The value of the Queen’s land and property has been written down by more than half a billion.
The Crown Estate encompasses London’s Regent Street and St James’s as well as malls and retail parks around the country, alongside the rights to seabeds around the British Isles. However, the coronavirus pandemic has forced it to consider the value of its holdings as retailers and office tenants struggle to make rental payments. The group wrote down the value of its portfolio by £552.5m to £13.4bn in annual results.
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