Queen’s property drops in value by £500m after rental receipts decline

Coronavirus forces Crown Estate revaluation as retailers and tenants struggle to make payments

The value of the Queen’s land and property has been written down by more than £500m following a steep fall in rental receipts from shops.

The Crown Estate encompasses London’s Regent Street and St James’s as well as malls and retail parks around the country, alongside the rights to seabeds around the British Isles. However, the coronavirus pandemic has forced it to consider the value of its holdings as retailers and office tenants struggle to make rental payments.

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