Friday, May 04, 2018

Woodlands and Master's House

Following a competitive bidding process, South London and Maudsley NHS Foundation Trust has completed on the sale of the Woodlands site on Dugard Way in Lambeth, including the Master’s House property.

The successful company, Anthology developers, were required to meet a number of key criteria as part of the sale process. Criteria included demonstrating their commitment to supporting the Cinema Museum Charity – the existing tenants of the site. Bidders were asked to demonstrate:

- Sensitivity - to the aims of the Cinema Museum, a willingness to work with them in developing a realistic and fair proposal that enables them to secure their future on the site

- Deliverability - including of credible, substantial and secure funding

- An offer of fair, market-tested value - to the NHS for the benefits of the local population.

Trust Chief Executive Dr Matthew Patrick said:

“The sale of the site to Anthology is a positive outcome which will support the sustainability of the local NHS by releasing investment for front line mental health services at a time when public sector finances are stretched. It also supports the future of the Cinema Museum and its important collection.”

“Throughout the sale process we have encouraged all bidders to engage in dialogue with the Cinema Museum in order to understand their concerns and needs in an authentic way. The successful company was not the highest bid monetary bid offered, but met our requirement to offer fair, market-tested value to the NHS, in addition to demonstrating a firm commitment towards preserving the Cinema Museum’s heritage.”

Adam Gaymer, Executive Director at Anthology said:

"Anthology is delighted to have acquired a fantastic site from South London and Maudsley NHS Foundation Trust, which is located on Dugard Way in the Borough of Lambeth. The 1.75-acre site is occupied by a number of existing buildings, one of which is Masters House, a Grade II Listed building, home to The Cinema Museum. We recognise that this space is highly regarded by the local community and we are keen to work with The Cinema Museum to ensure their long-term existence.

“Similar to The Cinema Museum’s belief of paying homage to history, legacy is also at the heart of Anthology’s ethos. It’s important that our developments blend within existing communities and the heritage always remains central to our projects. This is demonstrated across all our Anthology developments that we are creating in London.

“We look forward to working in partnership with the Board of Trustees of the Cinema Museum to ensure the successful development of Woodlands and The Master House site.”

Andrew Cox, Savills development director, who marketed the Woodlands site said:

“This is a premium site in a zone one location. We saw good interest from national housebuilders, international investors as well as London student and residential developers. Safeguarding the Cinema Museum was a top priority for our client and we are delighted that Anthology, the successful bidder, has already started a dialogue to this end.”

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