Sunday, February 11, 2007

York Minster to sell assets

York Minster to sell assets

YORK Minster is planning to sell a number of properties in the city - but the money raised won't help the cathedral's £23 million restoration appeal. The proceeds will be invested in other assets to bring a better return on investments, said a spokeswoman.

Posted by bearback @ 09:19 AM (462 views)
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One thought on “York Minster to sell assets

  • dohousescrashinthewoods says:

    That’s pretty astute. Keep the portfolio in good shape to fund the minster.
    It’s interesting they feel property isn’t a good return on investment. I wonder who is advising them?
    Perhaps they would also be willing to impart this advice to BTL landlords?
    Is “in the next 12 months” soon enough?

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