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Vatican’s London Luxury Developer, With Ties to Alleged Financial Crime, Offered to Raze Catholic Property

Developers acting for the Vatican Secretariat of State offered to raze a London parish hall and rectory and replace it with low-cost housing, in order to try to push through a luxury apartment development. The luxury development project involves two recently suspended Vatican employees, and a nest of Vatican-controlled holding companies led by an architect linked to accusations of money laundering and fraud involving Vatican accounts.

In a June 2016 proposal submitted to local authorities in the Borough of Kensington and Chelsea, a developer seeking permission to develop luxury apartments at 60 Sloane Ave offered London’s St. Pius X parish hall and rectory as a location for building the low-income housing required by law to offset the luxury development.

The inclusion of the parish property in the planning application was facilitated by officials at the Vatican Secretariat of State, who visited the parish and worked with the local Archdiocese of Westminster to secure the cooperation of the parish pastor.

Read more at Catholic News Agency