It is the same in Canterbury, with some of the retail space near the Cathedral. And they don’t seem to be a very popular landlord!Gateshead Metrocentre was built and owned by the Church of England, until they sold a majority stake in the mid 1990s - think they may still have a minority holding.
In many places (York is one) they own a fair amount of prime city-centre retail property.
Going back to Coca-Cola, I was surprised to see so many local soft drinks in various European countries owned by the company. I was thinking I was contributing to a more local company in that country, until I saw the Coca-Cola logo.