Trust for London regrets to announce that Resource for London in Islington, an office and meeting space for charities, will close in July 2025.
Following the pandemic, a dedicated working group closely examined the sustainability of the Centre on Holloway Road. The building is currently under-occupied and extensive refurbishment is needed to improve and upgrade it to meet modern workspace and environmental performance standards.
Due to the age and nature of the building and the costs of refurbishment and maintenance, the Centre has been judged to be unsustainable.
The working group looked carefully at a broad variety of options to secure the future of the building. Sale to a party with the resources and will to upgrade the building appropriately was identified as the right and responsible next step. The proceeds from the sale will be reinvested by Trust for London in charities and social enterprises in London.
The building has been sold to Tri Capital Corporation Ltd.
Trust for London, Resource for London and the Ethical Property Company are working together to support tenants with their relocation over the coming year. The Centre will continue to operate as usual until it closes in July 2025.