The Wellcome Trust charity - which currently owns 2,000 flats in Kensington and Chelsea - has announced its intention to acquire more properties in those areas, in the expectation that they will prove a worthwhile investment in the longer term. The charity expects that these properties will offer “further attractive opportunities for our patient, long-term capital.”
As Anne Ashworth, Property and Personal Finance Editor of The Times points out: "This statement reflects the sense among millions of Britons that a bet on property will pay dividends, sooner or later."
Top of any canny investor's wish list should be a London mews property. These homes - in some of the capital's most exclusive areas - have proved enduringly popular with portfolio property owners and private buyers alike.
The adept managers of the charity’s funds say they may acquire more such homes, because Brexit could produce “further attractive opportunities for our patient, long-term capital”.