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Prince William plans massive £500 million UK estate sale to fund affordable homes, green projects
Prince William is set to sell 20% of the Duchy of Cornwall's vast property portfolio over the next decade, raising an estimated £500 million that will go towards affordable housing, rural jobs and environmental restoration across England.The duchy, which covers 128,000 acres across 19 counties and generates more than £20 million a year in private income for the Prince of Wales, will focus its reinvestment on five key areas: Bath, Cornwall, Dartmoor, the Isles of Scilly and Kennington in south London.The BBC first reported the broad outlines of the plan, with The Times breaking the initial story.William said the duchy wants to go beyond the role of a traditional landowner. "There is so much good we can do.
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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
