Property News · February 25, 2016

Poverty charity may have lost £3m by selling flats below market value


Glasspool Trust, which sold dozens of flats in Walthamstow to developers without telling tenants, may face investigation over secret dealAn anti-poverty charity that sold dozens of flats to a property developer without telling tenants, causing a number of evictions, potentially lost £3m in the deal by apparently disposing of the homes for below-market prices.The Glasspool Trust, a charity set up to help poor families, faces possible investigation by the charity commission for the way it sold the 63 homes in Walthamstow, north-east London, in a secret deal late last year. Continue reading…

Source : theguardian.com
Read more…Poverty charity may have lost £3m by selling flats below market value

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