The Estate of the Apostolic See provides a complete description of the Vatican’s domain in Italy amid recurrent scandals over the property of the papacy.
It is reported by AFP.
The list will be formed around the beginning of spring.
Responsible for the centralization of the Vatican’s assets, Bishop Nunzio Galantino complained that he was tired of “sensational” media stories about the wealth of the Vatican. He noted that the data according to which the majority of real estate in Rome belongs to the Catholic Church and the Vatican is false.
As noted, in Italy, the department manages the rent of 2.4 thousand apartments and 600 offices and shops.
At the same time, the real estate of the See in Paris (737 objects) is estimated at $ 722.1 million. And in London he has 27 properties with an area of about 4,600 square meters and a value of about $ 131.4 million.
In Switzerland, especially in Geneva and Lausanne, the Apostolic See has 140 facilities with an area of 16 thousand square meters and a value of more than 110 million dollars.
According to the publication, the history of investments in valuable assets began in 1929, when the Vatican was founded as an independent territory in agreement with Italy. According to this agreement, the churches paid compensation for real estate previously seized from the Papal State. Among the seized church assets was the huge Quirinale palace, which once housed 30 popes, and is now used as the residence of the Italian president.
According to Galantino, it was then that Pope Pius XI decided to use the money received to invest in property, including abroad, “to ensure the freedom and independence of the church.”
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