank House office space. We faced strong competition, but the quality of the offices and their location on Midsummer Boulevard were key factors in attracting Xero. This is great news for Milton Keynes”.

Louch Shacklock has now been instructed to market 15,670 sq ft of first floor offices at Bank House. A comprehensive refurbishment programme will commence over the next few months, and is expected to be completed in early 2015.

For further information contact: Jonathan Whittle at Louch Shacklock Tel: 01908 224763

Supporting Action4Youth and the Caldecotte Xperience Milton Keynes

Louch Shacklock and Partners have been able to support Action4Youth by the provision of pro-bono professional services in connection with the Caldecotte Xperience operated from the George Amey Centre at Caldecotte, Milton Keynes.

caldecote Xperience Action4Youth

Action4Youth is a Charity and the leading coordinating body for voluntary organisations that work with children and young people in Buckinghamshire and Milton Keynes. It aims to build strong and sustainable networks that enable children and young people to achieve their full potential through safe, enjoyable and challenging activities.

The Caldecotte Xperience offers a variety of exciting adventure activities and learning experiences for young people and adults, from 8 to 80 raging from abseiling to windsurfing.

Reductions in statutory funding are having a significant effect on the voluntary sector and especially individual youth clubs. More and more people are now taking voluntary roles within those organisations, as funding is withdrawn. Action4Youth continues to deliver great youth work and as a result the number of young people able to benefit from its activities has continued to increase.


A Successful Business Rate Appeal in Milton Keynes!

Acting on behalf of the owner of a substantial warehouse building in Milton Keynes, Louch Shacklock and Partners have successfully completed an appeal against the rating assessment in the 2010 Rating List. A 30% reduction in Rateable Value was negotiated which will produce a saving in terms of rates payable over the life of the 2010 Rating List of over £670,000.

David Louch, who was responsible for the appeal commend that rating appeals of this nature are highly technical requiring expert knowledge of rating law and valuation, together with detailed knowledge of the local property market in which the premises are situated.

Background to Business Rates in England

Business Rates is the commonly used name of non-domestic rates, a tax on the occupation of non-domestic property. Rates are a property tax with ancient roots that was formerly used to fund local services that was formalised with the Poor Laws of 1572 and 1601. The Local Government Finance Act 1988 introduced business rates in England and Wales from 1990, repealing its immediate predecessor, the General Rate Act 1967. The act also introduced business rates in Scotland, but as an amendment to the existing system which had evolved separately to that in the rest of Great Britain. Since the establishment in 1997 of the Welsh Assembly Government able to pass secondary legislation, the English and Welsh systems have diverged.

The Local Government Finance Act 1988 (as amended) provided an administrative framework for assessing and billing, but did not redefine the legal unit of property, the hereditament, that had been developed through rating case law. Properties are assessed in a Rating List with a Rateable Value, a valuation of their annual rental value on a fixed valuation date using assumptions defined by statute. Rating lists are created and maintained by the Valuation Office Agency, a UK Government Executive Agency. Rating lists can be altered either to reflect changes in properties, or as valuations are appealed against. Since 1990 new rating lists are normally created every five years, however, the 2015 revaluation has been postponed until 2017. Revaluation does not raise extra money for Government but is a means by which changes in property values geographically and between use sectors are fairly reflected in individual ratepayers’ liabilities.

Billing and collection is the responsibility of the local authorities who are funded by the tax, but rather than receipts being retained directly, they are pooled centrally and then are redistributed. The rateable value is multiplied by a centrally set fraction (the Universal Business Rate or UBR) to produce the annual bill which is indexed to retail prices. There are a number of reliefs are available, such as those for charities, agricultural properties and small businesses.

Rateable Value is an estimate of the annual rent that would be paid for the property at a fixed date two years prior to the beginning of the list, known as the Antecedent Valuation Date (”AVD”), incorporating certain assumptions laid down in the legislation. Economic conditions are considered at the Antecedent Valuation Date, and physical properties are considered on the Material Day (the day on which matters affecting the physical state of the property are taken into account – e.g. when an extension to a property is completed). The valuation assumes that a year to year (that is, ongoing) lease is being agreed, where the tenant pays all repairs and insurance, and that the property “is in a state of reasonable repair”.

The current 2010 Rating List came into force on 1 April 2010 with an Antecedent Valuation Date of April 2008. A successful appeal on an assessment in the 2010 List, if based on valuation/economic grounds, will be backdated to the commencement of the valuation list.

Whilst the 2010 revaluation will not increase the amount of rates collected nationally, within this overall picture, over a million properties will saw their business rate liabilities reduced and some ratepayers experienced significant increases.

For those that would otherwise see significant increases in their rates liability, the Government has put in place a transitional relief scheme to limit and phase in changes in rate bills as a result of the 2010 revaluation.  To pay for the limits on increases in bills, there also limits to the reductions in bills.  Under the transition scheme, limits continue to apply to yearly real (after inflation) increases and decreases until the full amount is due (Rateable Value times the UBR).  The scheme applies only to the bills based on a property at the time of the revaluation.  If there are any changes to the property after 1 April 2010, transitional arrangements will not normally apply to the part of a bill that relates to any increase in Rateable Value due to those changes.  Changes to billed liabilities as a result of other reasons (such as because of changes to the amount of small business rate relief) are not covered by the transitional arrangements.

Calculating transitional adjustment is quite complicated but the basic limits to any real increase or decrease is shown in the tables below. A small property is a property with a 2010 Rateable Value below £18,000 (£25,500 within Greater London). All other properties are large properties.



The application of transition may have the effect of negating, or delaying the benefit of a successful Rateable Value appeal.

The Bases on which Valuations are Undertaken

The 2010 List is the fifth modern revaluation and the Valuation Office Agency (“VO”) has streamlined its computer programmes to enable bulk valuations and appeals to be administered. Similar properties (generally defined in terms of location, use age and size) have been aggregated into ‘Valuation Schemes’ with co-ordinated approaches to valuation.

All occupiers of commercial properties are legally obliged to complete a Rent Return notice which is issued by the VO. These returns require disclosure of the commercial terms and rent payable for any leased property. The VO’s analysis of this data enables basic prices to be calculated for each Valuation Scheme with a menu of adjustments for such factors as eaves height, sprinklers, return frontages (for retail property), air conditioning (for offices) etc. Accommodation within a single building (or hereditament) having differing characteristics is often valued as a percentage of the basic price or the main price rate to produce an aggregate ‘in terms of main space’ (ITMS), e.g. for an industrial building the office accommodation would be assessed at, say, 125% of the basic industrial price.

The VO has a rolling process for the inspection and referencing of all commercial property to determine physical factors such as areas, eaves heights and specifications. Properties are commonly reinspected when subject to an appeal or if there have been alterations. The areas and physical characteristics of many properties are often not subject to challenge on appeal having been agreed (as a matter of fact) following appeals made in earlier valuation lists.

The application of the valuation scale, adjustments, ITMS relativities and property reference data is computerised by the VO to produce the majority of the Rateable Values in the list for so called bulk properties, although specialist hereditaments, e.g. power stations, harbours and some hotels, are assessed individually.

The Appeal Processes

All ratepayers (and their agents) are entitled to challenge their 2010 Rating List assessments on one or more of certain specified grounds, most commonly that the Rateable Value specified as at 1 April 2010 is inaccurate, but are required to state the basis upon which the appeal (or ‘proposal’) has been made. The VO has a duty to maintain an accurate valuation list and will register bone-fide appeals.  The VO has refused to register some appeals, notably in cases where the rent payable for the hereditament is significantly in excess of the Rateable Value.

The VO has strict procedures for dealing with appeals according to is system of programming whereby appellants are in effect given a set period in which negotiations may be undertaken (otherwise known as the ‘target date’). Programmes often comprise groups of the same type of cases. It is often difficult to accelerate consideration of individual appeals outside this process, save in the case of manifest hardship, and the time period for completing an appeal will be over months, if not years.

The vast majority of appeals are settled by negotiation with the VO on the simple process of completing an Agreement Form. Many appellants simply withdraw their proposals at this stage.

In the event that it is not possible to reach an agreement with the VO, the case is referred to the Valuation Tribunal (“VT”) which is an independent appeals tribunal, funded by Parliament to handle council tax and rating appeals in England. It provides a free service with local hearings and the members who hear appeals are volunteers. It has no power to make awards on costs. All appeals which have been placed in a programme by the VO will normally be listed by the VT for a hearing after the target date has been reached. It is the intention of the VT, wherever possible, to arrange for the first hearing of an appeal within 12 weeks of the programmed target date. Appellants are required to deliver to the VT a Statement of Case not later than 6 weeks prior to the hearing date as otherwise the appeal is struck-off. There is a limited basis for hearing dates to be postponed.

An appellant and the VO may within four weeks of the publication of the VT’s decision appeal further to the The Upper Tribunal, Lands Tribunal (“LT”). Appeals to the LT are relatively rare and generally involve disputes on technical issue rather than valuation per-se.