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Rome Reports

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Vatican sells scandal-ridden London property for 222 million dollars


One less headache for the Vatican, at least for the president of the Administration of the Patrimony of the Apostolic See, Nuncio Galantino, who was charged with sorting the scandal of the purchase and sale of a property at 60 Sloan Avenue in Chelsea, downtown London.

The building is at the center of a Vatican trial in which Cardinal Angelo Becciu, among others, is accused of defrauding the Holy See during the acquisition process, with millions paid in commissions and even blackmail directed to brokers to return the property to the Vatican.

After receiving 16 bids last year, it was finally sold to Bain Capital for 222 million dollars. In a statement, Vatican has clarified that the losses incurred from the sale were charged to the Secretariat of State, and did not touch Peter's Pence—a fund of donations by the faithful for the pope's causes.