Money from mammon boosts CofE

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Money from mammon boosts CofE

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The UK property boom has provided a welcome windfall for the Church of England, whose investment portfolio’s value increased to 9.2 billion euros in 2014.

This is more than 1.4 billion better than before the financial crisis.

The CofE has diversified into private credit, and increased forestry and timber investments. It is now the country’s largest private forester. Returns on investments stands at 14.4%

It is a far cry from the black year of 2008 and a series of near-biblical losses when it had to raise the clergy’s retirement age.

Property accounts for 2.7 billion euros of church holdings.