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☆ Crown Estate sues Twitter over alleged rent arrears for UK HQ
▼ + stars: | 2023-01-23 | by ( ) www.reuters.com time to read: +1 min

LONDON, Jan 23 (Reuters) - Britain's Crown Estate, an independent commercial business that manages the property portfolio belonging to the monarchy, said on Monday it had begun court proceedings against Twitter over alleged unpaid rent on its London headquarters. Court lists showed the case against Twitter had been filed at the High Court in London last week. In a statement, the Crown Estate, which owns some of the most expensive land in central London, said the action related to "rental arrears" on the social media platform's office space in the British capital. In London, the office was left deserted and any evidence that Twitter had once occupied the building were erased. Reporting by Michael Holden and Chavi Mehta; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

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☆ UK's Crown Estate to lease seabed sites for six offshore wind projects
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +2 min

LONDON, Jan 19 (Reuters) - Britain's Crown Estate will lease sites for six offshore wind projects capable of generating enough green electricity to power more than seven million homes by 2030 under agreements announced on Thursday. The Crown Estate, which oversees the British monarch's public holdings, manages the seabed around England, Wales and Northern Ireland and awards seabed rights for the development of offshore wind, wave and tidal energy. Germany's RWE (RWEG.DE) said it was one of the companies that had signed a lease agreement with the Crown Estate. Gus Jaspert, managing director in charge of marine at the Crown Estate, said the deal "marks a significant milestone for the UK on the road to net zero". The offshore wind market has grown to become the largest source of renewable electricity in the UK, the Crown Estate said, currently able to power approximately 40% of UK homes.

☆ King Charles to give back profit from $1 bln-a-year wind farm deal
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +3 min

[1/2] Britain's King Charles speaks during a visit at the Aboyne and Mid Deeside Community Shed in Aboyne, Scotland, Britain, January 12, 2023. REUTERS/Russell Cheyne/File PhotoLONDON, Jan 19 (Reuters) - King Charles told the British government he would like an expected surge in profit from a 900 million pound ($1.1 billion)-a-year wind farm deal for his Crown Estate to go to the "wider public good" rather than to the royal family. Under agreements announced on Thursday, the Crown Estate will lease sites for six new offshore wind projects that are capable of generating enough green electricity to power more than seven million homes by 2030. It is based on 15% of surplus revenue from the Crown Estate - a property portfolio belonging to the monarchy. Sharing the wind farm windfall would happen through "an appropriate reduction" in the proportion of the Crown Estate surplus that funds the Sovereign Grant.

☆ King Charles' III property empire includes 7 McDonald's, a Victoria's Secret, and an Apple store
▼ + stars: | 2022-12-23 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

The Crown Estate owns properties worth $17.6 billion, including farmland and seabeds. It also owns retail parks with stores including McDonald's, Starbucks, KFC, and Victoria's Secret. The Crown Estate, which generates profits for the UK Treasury, is owned by the reigning monarch and control was passed down from Queen Elizabeth II to King Charles III upon her death in September. Lingerie and sex-toy shop Ann Summers also has a store at the Westgate shopping mall in Oxford, as does Victoria's Secret. Regent Street in central London, which is owned by the Crown Estate.

☆ Britain's new PM is almost a billionaire — with a net worth twice that of King Charles
▼ + stars: | 2022-10-28 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Rishi Sunak and his wife Akshata Murty have an estimated combined wealth of £730 million ($800 million). Dan Kitwood | Getty Images News | Getty ImagesLONDON — Britain's new Prime Minister Rishi Sunak made history as the country's first leader of color and its youngest in recent centuries, taking office aged just 42. He also breaks the record for being the wealthiest-ever occupant of Downing Street — with a fortune estimated to exceed that of King Charles III. A net worth of $844 millionTogether, the couple has an estimated fortune of £730 million ($844 million), according to the Sunday Times Rich List. King Charles III welcomes Rishi Sunak during an audience at Buckingham Palace, London, where he invited the newly elected leader of the Conservative Party to become Prime Minister and form a new government.

But whatever your feelings toward Elizabeth, it’s clear that the institution of the British monarchy is far from benevolent. Meanwhile, the exact worth of the British monarchy is very difficult to calculate. The Sunday Times' Rich List calculated the queen’s personal net worth as 370 million pounds (more than $420 million), while the author and royal expert David McClure estimated it at 400 million pounds (around $460 million). In 2021-2022, the royal household’s financial report calculated this as 86.3 million pounds ($98.5 million). (According to the BBC, this portfolio generates around 20 million pounds a year in profits.)

☆ The $17 billion estate that helps pay for the royal family – from Regent Street to the Windsor Estate
▼ + stars: | 2022-09-18 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

The Crown Estate's income goes to the UK government, which gives the royal family an annual payment. The assets of the Crown Estate are worth about $17 billion. The Crown Estate is a collection of property and other holdings belonging to, but not managed by, the monarch. While the King technically owns the Crown Estate by virtue of being on the throne, he is not involved in its management. The Crown Estate's portfolio also includes parts of the shoreline and seabed, forests, farms and the Windsor Estate.

☆ Prince William just inherited a 685-year-old estate worth $1 billion
▼ + stars: | 2022-09-13 | by ( Anna Cooban | Cnn Business | ) edition.cnn.com time to read: +5 min

The line of succession makes Prince William, now the first in line to the British throne, a much wealthier man. Created in 1337 by King Edward III, the estate is worth around £1 billion ($1.2 billion), according to its accounts for the last financial year. From that, the UK Treasury paid the Queen a Sovereign Grant of £86 million ($100 million). The Sovereign Grant is usually equivalent to 15% of the estate's profits. Income from its investments cover official costs not met by the Sovereign Grant, and helps support other Royal family members.

☆ King Charles doesn't have to pay inheritance tax on the Queen's private estate worth more than $750 million
▼ + stars: | 2022-09-11 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

King Charles has inherited the Duchy of Lancaster estate valued at more than $750 million. He will not have to pay inheritance tax on the estate due to a rule approved in 1993. The provision was first exercised in 2002 when the Queen Mother passed on an estate worth about $80 million to the Queen including a collection of Faberge eggs. The Lancaster estate generated revenue of £24 million ($27 million) last year, its financial records state, and the King is now entitled to its income. It had assets worth more than £650 million ($754 million) at the end of March this year, the duchy's website states.

☆ La cât este estimată averea pe care o lasă Prinţul Philip al Marii Britanii
▼ + stars: | 2021-04-14 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Prinţul Philip, ducele de Edinburgh, care a decedat pe 9 aprilie lasă în urmă o avere estimată la 25 de milioane de euro, acumulată timp de peste şapte decenii în care a fost văzut ca un modernizator al monarhiei britanice. Soţul reginei Elisabeta a II-a a murit vinerea trecută la 99 de ani. Ducele de Edinburgh, cel mai longeviv prinţ consort din istoria Angliei, a strâns o avere considerabilă de-a lungul acestor decenii cât a slujit coroana britanică, informează ziarul spaniol ABC, citat de Agerpres. Alocaţia a fost plătită din banii contribuabililor, iar prinţul Philip a primit-o până când a renunţat la funcţiile sale, în 2017, la vârsta de 96 de ani, scrie digi24.ro. egina, care are o avere estimată la 500 de milioane de euro, a împărţit cu soţul ei veniturile anuale primite de pe urma Ducatului de Lancaster.

Persons: Prinţul Philip, de, Elisabeta a II -, Ducele de, Prințul Philip, Alocaţia, prinţul Philip, de Lancaster ., Ducele de Lancaster Organizations: ABC, Agerpres, Crown Estate, Royal Collection Locations: de Edinburgh, britanice, Ducele de Edinburgh, Angliei, de, Lancaster

Ducele de Edinburgh, cel mai longeviv prinţ consort din istoria Angliei, a strâns o avere considerabilă de-a lungul acestor decenii cât a slujit coroana britanică, informează ziarul spaniol ABC, citat de Agerpres. Prințul Philip a lăsat moştenitorilor săi un patrimoniu personal estimat la aproape 25 de milioane de euro, potrivit Celebrity Net Worth, în timp ce alte surse o estimează la 12 milioane de euro, mai scrie sursa citată. O parte din această avere provine din alocaţia anuală din partea parlamentului, de peste 400.000 de euro pentru îndeplinirea îndatoririlor publice. Alocaţia a fost plătită din banii contribuabililor, iar prinţul Philip a primit-o până când a renunţat la funcţiile sale, în 2017, la vârsta de 96 de ani. Regina, care are o avere estimată la 500 de milioane de euro, a împărţit cu soţul ei veniturile anuale primite de pe urma Ducatului de Lancaster.

Persons: Ducele de, Prințul Philip, Alocaţia, prinţul Philip, Regina, de Lancaster ., Ducele de Lancaster Organizations: ABC, Agerpres, Crown Estate, Royal Collection Locations: Ducele de Edinburgh, Angliei, de, Lancaster

☆ Două românce care și-au făcut bordel în cort, în fața unei școli din Londra
▼ + stars: | 2020-12-14 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +4 min

De șapte ani, zeci de corturi au fost instalate în Park Lane din Mayfair, Londra. Tabăra, situată între un cartier de lux și reprezentanțele producătorilor de mașini de lux, atrage în principal familii de romi din România. „Au fost primite reclamații de la o școală primară cu privire la două corturi amplasate pe trotuarul, din fața porților”, se spune în scrisoare. E plin de mizerie într-o zonă care a fost foarte curată”, i-a mai scris Rachael Robathan ministrului de interne. În cele două corturi a funcționat un bordel de care se ocupau două surori românce, așa cum a rezultat din verificările consiliului local.

Persons: Priti Patel, Robathan, Diana, Alex Hauschildt, St James, Park, El Organizations: Park Lane, UE, Ministerului, Interne, Estate Locations: Londrei, Mayfair, Londra, România, Westminster, Downing, cerșit, St

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