The Waqf Fund acquires UK retail property to fund charitable work for generations to come

The Waqf Fund announced a key real estate acquisition as a charity endowment. The fund has completed the £1.9 million purchase of a prime freehold retail unit on Solihull High Street, generating £150,000 in annual rental income that will directly fund life-saving humanitarian projects every year. Located in one of the most affluent retail catchments in the West Midlands, adjacent to the Touchwood shopping centre, the pedestrianised High Street unit is let to a rapidly expanding Danish homeware retailer. The tenant trades from more than 70 UK stores and opened…

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