FinancialAdvice.co.uk Logo

Qualified advisers answering your
Financial Questions
call 0800 092 1245

Even the Crown estate is suffering from the downturn

The value of the Crown Estate, which holds the sovereigns properties and investments, fell by £1.3 billion last year as the recession ripped into the UK property market. These are assets held by the state, although they do not include Royal palaces owned by the Queen, from which income is paid direct to the Treasury on an annual basis.



The entire estate was valued at £7.33 billion last year but has since fallen to just over £6 billion due to the heavy exposure to the UK commercial property market. The portfolio includes significant investment in business parks and shopping centres which have perhaps been the hardest hit areas of the UK economy over the last 18 months. Even though the fall of 18% over the period in question is disappointing it has to be said that the Crown Estate has fared better than many other property dominated portfolios.



Many people will be surprised to learn that the Crown Estate, as well as holding significant commercial property, also owns all of the tin, silver and gold mines in the UK, 360,000 acres of countryside, 2,000 residential properties in Hackney, a McDonald's in Slough and a Debenhams department store!

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:



Latest News

Blogs

Helpful new tax year facts that could affect you and your money


Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.


Read more

Useful Links

Popular Searches

Please Enter More Details

 
Enter More Details
Continue