Stoll has completed the sale of the Sir Oswald Stoll Mansions site in Fulham, excluding the 400 block which Stoll will retain, to BlueCo, the Chelsea FC ownership group, on 11th April.
Stoll will now be able to offer every resident new accommodation, either in its new properties or in its existing sites, as part of its longstanding commitment to rehouse all of its residents. The charity also has plans to buy further properties, enabling it to provide supported housing to more veterans for generations to come, and enhance its support services for all veterans.
The Board of Trustees for Stoll, the leading provider of supported housing for veterans, has also announced that it is concluding Heads of Terms with St William Homes to purchase 128 affordable housing properties in a major new housing development at King’s Road Park in Fulham.
Stoll Chief Executive, Will Campbell-Wroe, says: “The completion of the sale marks a transformational moment for Stoll, and forms a central part of our long standing mission to house and support many more veterans to lead fulfilling, independent lives both now and in the future. We understand that any transition to a new home will be challenging for many of our residents, and we are committed to providing every resident with an enhanced programme of financial, wellbeing and rehousing support – as we have been throughout this process.
“The properties at King’s Road Park will provide a higher standard of living along with being more comfortable, sustainable and energy efficient.”
Will Campbell-Wroe continues: “For those residents who choose to move somewhere other than a Stoll property, we will provide them with 12 months of support, including helping them to find a new home. Those that move to another Stoll property will remain on the same tenancy they are on now and will continue to receive the same level of support that we have always provided. To be clear, no veteran at the Sir Oswald Stoll Mansions will be left without a home.
“We are also very grateful to Chelsea for its longstanding support for Stoll, through ongoing fundraising initiatives like its Big Stamford Bridge Sleep Out, and its support of the veterans throughout this process. We look forward to continuing to develop this positive partnership with the club.”
Jason Gannon, Chief Operating Officer at Chelsea FC, said: “We are delighted to increase our footprint at Stamford Bridge and take a significant step towards ensuring the long-term financial sustainability of the club.
“We appreciate the opportunity to work with the Stoll throughout a competitive tender process and we are pleased to help ensure those veterans that wish to remain inside the Borough of Hammersmith & Fulham will be able to do so. Our thanks go to both Stoll and the local council, whose leadership has been essential to the process.”
Hammersmith & Fulham Council Deputy Leader Ben Coleman said: “It has been my privilege to champion the vets who served our country and we are delighted no veteran will now be made homeless and the entire community can stay together in Fulham, where they belong and where we are proud to have them.”