FINANCE: The Crown Estate’s property portfolio has hit a historic high valuation of £11.5bn, up by 16.7%, according to its annual results to the end of March.
It attributed the rise in part to its West End development and asset management activities.
The Crown increased returns for the year to 20.8% and delivered a profit of £285.1m.
It is currently working on a number of development projects in its West End heartland including St James’s Market, SW1 (pictured), with Oxford Properties, and 10 New Burlington Street, W1, with Exemplar.
Away from the West End, the company said that it was looking to buy rural land for housing and prime regional retail.
