The Crown Estate returns £343.5m returned for the public finances
The Crown Estate, has today announced that it has returned income of £343.5m to the Treasury for the benefit of public finances, up 4.3 per cent from £329.4m in 2017/18.
Overall performance was ahead of the market, with a total return of 4.9 per cent against the annual bespoke benchmark of 3.1 per cent, delivering the company’s eleventh consecutive year of outperformance.
Robin Budenberg, chairman of The Crown Estate said: “The Crown Estate and its skilled team have delivered another year of strong returns to the Treasury and for the nation’s finances. Looking through short-term volatility in our markets, we remain focused on planning for the future to shape a business that creates value for customers in new ways and seizes the opportunities presented by the macro trends that are transforming how people use real estate.”