A real-estate investor friend sent me this. It doesn't look like it's online.

Clearly, the media hasn't gotten the memo about the name change!


Mormon Church Said in Talks on $129 Million London Office Deal

By Jack Sidders and Prashant Gopal

(Bloomberg) -- 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.

Spokesmen for Property Reserve Inc., a real estate
subsidiary of the church, and M&G Investments declined to
comment.

The church oversees an opaque empire of investments
designed to help fund its work. It says properties such as the
$2 billion City Creek Center mall developed by the church in
Salt Lake City are designed to help causes such as combating
urban blight. Investments such as the Alder Castle building,
which has long-term leases to corporate tenants, help provide
income to support the church’s other activities.

A subsidiary of the church’s AgReserves Inc. company
already owns substantial farmland in the U.K., according to
media reports. The Property Reserve spokesman declined to
comment on the extent of the church’s real estate investments in
London.



Edited 1 time(s). Last edit at 04/29/2019 05:38AM by levantlurker.

“...help provide income to support the church’s other activities.”

Ward activities? Welfare activities that amount to under $5 per global member? Recruitment of more slave labor? Bingo.

"The bidness of the church is bidness."

We believe in God, the Almighty Dollar, and in his Son, Real Estate, and in the Holy Stock Portfolio.

Link:

https://www.bloomberg.com/news/articles/2019-04-29/mormon-church-said-in-talks-on-129-million-london-office-deal

"help provide income to support the church's other activities". Hmmm...what activities, exactly? It certainly isn't to support missionaries because either the parents, or the missionaries themselves, or relatives cough up the money to support them on missions. It most certainly isn't going towards hiring janitors to clean bathrooms. It's not to pay for placement of flags for holidays, nor would it be for youth activities or road shows from long ago. No, IMO, the "other activities" would be lining the pockets of the GA's.

valkyriequeen Wrote:
-------------------------------------------------------
> Hmmm...what activities, exactly?

Legal settlements?

I'm trying to figure out what Jesus would be doing near the London Stock exchange and all those lovely banks. St. Paul's of course is nice.

I have been so mega blessed to have been given some super rose colored glasses by the beloved Correlation program so that I can see everything so crystal clear from the prospective of this sacred program's objectives. Thus whenever I hear any news story about my wondrous Church I'm immediately impressed to think the news story is the greatest proof ever that the Church is true. There couldn't possibly be any event in world history that could be more positive in proving that the Church is true.

I would write more but the following things keep me from doing so.

1. If I engage in any real discussions on this topic then I might start to do things that aren't strongly encouraged by the glorious Correlation program of our peculiar Church such as asking questions or allowing Doubts to be flirted with. No siree my focus is 100% Obey, Obey, and Obey.

2. I am woefully too busy anyway. For example, there are toilets to scrub at the local Ward meetinghouse because poor Heavenly Father doesn't have enough budget money to pay for janitors. Don't you realize that if Heavenly Father were to spend $12.90 per hour on janitorial labor at 10 hours per week per chapel (50 weeks per year) that it would cost about $129 million for Heavenly Father to keep 10,000 chapels worldwide clean for 2 years? Where can Heavenly Father possibly find $129 million for such an expenditure? Sure all this busy work is destroying our marriages and causing us to pump ourselves full of Prozac. But thanks to the beloved Correlation program we feel that its just fine :)

Maybe they're going to make the top floor into a temple?



Edited 1 time(s). Last edit at 04/30/2019 06:00AM by elderolddog.

England is a complete mess right now. Race riots, environmental protestors shutting everyone down, militant Islam, Brexit (i.e. leaving EU)... It looks like they are barely holding onto their Scottish and Northern Irish colonies thanks to political circumstances. Did I call them colonies? Whoops! Not allowed to call them that.

The English government is barely hanging on by a thread just now and the ruling party can barely be called a party since the leaders have no control over it.

I am at a loss as to how church members can keep forking over huge amounts of money when the church continues to engage in these sorts of business activities. And yet we've heard reports that the TBMs are proud of the church's wealth.

Yes... the prosperous gospel ministry... God looks down on the righteous with favorings of billion dollar malls and other lucrative realestate deals. Praise the Mormon Jeebsus... the Glory is all theirs!