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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
- Author:
CopyrightCopyright 2004 Evening Standard - London. Provided by ProQuest LLC. (Hide copyright information)
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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 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) would be heading up
one of the pillars of the British establishment. ...