Mormon Church in Talks to Buy $129 Million London Office Building
The Church of Jesus Christ of Latter-day Saints is in exclusive negotiations to buy a City of London office building whose tenants include Lloyds Banking Group Plc, according to people with knowledge of the matter.
A subsidiary of the church, which has a multi-billion-dollar global property portfolio that encompasses malls, resorts and farmland, is close to completing a deal to buy the Alder Castle building at 10 Noble Street for about 100 million pounds ($129 million), said the people, asking not to be identified because the information is private. A fund managed by M&G Real Estate is selling the building, the people said.
https://www.bloomberg.com/news/articles/2019-04-29/mormon-church-said-in-talks-on-129-million-london-office-deal?srnd=markets-vp
http://www.aldercastle.com/new/surrounding.php
Within the Church, we love to talk about the Temples we build around the world. Seldom do we talk about the other real estate buildings we build. Below are some of the luxury condominiums towers that the Church has built in downtown Salt Lake City. These beautiful models are on display across the street from Temple Square near the newly remodeled Deseret Book Store.
99 WEST
THE REGENT
These condominiums are advertised as City Living at its FINEST. Interesting that the word FINE is used. If you search for the word FINE in the Book of Mormon you will find that adjective to describe the following:
- Fine sanctuaries
- Fine clothing
- Fine-twined Linen
- Fine apparel
- Fine silks
For example in 2 Nephi 28: 13 it states:
"They rob the poor because of their fine sanctuaries; they rob the poor because of their fine clothing; and they persecute the meek and the poor in heart, because in their pride they are puffed up."
And in Mormon 8: 36-37
"And I know that ye do walk in the pride of your hearts; and there are none save a few only who do not lift themselves up in the pride of their hearts, unto the wearing of very fine apparel, unto envying, and strifes, and malice, and persecutions, and all manner of iniquities; and your churches, yea, even every one, have become polluted because of the pride of your hearts."
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A few weeks ago the LDS Church released their
2018 LDS Charities Report. From the report you can estimate and divide out how much the Church has averaged giving to charity each year. It is approximately 64 million dollars. That it wonderful and I am glad the Church donates millions and millions of dollars to help the poor and the needy. However, that is less than half of what the Church plans to pay for the Alder Castle in London.
Compare the 64 million given to charity to the 2,000,000,000.00 dollars spent on City Creek Mall.
