New user? Register here:
Email Address:
Password:
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

Online Vicar

London and Home Counties

SOUL SEARCH ONLINE VICAR 20 hours a week working from home, pay is £20,000 Are you passionate about evangelism? Does digital media excite you as a means to connect with people to share the goo...  Read More

Signup for job alerts
Top feature

Archbishop who was driven out of office

Holding fast in troubled waters

William Sancroft, born 400 years ago this month, was Archbishop of Canterbury in turbulent times; his period in office included incarceration in the Tower of London. John Tiller tells his story  Subscribe to read more

Top comment

Improving the future by disturbing the present

Interim minsters do much more than hold the fort: they can implement lasting change, say Helen Gheorghiu Gould and Peter Hill  Subscribe to read more

Mon 23 Jan 17 @ 11:08
@AlElGreen Sorry to hear that, Alexandra. If you email subs(at) https://t.co/83KBPqoMBv they will be able to help & post back copies

Mon 23 Jan 17 @ 9:59
RT @AP_DavisonA piece I wrote for @ChurchTimes, published last Friday on the day of President Trump's inauguration. https://t.co/yCbutrh2Vq