Lessons for Church of England | FT Alphaville

Lessons for Church of England

The Church of England has suffered a £40m loss on a disastrous investment in a New York apartment complex acquired by a consortium in 2006 for $5.4bn – the biggest single US residential property deal, reports The Times. A spokesman for the Church Commissioners said it had written off the entire value of its investment and added that the commissioners were “looking carefully” at lessons to be learnt from the transaction.