Crown estate’s profits fell by nearly £76m in year to March despite offshore wind auction windfall
A historic offshore wind auction by the Queen’s property manager, the crown estate, helped to counter a sharp drop in the value of its retail portfolio, but could not prevent a 22% decline in annual profits to £269m.
The crown estate, which manages the seabed around Britain as well as a vast land and property portfolio that includes Windsor Great Park and Regent Street and St James’s district in London, said its profit for the year to March fell by nearly £76m from the year before, mainly due to a drop in its rent take.
Continue reading...source https://www.theguardian.com/uk-news/2021/jun/24/queen-property-manager-crown-estate-says-profits-fell-22-in-first-year-of-pandemic
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