Wed, 01 Aug 2012 | COMMERCIAL PROPERTY
A substantial level of growth in the Crown Estate's commercial property revenues has been recorded over the past 60 years.
When Queen Elizabeth first came to the throne in 1952, the estate brought in around £2.5 million in rental revenues. However, growth in the property market coupled with inflation has resulted in a massive 9,400 per cent growth in revenue and the Crown Estate now earns around £235 million a year.
The Crown Estate is the company that owns and manages the sovereign's land and property in the UK. The fact that it owns historic properties in some of the most desired postcodes is likely to have contributed heavily to the growth.
In terms of valuation, the portfolio itself was not valued until 1987 when it was worth around £1.2 billion. Today this value has increased to around £7 billion. This is excluding key properties such as Buckingham Palace, Windsor Castle and the Balmoral Estate, which are owned by the Queen herself.
Sir Stuart Hampson, chairman of the Crown Estate, told the Financial Times that the company's growth “demonstrates clearly that entrepreneurialism and flair can thrive in a public body”, citing the excellent performance of the portfolio over the Queen's reign.
The company provides UK-wide distribution solutions, specialising in Hiab hire and transporting cargo that requires ADR certification. The business utilises its proficient drivers and fleet to effectively collect and distribute goods of all sizes, in...
This is a unique opportunity to acquire a well-established scaffolding supply business in Scotland, offering comprehensive services and working with blue-chip clients across various industries.
This reputable company is a leading supplier and installer of commercial flooring and hygienic wall cladding, known for its strong relationships and premier installer status with a market-leading manufacturer. With a broad range of installation solut...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.