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Church property investments

Language: English Series: Financial Times ; 11 July 1992, 1,I&XIPublication details: 1992Subject(s): Summary: Nearly £500m has been wiped off the value of the Church of England`s property investments after heavy borrowing to fund speculative developments in Britain and the US just before the market plunged.

Nearly £500m has been wiped off the value of the Church of England`s property investments after heavy borrowing to fund speculative developments in Britain and the US just before the market plunged.