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Veterans’ housing association to sell part of site to Chelsea for football stadium redevelopment
A housing association for veterans is to sell part of a site neighbouring Stamford Bridge stadium to Chelsea Football Club.
Stoll provides around 250 supported homes for armed services veterans across four sites, including Stoll Mansions in Fulham, next to the Chelsea ground. As part of a reported £1bn redevelopment of the stadium, the wealthy London club has offered to buy part of Stoll’s Fulham site, currently home to 142 tenants.
The housing association would not reveal at this stage how much it had been offered for the site, but Inside Housing understands the deal is worth in the region of £50m.
Stoll intends to use the cash to demolish the 100-year-old estate in phases and replace it with new, denser social housing and communal facilities. It also hopes the money can fund delivery of another 300 units for vulnerable and disabled veterans elsewhere.
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The redevelopment of the Stoll Mansions site will result in the existing homes being replaced with 104 new flats.
However, the association intends to encourage enough existing residents to move into general needs social housing or other more mainstream offers through its transition support service, meaning none will be forced to move away. Its plans are subject to a formal consultation with residents, which began today.
Ed Tytherleigh, chief executive of Stoll, said: “This proposal would mean a step change in our ability to respond to the needs of homeless and vulnerable veterans across the country.
“We are delighted that our long-term neighbour, Chelsea Football Club, is prepared to support our work and help ensure thousands more vulnerable and disabled veterans will receive Stoll’s support to lead fulfilling independent lives when they leave the Armed Forces.”
A spokesperson for Chelsea FC said: “The club is pleased to be able to continue supporting our long-term neighbour, Stoll, and the much-needed services they provide to veterans across the country.
“We hope this agreement safeguards the charity and their residents today, tomorrow and for decades to come.”
Chelsea is expected to start hosting games at its new 60,000-seater stadium in the 2024/25 season.
