The Crown Estate announces annual results29/06/2016
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The Crown Estate’s annual report and accounts for 2015/16, the organisation’s fourth integrated report, continues to show innovation in reporting and is a visible commitment that sustainability is woven into the fabric of its business.
This year’s report shows the organisation outperforming its market and delivering a record revenue profit of £304.1 million, which is up 6.7 per cent compared with 2014/15. All the revenue profit is delivered directly to the Treasury for the benefit of the nation’s finances. Further highlights from the last year include 12.2 per cent growth in The Crown Estate’s capital value to £12.9 billion, a new historic high, and 9.7 per cent growth in The Crown Estate’s property value to £12 billion.
Active asset management and place-making through development have underpinned The Crown Estate’s resilience and strategy, which is focused on carefully chosen core sectors where it enjoys critical mass and high levels of expertise: central London, regional retail, offshore wind and marine aggregates, and rural and strategic land.
The report details how The Crown Estate outperforms the market, generating growing returns for HM Treasury and making a greater Total Contribution – economically, socially and environmentally by combining smart business thinking with a long term approach. The report’s themes explore its vision to be a progressive commercial business creating significant value beyond financial return.
The full report, including a dynamic business model and more information on The Crown Estate’s Total Contribution approach can be found at www.thecrownestate.co.uk/integrated-annual-report
Fiona Mannion / Mike Norris
020 7851 5242
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