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Article: Estate benefits; The Crown Estate owns the most valuable houses in London, but until recently it was run like a gentleman's club. Now there's a sharp new team in control who are determined to exploit this billion-pound property goldmine. And they're starting by revamping Regent Street.
- Article from:
- The Evening Standard (London, England)
- Article date:
- August 20, 2004
CopyrightCOPYRIGHT 2004 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: ELOISE NAPIER
As the crow flies, only 15 miles separate them. In terms of background, they are a million miles apart. One was educated at Downside and Cambridge, lived in a small castle overlooking the River Tay in Perthshire and sat in the House of Lords. The other went to a minor Scottish public school, attended Edinburgh University, farmed for most of his life and lives in a bungalow. Which one is in charge of a [pounds sterling]4.6 billion property empire?
It depends when you asked the question. In 1974, you would have been right in assuming that the peer of the realm - the Earl of Perth (a relative of the film producer Matthew Vaughn) - ...