CRT property in­vest­ments get the all-clear

Canal Boat - - News -

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.

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