How National Trust is sitting on £1 billion fortune as it raises tenants’ rents by up to 10,000 per cent
‘The National Trust is sitting on investments worth more than £1 billion while pleading for donations and raising rents for tenants by up to 10,000 per cent, The Mail on Sunday can reveal.
Despite the conservation charity’s vast financial reserves, it is running a series of multi-million-pound appeals to raise funds for restoration projects.
The astonishing portfolio of investments in commodities, bonds, hedge funds and property is guarded by half a dozen leading fund managers.
Revelations about the charity’s enormous investment pool come after it told hundreds of leasehold tenants they faced ground rent increases of up to 10,000 per cent. One 87-year-old was told his rent would leap from £148 to £15,000 a year.
The rent row is the latest in a series of controversies that have hit the 122-year guardian of Britain’s heritage. Earlier this month, it was forced into an embarrassing U-turn after banning volunteers from meeting the public if they refused to wear gay pride rainbow badges.’
Read more: How National Trust is sitting on £1 billion fortune as it raises tenants’ rents by up to 10,000 per cent
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