The Crown Estate Delivers £1.1 Billion Net Revenue Profit and Scales Up Investment for Future Value Creation

Shared 01 July, 2025

The Crown Estate Delivers £1.1 Billion Net Revenue Profit and Scales Up Investment for Future Value Creation

The Crown Estate has today announced a net revenue profit of £1.1 billion for the UK, driven by the short-term option fees from Offshore Wind Leasing Round 4 (“Round 4”). This brings its total contribution to the Treasury to £5 billion over the past decade.  

The passing of the Crown Estate Act 2025 in March 2025, granting new borrowing and investment powers, has significantly enhanced The Crown Estate’s ability to invest across its diverse portfolio to create financial, social and environmental value for the benefit of the UK.  

The Crown Estate is well positioned to deliver continued long-term sustainable, cumulative growth through activities such as increasing offshore wind capacity to boost energy security; supporting nature recovery; investing in its rural portfolio; and forming new partnerships with the potential to expand its provision of science and technology space as well as its housing pipeline. These efforts aim to maximise its potential to have a positive impact across the country into the future. 

Crown Estate 2024/25 Key Results Summary:

Financial Performance:

  • £1.1 billion net revenue profit (driven by offshore wind Round 4 option fees)
  • £15.0 billion net asset value (down from £15.5 billion due to Marine revaluation)

 

Major Projects & Partnerships:

  • 50/50 joint venture with Lendlease: potential £24 billion GDV across 6 projects delivering 10M+ sq ft commercial space, 100,000 jobs, 26,000 homes
  • Total housing pipeline: 56,000 potential new homes (5,000+ planning applications underway)
  • Cambridge Business Park redevelopment: £1.5 billion GDV for science/innovation space

 

Business Performance:

  • Urban: London portfolio +1% vs benchmark, Regional +4% vs benchmark
  • Marine: Clean energy acceleration with Round 4/5 progressing, 4.7GW capacity increase program, £400M port/supply chain investment
  • Rural: 15,000 acres under Environmental Farm Business tenancies

 

Development Pipeline:

  • £490M London development: 1M sq ft modernization, Regent Street public realm transformation
  • 8M sq ft future commercial space potential for science/innovation (Oxford, Cambridge)

 

Sustainability:

  • 20% energy consumption reduction across real estate portfolio
  • Published “Ambition for Nature” commitments for nationwide nature recovery

 

Dan Labbad, Chief Executive Officer at The Crown Estate, said:  “Across our diverse portfolio, we are laying the foundations for dependable long-term growth — supporting housing delivery, advancing vital industries such as science and technology, promoting regenerative agriculture, and driving sustainable urban development. We are also strengthening the UK’s energy security by working closely with our customers and partners to bring stability to the offshore wind sector. Thanks to new legislation, we now have greater flexibility to invest across our portfolio, increasing our resilience and potential, and enabling us to create lasting benefits for the country and its finances.” 

Source

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