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Church sells estate despite peer concerns

Church sells estate despite peer concerns
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Church sells estate despite peer concerns

Finance | 1 Mar 2006

The Church of England has sold Octavia Hill Estates in London to a commercial property buyer despite strong lobbying and criticism from Liberal Democrat peer, Lord Dick Newby. Lord Newby maintained that the estates were built to provide good quality housing for those on modest means and that the sale would be ignoring the broader social mission of the Church.

He argued that the Church Commissioners had a responsibility to the community as well as to their bank balance. "This is a deeply depressing outcome for the future of social housing in London. The Church Commissioners have completely ignored the broader social mission of the Church and have been deaf to the views of tenants, the Diocese of Southwark and the many parliamentarians who have expressed a view on the matter."

A spokesperson from the Church Commission said in response that Lord Newby's fears were "groundless". He pointed out that the estate was not being used as social housing before it was sold to the commercial developer so the tenants were therefore unaffected by the changeover, and that the Church could not justify keeping the estates on as a long-term investment.

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