In the face of criticism from public figures, the National Trust for Scotland has defended its property investment portfolio.
The National Trust for Scotland (NTS) has defended the choice of acquisition for its return to the
property investment market.
Politicians and union officials have described the NTS' decision to purchase two Yorkshire warehouses for £5 million as a "disturbing" use of funds, according to the Scotsman.
Scottish Conservatives culture spokesman Ted Brocklebank said it was "bizarre" that the NTS should choose to invest south of the border.
However, NTS chief executive Kate Mavor has told the publication that as a charity, it is actions like this that allow the group to continue to provide free access to open spaces and historical sites across the country.
She said: "Commercial property is one of a number of categories of asset that we invest in to support the running costs of our properties.
"It is a good source of income generation and is currently achieving around a nine per cent return for us."
Research from Tritax recently claimed that property investment groups may have "missed the boat", as the market is beginning to stagnate and capital growth has almost slowed to a halt.
Posted by Allan Flowers.
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