CRT property investments get the all-clear
FOR THE SECOND time, the Canal & River Trust’s commercial investment strategy has been given the seal of approval by the expert appointed jointly with the Government.
As part of the 2012 agreement to establish CRT, around half a billion pounds worth of commercial property investments built up under the former nationalised British Waterways were transferred to the new charity. This was subject to oversight by an unpaid (other than expenses) ‘Protector’ appointed to ensure that they were managed wisely to avoid undue risks and provide a long-term income – currently of the order of £ 50m per year in rentals.
That Protector is Malcolm Naish, canal boater and professional property investment advisor. He confirmed that the Trust’s 2014-15 performance was “ahead of the market average and very significantly above inflation” with the property increasing in value by around ten percent, and that CRT was, therefore, complying with the agreement.