St John’s Foundation launched its current strategy in February 2020. An integral part of this was to carry out an extensive review of all our property holdings. The review ultimately recommended that we should seek to sell several clusters of properties we hold across the city. In doing this we will be able to re-invest the funds in other classes of investment assets. This will help us achieve a more balanced mix of investments and therefore to generate the income we require to continue implementing our ambitious programme of charitable activities, as well as to maintain our financial health for future generations.
We commenced a programme of marketing selected properties for sale over a year ago and this process will continue. We are currently working with Carter Jonas in Bath to find appropriate purchaser(s) for three clusters of residential investment properties, at Beauford Square, South Parade and Lark Place. This offers prospective residential property investors the opportunity to acquire and become custodians of unique and beautiful buildings in the UNESCO World Heritage Site of Bath and we expect to attract early interest.