Crown Estate achieves higher total returns

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.