Business & Finance
UK’s Crown Estate Profits Fall as Offshore Wind Fees Decline
Key Points
UK’s Crown Estate Profits Fall as Offshore Wind Fees Decline Profits at the Crown Estate, the property company that generates income for King Charles III, fell last year as a temporary boost from the licensing of new offshore wind farms began to fade. Operating profits at the company, which also owns swathes of commercial buildings in some of London’s most expensive districts, fell to £1.2 billion ($1.6 billion) in the year through March, down from £1.4 billion a year earlier.
UK’s Crown Estate Profits Fall as Offshore Wind Fees Decline
Profits at the Crown Estate, the property company that generates income for King Charles III, fell last year as a temporary boost from the licensing of new offshore wind farms began to fade.
Operating profits at the company, which also owns swathes of commercial buildings in some of London’s most expensive districts, fell to £1.2 billion ($1.6 billion) in the year through March, down from £1.4 billion a year earlier.