Crown Estate
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In the United Kingdom, the Crown Estate is a property portfolio owned by the Crown. Historically the possession of monarchs, it is no longer the private property of the reigning monarch and cannot be sold by him/her, nor do the revenues from it belong to the monarch personally. It is managed by an independent organisation and headed by the Crown Estate Commissioners. The surplus revenue from the Estate is paid each year to HM Treasury. The Crown Estate is formally accountable to Parliament, to which it makes an annual report. The Crown Estate is one of the largest property owners in the United…mehr

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Produktbeschreibung
In the United Kingdom, the Crown Estate is a property portfolio owned by the Crown. Historically the possession of monarchs, it is no longer the private property of the reigning monarch and cannot be sold by him/her, nor do the revenues from it belong to the monarch personally. It is managed by an independent organisation and headed by the Crown Estate Commissioners. The surplus revenue from the Estate is paid each year to HM Treasury. The Crown Estate is formally accountable to Parliament, to which it makes an annual report. The Crown Estate is one of the largest property owners in the United Kingdom with a portfolio worth Pds. 6 billion, with urban properties valued at Pds. 4.2 billion, and rural holdings valued at Pds. 919.5 million and an annual profit of Pds. 226.5 million, as at 8 July 2009. The majority of the estate by value is urban, including a large number of properties in central London, but the estate also owns 272,000 acres of agricultural land and forest, more than 55% of the UK's foreshore, and retains various other traditional holdings and rights, for example Ascot racecourse and Windsor Great Park