Lambeth Loves: The Cinema Museum (bid)
Dec 7, 2017 — The Department of Health gave South London and Maudsley Hospital Trust (SLaM) permission to sell to The Cinema Museum off market at an agreed valuation - but the hospital are still going to sell on the open market. Bid deadline was yesterday. The Museum has put in a competitive bid, based on the universally accepted way of valuing property (the Red Book Valuation) the legal point is that as a charity we and our social housing partners are not allowed to pay more than that. The Department of Health have suggested that we make the ‘value case’ for The Cinema Museum - which they have also said SLaM can take into account (SLaM do not have to sell to the highest bidder). If SLaM sell on a ‘for financial profit’ only basis the trustees fear for the future of the workhouse that Chaplin lived in, our Museum, our collections and most importantly our wellbeing and education work.
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