The Crown Estate: revenues and property values to be ‘significantly down’ next year

Queen’s business announces big profit but value of portfolio drops by £550m as Covid crisis takes toll

A deserted Regent Street in London during the coronavirus lockdown in April 2020
Queen’s business announces big profit but value of portfolio drops by £550m as Covid crisis takes toll
(Image credit: Andrew Redington/Getty Images)

The Crown Estate is predicting tough times ahead due as the coronavirus pandemic hits the Queen’s profits and asset values.

In a newly published annual report, the estate - an independent commercial business owned by the reigning monarch - has announced a net revenue profit of £345m for the 12 months ending 31 March, up by 0.4% year-on-year.

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Mike Starling is the former digital features editor at The Week. He started his career in 2001 in Gloucestershire as a sports reporter and sub-editor and has held various roles as a writer and editor at news, travel and B2B publications. He has spoken at a number of sports business conferences and also worked as a consultant creating sports travel content for tourism boards. International experience includes spells living and working in Dubai, UAE; Brisbane, Australia; and Beirut, Lebanon.