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Sunday 9th November 2014
The former Granada Cinema in Hoe Street, Walthamstow has been sold to a company that plans to reinstate the building as a mixed entertainment venue.
The sale follows an unsolicited approach to the UCKG HelpCentre Property Acquisitions Department earlier this year. Contracts were exchanged on November 3.
“This amounts to a pragmatic solution that should satisfy all concerned,” said Paul Hill, the UCKG HelpCentre’s property acquisitions manager. “When the buyer approached us the property was not on the market. However we gave the offer due consideration – as we have done with all unsolicited offers we received over the years – and the Trustees decided to go ahead as it would free us to pursue other routes to establishing a HelpCentre somewhere in Walthamstow.”
Key to the sale was that the buyer valued the Grade II listed property and was willing to give a fair price. The company is ready to deliver the precise mixed entertainment usage that the council and local activists have long sought, but most importantly there will be no need for public funding of any sort.
“Clearly this makes sense all round,” added Paul Hill. “We remain totally committed to opening a HelpCentre in Walthamstow, in response to demand from people in the area who value the support we give.
“Without the responsibility and cost of maintaining the former cinema at the level that prevents further deterioration, as we have done ever since buying it in early 2003, we are freed up and hopeful of finding another suitable building in the area.”
It is understood the buyer is in the process of finalising their plans and will make a public announcement in the weeks to come.
Notes to editors
UCKG is a Christian church and registered charity that offers a range of practical support activities alongside spiritual support and comfort. It reached the UK in 1995 and has gone from strength to strength, providing support and spreading the Christian faith.
For further information please contact the UCKG HelpCentre Press Officer via e-mail on email@example.com or direct line 020 7686 6033.