How a Leicester Retail Park Has Become the Queen's Biggest Ever Property Buy

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The Crown Estate, which owns property on behalf of the Queen, has completed the biggest acquisition in its 254-year history by buying Fosse Park in Leicester for £345.5m.

The deal by the Queen is in marked contrast to the collection of historic assets it owns across the UK, including Regent Street, Ascot racecourse, and the seabed surrounding the country.

The Crown Estate has paid its profits to the Treasury and taxpayers since 1760, after George III handed the Crown's property to the state in return for an annual fee to support his duties.

However, the organisation has gradually evolved from solely focusing on its inherited assets to building a portfolio of shopping parks across the country.  The reason for the acquisitions is so the Crown Estate can diversify its portfolio, reduce its reliance on a small part of London, and generate stable revenues from the rental income at the retail properties.

More: How a Leicester retail park has become the Queen's biggest ever property buy - Telegraph

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