The Church and its money (& property)

tliouk office at
Fri Jun 14 17:16:19 BST 2002

The Church and its money :

Friday June 14, 2002
The Guardian 

Equities - £2.7bn 
Diverse portfolio includes shares in GlaxoSmithKline (£163.7m), Royal 
Bank of Scotland (£80.1m), BP (£147.1m) plus over £40m in Barclays, 
Lloyds TSB, Shell and HSBC. Smaller amounts, less than £25m each, 
held in Tesco, Unilever, Reed International, Pizza Express, APO Time 
Warner, Emap and Cadbury Schweppes 
Commercial - £537m 
Portfolio includes shares in major shopping centres such as 
Gateshead's MetroCentre, the Whitgift in Croydon and Bluewater, Kent. 
The commissioners hold a 63% stake in Pollen estate - office and 
retail units in London's West End. They also own Millbank House and 
Ashdown House, London, and part of Buchanan Street, Glasgow 
Property - £1bn+ 
Residential portfolio: valued at £289.2m, mostly in the Octavia Hill 
and Hyde Park estates in London 
Agricultural property: includes more than 50,000 hectares (125,000 
acres) of farmland spread over 45 estates in England, involving major 
holdings at Bishop Auckland, Canterbury and Chester 
· Figures taken from the Church Commissioners' annual report, 2001 

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