The Royal Star & Garter’s home in Richmond, London, has been sold to London Square for £50m, subject to planning permission.
Designed by Sir Edwin Cooper, and overlooking Richmond Park and the River Thames, the Royal Star & Garter’s Richmond Home was established in 1916 under the auspices of Queen Mary to treat servicemen returning from the First World War
The 2.5 acre site includes the Ancaster House building, next to Richmond Park Gate. The whole estate covers 181,543 sq ft over eight storeys.
The charity offered the property for sale last year and plans to move its residents this summer to its new purpose-built care home in Surbiton.
London Square chief executive Adam Lawrence said: “The Star & Garter Home is a famous London landmark on the Thames at Richmond, distinguished for the work the Charity has undertaken for nearly a century and celebrated as a glorious architectural gem. We are thrilled to be selected to undertake the restoration and conversion of such an important building.”
Royal Star & Garter Homes chief executive Mike Barter said: “The Richmond Home was established on this site in 1916 and it has played a central role in our rich history ever since. Our residents have always come first, and this building can regrettably not be adapted any further to provide the facilities and quality of care which they deserve. The charity is in the process of investing £53m in three new purpose built care homes with state-of-the-art facilities: our first new home opened in 2008 in Solihull, West Midlands; our new Surbiton Home will be completed this summer; and we are planning to start constructing another new home in Buckinghamshire in the near future. The sale of our Richmond buildings will help the charity deliver its exciting plans for providing care for our brave ex-service men and women for very many years to come.”