The underlying performance of the Queen’s portfolio continues to be strong.
Despite being a net seller of assets over the year, the gross surplus of £246.8 million compares favourably to last year’s £243.2 million.
Activity in the capital markets was reflected by the fact that commercial portfolio outperformed the IPD Quarterly benchmark (IPD Universe) by 2.6 per cent, delivering a total return of 20.4 per cent.
The total value of directly-held property portfolio rose by 8.6 per cent to £6.0 billion (£5.5 billion in 2008/09).
Total capital value rose by 10.4 per cent to £6.6 billion (£6.0 billion in 2008/09).
Over the last ten years, the value of the property portfolio has increased by £2.6 billion.
Over the same period, The Crown Estate has paid a total of £1.9 billion to the Treasury.
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