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Prince of Wales makes £500m decision over future of Duchy of Cornwall
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestylePrince William, the 25th Duke of Cornwall, is reportedly planning to sell 20 per cent of the Duchy of Cornwall estate over the next decade. This strategic move aims to generate £500 million, which will be invested into tackling the housing and nature crises, according to a report by The Times. The Duchy, a portfolio of land, property, and investments valued at over £1 billion, provides William with a private income of nearly £23 million annually, funding his family's charitable, private, and official lives. The Prince of Wales intends to consolidate the Duchy's holdings around five key geographic 'heartlands,' including the Isles of Scilly, Cornwall, Dartmoor, the Bath area, and Kennington, south London. Will Bax, chief executive of the Duchy, stated that the decision reflects William's belief that the Duchy should have a positive impact on the world, with funds potentially raised through land sales, development income, partnerships, and borrowing, despite some tenants expressing stress over previous land sale plans. In fullPrince William to sell off large swathes of CornwallThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
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independent.co.uk
Prince of Wales to raise £500m by selling 20% of private land and property portfolio
The duchy provides William, who is the 25th Duke of Cornwall, with a private income of nearly £23 million a year
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Prince William to sell off large swathes of Cornwall
The duchy provides William, who is the 25th Duke of Cornwall, with a private income of nearly £23 million a year
