The Crown Estate lays claim to vast ocean assets, allowing the royal family to cash in on the booming blue economy.
one of the most iconic shopping destinations in the world. The grand, curving street is home to Apple’s flagship store, as well as storied London shops like Liberty and Hamleys. And almost all of it belongs to King Charles III. Or, to be more precise, the Crown Estate—the commercial real estate business that owns and manages vast swaths of land and property belonging to the British monarch.
For years, the seabed was a sideshow to the royal family’s sprawling terrestrial property empire. But over the past few years it’s leapt in value, as a result of the booming market for renewable energy. After rising incrementally for years, the value of the seabed doubled between 2020 and 2021. By 2022, the Crown Estate estimated its marine portfolio was worth £5 billion .
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Zealand to review risk and benefits of seabed miningNew Zealand will undertake a review of the risks and benefits of seabed mining and whether domestic regulation is needed, the government announced on Friday.
Read more »
Ocean Man First Nation receives land claim mineral rightsOcean Man First Nation is receiving 63 hectares of Crown mineral rights.
Read more »
King Charles Will Wear a Five-Pound Crown During the CoronationWhich may not sound like much, until you try to balance it atop your head.
Read more »
Triple Crown winner Secretariat still dominant 50 years onSecretariat had an unusually large heart, an engine that propelled him to a Triple Crown sweep 50 years ago. The colt nicknamed Big Red remains the heartbeat of an industry that has yet to see such dominance on and off the track replicated.
Read more »
Denver real estate snapshot: Newest April numbers, market takeaways and what to expect this springEconomic uncertainty and increased property taxes continued to impact Denver’s real estate market in April in a number of key factors, leading to fewer available homes for potential buyers.
Read more »