Crown estate makes more than £1bn profit for third year running

King Charles’s property management firm rakes in £1.2bn as it continues to benefit from offshore windfarm boom

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King Charles’s property management company has made more than £1bn for the third consecutive year thanks to the boom in offshore windfarms paid for through energy bills.

The crown estate, the royals’ portfolio of land and property, reported £1.2bn in profit for the last financial year, almost three times the amount it made three years ago. Two-thirds came from the offshore wind industry.