Bloomberg News

Queen Elizabeth’s Property Gains Rise 9,200%, FT Says

June 06, 2012

Queen Elizabeth II’s property rental income has surged 9,200 percent during her 60-year reign, increasing at three times the inflation rate over the period, the Financial Times reported, citing figures from the Crown Estate, the company that owns the monarch’s land and buildings.

The Crown Estate posted rental income of 230 million pounds ($356 million) for the year through March 2011, compared with revenue of 2.5 million pounds in 1952, the newspaper said.

The property portfolio includes London’s Regent Street and the U.K. seabed as far as 12 miles (19 kilometers) from the shore. It doesn’t include Windsor Castle or Buckingham Palace, which are owned by the Queen herself rather than the monarchy, the FT said.

To contact the reporter on this story: Alex Morales in London at amorales2@bloomberg.net.

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net.


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