The Charities Property Fund , the first common investment fund for charities in England and Wales, is celebrating its tenth year with a return of 19.1 per cent for the past 12 months.

Since 2009 the fund has purchased 15 properties in eight separate transactions including a Tesco Extra store for £43m, the Apex retail park in Twickenham for £14.4m and an office building in Bath for £6.9m.

The Fund currently sits at £357m with 1,142 charities as investors  and a current yield of seven per cent.

Fund director, Harry de Ferry Foster commented: “The key strength of the Charities Property Fund has been its ability to deliver a secure income stream over the last 10 years. That has made it very popular with charities, which in many cases have seen their income significantly affected by the financial crisis. We look forward to continued delivery of a high and stable income to our investors for the next decade and beyond.”