top
Prince William selling 20% of duchy property for housing and nature projects
Key takeaways
- Sean Coughlan Royal correspondent Reuters The Duchy of Cornwall, which provides a private income of over £20m per year to the Prince of Wales, is to sell off 20% of its property over 10 years.
- The £500m raised will be invested in local communities, including affordable housing and environmental projects, as first reported in The Times.
- The property empire spans 128,000 acres across 19 counties and is given to the heir of the throne but there has been a push for a greater focus on "social impact".
Why this matters: a developing story that could shape the day's news cycle.
Sean Coughlan Royal correspondent Reuters The Duchy of Cornwall, which provides a private income of over £20m per year to the Prince of Wales, is to sell off 20% of its property over 10 years.
The £500m raised will be invested in local communities, including affordable housing and environmental projects, as first reported in The Times.
The property empire spans 128,000 acres across 19 counties and is given to the heir of the throne but there has been a push for a greater focus on "social impact".
Article preview — originally published by BBC News. Full story at the source.
Read full story on BBC News →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from BBC News alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop