Prince William Selling 20% of Duchy Property for Housing and Nature Projects
The plan would fund 10,000 to 12,000 homes, 100MW of renewable energy and £20 million in environmental recovery, according to duchy chief Will Bax.
- Prince William plans to sell about 20 per cent of the Duchy of Cornwall over the next 10 years, aiming to raise £500 million for housing and nature crises.
- Chief executive Will Bax stated the Duke of Cornwall decided the estate "shouldn't just exist to own land," prioritizing positive social and environmental impact instead.
- Tenants of the Bradninch estate in Devon felt "enormously stressed" by the plans, though Bax confirmed all 10 are "engaged in a conversation around buying their farm."
- The prince intends to invest about £160 million in housing solutions and £120 million in workplaces across the Isles of Scilly, Cornwall, and Kennington for economic opportunity.
- Operating under the Duchy of Cornwall Management Acts, the estate—valued at more than £1 billion—must balance protecting capital for future generations with delivering long-term commercial returns.
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It is estimated that 500 million pounds will be raised and invested in local communities and environmental projects.
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Prince William’s Duchy of Cornwall to sell 20% of property portfolio to fund housing, green projects
LONDON (AP) — Prince William’s Duchy of Cornwall plans to sell about 20% of its 1 billion pound ($1.3 billion) property portfolio over the next decade to consolidate its holdings and finance plans to build thousands of homes, expand renewable…
Winnipeg Free Press
Prince William's Duchy of Cornwall to sell 20% of property portfolio to fund housing, green projects
LONDON (AP) — Prince William’s Duchy of Cornwall plans to sell about 20% of its 1 billion pound ($1.3 billion) property portfolio over the next decade to consolidate its holdings and finance plans to build thousands of homes, expand renewable energy production and pursue wildlife restoration projects.
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