The Ski Club of Great Britain has completed the sale of the White House, its office premises in Wimbledon Village.
The premises have been sold to Caligula Limited, a property investment company. The Club has signed a two year lease-back agreement to remain at the White House, although it will be able to terminate the lease any time after 9 months if new suitable premises become available.
As we have reported previously the building needs considerable investment due to its age. It was last redeveloped in the 1980s and the Club's Council wish to focus resources on member services and benefits rather than large property projects. The Council were also concerned that the White House represented over 80% of the Club’s assets, and now they will invest the surplus in a more diverse range of assets.
Over the coming weeks the Club will look in the local area for its next home, and we will keep you updated.