The HIV and sexual health charity the Terrence Higgins Trust is hoping to raise £1.6m from the sale of a building in west London.
Paul Ward, deputy chief executive of the Terrence Higgins Trust, told Third Sector that the charity had decided to sell Lighthouse West London in Ladbroke Grove, which used to be run as a hospice, but has more recently been a day centre, to help fund other areas of its work.
Ward said that the charity had owned the building since 2000, but had decided to sell the property after reductions in local authority and NHS funding for HIV support services, and following a drop in the number of people needing the services offered at the centre.
He said that fewer than 100 people were using the services, and that the building, which houses other charities, was only being used at a fraction of its capacity.
Two members of staff would be made redundant as a result of the sale, but they might be redeployed within the charity. Ward added that the HIV services offered in the building would be made available elsewhere locally.
The building is listed as a community asset, which under the terms of the Localism Act gives people in the community six months to raise the money to buy it, said Ward.
The charity has had financial difficulties in recent years and has made more than 100 staff redundant over the past four years. It currently has a workforce of about 300.
Ward said the charity received no government money for its national HIV support services, but added that overall income and expenditure had been maintained over the past four years.
"We can’t justify keeping a lot of money locked up in a building when there are other services we need to fund that have a lot more people using them," he said. "It’s regrettable that we’re having to sell the London Lighthouse but our obligation has to be that every penny we raise has the maximum impact for our beneficiaries."