Statement to Ham & High about sale of former property
11 January 2018
Below is our full statement to the Ham & High about our sale of a former building of ours in Abbey Road.
"The site was sold on 21 March 2016 having been empty for three years as it wasn’t fit for purpose for modern day healthcare. The team moved to Woodfield Road. All the profits from the sale were ploughed back into healthcare.
"As a general rule affordable housing is on CNWL’s radar but in this case the site was suitable only for town houses.
"Going forward we want to do more than just sell property. Through our new estates vehicle we hope to be able to develop offices and clinics perhaps with housing on top of them. At the moment we only have the option to sell or not to sell – we’re looking for flexibility."
The paper's story is on this link: https://www.hamhigh.co.uk/news/sale-of-blenheim-terrace-nhs-site-blasted-by-new-economics-foundation-report-1-5350815