New user? Register here:
Email Address:
Retype Password:
First Name:
Last Name:
Existing user? Login here:
News >

Rents stay low as Hill estates sold

THE Church Commissioners have agreed the £70-million sale of the freeholds of residential properties in the Octavia Hill Estates, they confirmed this week.

The 455 homes and 16 shops are in the Stoke Newington, Maida Vale, and Waterloo districts of London.

The Commissioners’ chief surveyor, Paul Clark, said on Monday: “We informed tenants of our proposals in February, and have now written to them again to let them know that a sale has been agreed. The sale does not affect the conditions of their tenancies.”

A Church House spokesman said on Monday that the terms on which tenants held their properties would remain, but that any policy on rental increases would rest with the new company. The properties have been taken over by the Genesis Housing Group, and will be managed by Pathmeads Housing Association, a registered social landlord.

The managing director of Pathmeads, Tom McGregor, said on Monday that his company had no intention of reviewing rent levels. It had become involved with tenants only in the past three months, and was committed to social housing. “That was one of the intentions of the Church Commissioners: to hand over to a housing association.”

Mr Clark said that the Commissioners had explained to the tenants why the sale was taking place. “Unlike the new owners, we are not a focused housing provider. We have a wider investment portfolio, and have a duty to deliver the best possible returns on our investments to help fund the work of the Church across the country.”
The properties account for about one third of the Octavia Hill Estates, which are mainly in central and south London.



Job of the week

Chaplain - Development

West Midlands

VACANCY ADVERTISEMENT CHAPLAIN - DEVELOPMENT 18.75 HOURS PER WEEK The Pastoral Care Team at The Myton Hospices is committed to the provision of spiritual care across the organisation and deliveri...  Read More

Signup for job alerts
Top feature

The lighter side of fund-raising

The lighter side of fund-raising

Maggie Durran reviews entries to a competition to find the best fund-raising ideas  Read More

Question of the week
Would you like to see religious ads at the cinema?

To prevent multiple voting, we now ask readers to be logged in. This is free, quick and easy, honestly. Click here to login or register

Top comment

Questions to weigh before bombing

Just-war theory can guide MPs in these decisions, says Paul Vallely  Subscribe to read more

Sun 29 Nov 15 @ 15:35
Patrick Sookhdeo resigns from Barnabas Fund after arrest

Sun 29 Nov 15 @ 15:08
Osborne's U-turn a "victory for families", Christian charities claim