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Church Commissioners to sell Waterloo flats

London SE1 website team

The Church Commissioners have announced the sale of part of their estate in Waterloo. The move follows a review of the Commissioners’ residential property portfolio.

Benson House
Benson House in Hatfields

The Waterloo properties are flats north of The Cut and include Cornwall Flats alongside the bus depot in Cornwall Road, Ospringe House and Croydon House in Wootton Street, Charing House in Windmill Walk and Tait House in Greet Street. Also included are the Benson House flats and shops 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.

Properties in Stoke Newington and Maida Vale are also to be sold. The Church Commisioners' flats and houses south of The Cut, in Mitre Road and Ufford Street, are unaffected by the plans.

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