The Church Commissioners have announced the sale of part of their estate in Waterloo. The move follows a review of the Commissionersâ€™ residential property portfolio.
Benson House in Hatfields
Paul Clark, Chief Surveyor of the Church Commissioners, said: "We believe our proposed way forward will both contribute towards our mission to support the Church's ministry and be a good outcome for our tenants. Unlike the Commissioners, the new owners are focused housing providers and so are likely to be in a position to invest in the properties for the long term.
"The Church Commissioners have a wider investment portfolio and our duty is to deliver the best possible returns on our investments to help fund the work of the Church across the country. This duty sometimes involves making changes to our portfolio such as this.
"We are currently speaking to a shortlist of three specialist housing providers, all of whom are Registered Social Landlords. Nothing has been finalised, and we do not yet know who the new owners will be."
In 2001 tenants, who held held a candle-lit vigil outside Lambeth Palace, expressed concern about families' adult children being unable to live in the area if market rents are introduced when properties fall vacant.