Crown Estate achieves higher total returns
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London
THE Crown Estate, the property company that generates income for Queen Elizabeth II, said the value of its real estate surged 17 per cent to a record £11 billion (S$23.2 billion).
Total return, a combination of rental income and value increases, from its properties, wind farms and other assets was 20.8 per cent over the past year, the London-based company said in a statement on Wednesday. The assets include most of the St James's district in London's West End.
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