JAHS Posted May 28, 2023 Posted May 28, 2023 Mormon Church buys Wembley Amazon warehouse for £74 million via charitable company The Mormon Church’s investment arm has bought a 186,455 sq ft Amazon warehouse in Wembley for £74 million. The property, bought from UK Commercial Property REIT (UKCM), will become part of the Church of Jesus Christ and the Latter Day Saints’ investment portfolio, which was valued at $44.8 billion at the end of 2022. The property, Wembley180, was bought by Covent Garden IP, which is registered as a charitable company with a goal “to promote and further the religious and other charitable work of The Church of Jesus Christ of Latter-day Saints in the United Kingdom”. “CG does this by investing in and holding commercial property for the benefit of the Church,” the organization says. ------------------- Wonder what they are going to do with this big one? Never heard of "Covent Garden IP".
Pyreaux Posted May 28, 2023 Posted May 28, 2023 24 minutes ago, Calm said: Crisis response hub for Europe? So, investment real estate can double as personal storage?
Calm Posted May 28, 2023 Posted May 28, 2023 (edited) 3 hours ago, Pyreaux said: So, investment real estate can double as personal storage? Isn’t that what our homes usually are? It does sound from the article it will be commercial use though. I wasn’t really paying attention. Edited May 28, 2023 by Calm
MustardSeed Posted May 28, 2023 Posted May 28, 2023 16 hours ago, Calm said: Isn’t that what our homes usually are? Boom 😏
Rain Posted May 29, 2023 Posted May 29, 2023 Wow, that article really needs to be edited! And putting it under movies is really odd.
Calm Posted May 29, 2023 Posted May 29, 2023 Here’s the original: https://www.standard.co.uk/business/mormon-church-latter-day-saints-lds-buys-wembley-amazon-warehouse-ukcm-reit-property-b1083950.html
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