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Article: One's lost [pounds sterling]1billion! Queen sees value of Crown Estate fall 18 per cent in property market crash.(News)
- Article from:
- Daily Mail (London)
- Article date:
- July 9, 2009
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Byline: Ian Drury Political Reporter
THE Queen has seen [pounds sterling]1.3billion wiped off the value of her assets in the property market collapse.
The Crown Estate, which runs her land and property empire, fell in value from [pounds sterling]7.3billion to [pounds sterling]6billion in the year to March.
The 18 per cent slump in its potential asking price was the first since 1993.
The organisation, which manages land and property on behalf of the State, is one of the UK's biggest owners of rural land, homes, shopping centres, prime central London office space and seashore.
Its sprawling portfolio ranges from beef farms in ...