Crown Estate Makes £343m From London Property And Wind

The Crown Estate has announced improved financial results with £343.5m of income returned to the Treasury, a rise of 4.3% from £329.4m in 2017/18.

The Estate said this was its eleventh consecutive year of outperforming the market and that its ‘outperformance of its bespoke benchmark was driven by the growth of its offshore wind business along with acquisitions and asset management in central London.’

Robin Budenberg, Chairman of The Crown Estate said: “The Crown Estate and its skilled team have delivered another year of strong returns to the Treasury and for the nation’s finances. Looking through short-term volatility in our markets, we remain focused on planning for the future to shape a business that creates value for customers in new ways and seizes the opportunities presented by the macro trends that are transforming how people use real estate.”

The Crown Estate comprises property, including a central London office and retail portfolio, belonging to the monarch but which are managed in the public interest. Twenty five percent of its income is returned to members of the royal family by way of the Sovereign Grant. The latest results underline the fact that The Crown Estate is, in reality, more than just an estate but actually a significant and professionally run business within the property market.

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Source The Crown Estate
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