We own properties which we use to support our charitable objectives.
We own over £380 million of residential, student, commercial and agricultural property. Our portfolio includes buildings that we use to help create better healthcare facilities, as well as investment properties – these generate returns to support our charitable programmes.
We manage all our properties strategically, and in a clear and transparent way. When we make decisions about buying or selling properties, we think carefully about how they will support our mission to improve local health either by contributing directly to the provision of healthcare or by bringing in crucial funding to support our charitable activity.
Most of our properties are around Guy's and St Thomas' hospitals, or elsewhere in Lambeth and Southwark, but we also own a few outside of our boroughs.
We use many of our properties to advance our mission in a direct way. These include properties in our portfolio which house healthcare facilities and offices for clinical and non-clinical staff. Many of these are in Lambeth and Southwark, in close proximity to sites of Guy’s and St Thomas’ NHS Foundation Trust. These properties achieve healthcare benefits which contribute directly to our charitable objectives. We manage them in a supportive manner, consistent with the original charitable purpose of our investment.
Our portfolio of investment properties has a mixture of commercial, agricultural, student and residential properties. They are managed by specialists on our behalf, to ensure that we maximise returns that help us fund our charitable activity. Our commercial property portfolio is managed by Lambert Smith Hampton, the agricultural portfolio by Savills. Meanwhile, our student portfolio is managed by Fresh Student Living Limited and our residential properties by Allsop Letting and Management Limited.
Increasingly, we see new property development projects as an opportunity to support our mission by placing health and wellbeing at the heart of new builds. We are working with our specialist advisors on exciting projects in Lambeth and Southwark, as well as on our agricultural portfolio, to ensure developments consider positive health impact in their design and execution.
We are preparing for the redevelopment of Royal Street – a large mixed-use site covering five acres (the equivalent of five football pitches) opposite St Thomas’ Hospital, near Westminster. The site is an opportunity to create a world-class scheme which will not only generate returns for our endowment, but also promote health and wellbeing through the built environment. We are working with Guy’s and St Thomas’ NHS Foundation Trust to ensure that the site also helps to meet the growing demand for healthcare.
Over the years, we have accumulated a significant agricultural holdings across the UK, some of which have potential for future development. We are exploring alternative uses for some of this land, including making space for new homes. We’re working with our specialist advisors to ensure that future uses promote our mission of health and wellbeing, and create sustainable communities and benefits for generations to come.