Andrew Brown, secretary and chief executive of the Church Commissioners
, said: "Like all investors we were faced in 2017 with a number of headwinds and we've seen it with sterling, we've seen it with inflation and global markets have slowed.
also voted against a proposed PS11m back payment to Mr Ashley's brother, IT director John Ashley, which was controversial among investors.
According to the Church Commissioners
latest financial report, figures show a total return on its investments in 2016 of 17.
A spokesman for the Anglican Diocese said: "The proposed closure of the church of St Paul's Stoneycroft, and subsequent lease and sale to the Egyptian Coptic church, has been properly consulted upon within the diocese, and the process is now in the hands of Church Commissioners
The church commissioners
hold a 10% stake in a GBP600m bond issued in 2013 to raise funds to aid the separation of Williams & Glyn (W&G) from the taxpayer-backed lender.
Reedswood Retail Park in Walsall has been bought by the BP Pension Fund from the Church Commissioners
2011 North Thornaby St Luke (Diocese of York) The Church Commissioners
have prepared a draft scheme providing for the sale and/ or lease of the closed church building of North Thornaby St Luke for Christian worship and/or community use and for purposes ancillary thereto.
UPM has today executed a transaction to sell all of its forest land in the UK to The Church Commissioners
He said he was powerless to force Church Commissioners
to dump the controversial investment.
But on Sunday in an interview with The Sunday Telegraph newspaper, Welby said he had been unable to force the church's investment arm, the Church Commissioners
, to exit the investment.
The old St Matthew's Church, which stands opposite Rugby School in Warwick Street, is currently up for sale and one of the bidders hoping to buy the property from the Church Commissioners
for England is the newlyformed Greater Things (Rugby) Ltd.
Investors including the Church Commissioners
and financial firms Corsair Capital and Centerbridge Capital are to revive the dormant Williams & Glyn's brand, under the plans announced yesterday.