Prince William selling 20% of duchy property for housing and nature projects
Prince William plans to sell 20% of the Duchy of Cornwall's property over the next decade to raise funds for housing and environmental initiatives. The £500 million generated will be invested in local communities, with a focus on affordable housing and renewable energy projects. This shift aims to enhance the social impact of the duchy, which has historically been associated with royal privilege.
- ▪The Duchy of Cornwall generates over £20 million annually for the Prince of Wales.
- ▪Prince William aims to provide an additional 12,000 homes by 2040, with a third designated as affordable housing.
- ▪The duchy will invest £161 million in housing and £123 million in job creation and renewable energy initiatives.
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Prince William selling 20% of duchy property for housing and nature projects6 minutes agoShareSaveAdd as preferred on GoogleSean CoughlanRoyal correspondentReutersThe 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"."We're not the traditional landowner… we want to be more than that. There is so much good we can do.
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