Prince William's Duchy of Cornwall to Sell 20% of Property Portfolio for Housing and Green Projects
Prince William's Duchy of Cornwall is set to sell approximately 20% of its £1 billion property portfolio over the next decade. This decision aims to consolidate the duchy's holdings and finance initiatives such as building thousands of homes, expanding renewable energy production, and pursuing wildlife restoration projects. Will Bax, the chief executive of the duchy, outlined these plans in an interview with the Times of London. The duchy, established in the 14th century to provide income for the Prince of Wales, currently owns 52,173 hectares of land across 19 counties in England. The strategy aligns with the duchy's recent annual report, which emphasizes environmental and social investments. The duchy plans to focus on five key areas, including the Isles of Scilly, Cornwall, Dartmoor, the Bath area, and Kennington in London.