As Cardinals gather to select the next Pope, the Vatican has been found to have made a €23 million investment in an apartment block that contains "Europe's biggest gay sauna," Europa Multiclub according to reports in Rome and the UK Independent newspaper.

The building also houses priests, an Archbishop and, occupying a 12 room apartment on the first floor, Cardinal Ivan Dias, the head of the Congregation for Evangelisation of Peoples.

Cardinal Dias will be in the co...