Thorne House at Langthorne Hospital, Waltham Forest

Team

Project Costs

In need of restoration and an effective re-use it was transferred to us by the original owner, the Waltham Forest Healthcare NHS Trust, for a nominal sum. We undertook the restoration of the building, sympathetically converted it into office accommodation, and leased it to the North East London Mental Health NHS Trust. The project was completed in 2000.

To help fund the capital costs of the project a commercial mortgage was secured from the Co-operative Bank plc, which was offset by the rental income we received once the building was leased out. The project also received grant aid from the London Borough of Waltham Forest, English Heritage, the Architectural Heritage Fund (AHF) and the Heritage of London Trust (HOLT), and a project development loan from AHF. We subsequently sold the property to help fund future projects.