King Charles III Crown Estate Properties – McDonald’s, Victoria’s Secret
- The Crown Estate has properties worth $17.6 Billion, including farmland and seabeds.
- There are stores at the following sites: McDonald’s, Starbucks and Apple.
- After the Queen’s death, King Charles III received the massive portfolio.
King Charles III now owns unexpected properties like McDonald’s, Starbucks, and lingerie shops.
The Crown Estate’s properties have a collective value of over $1.5 billion £15.6 billion ($17.7 billion). The Crown Estate owns vast areas of land, seabed, coastline, and large swathes retail properties. This means that the king has things like McDonald’s and a few Starbucks locations.
The King is not involved in management decisions relating to the estateHe did not have any private assets. These include Sandringham and Balmoral, two royal residences.
According to the Crown Estate, it has no other locations than London. £1.5 billion ($1.7 billion)Regional retail portfolio that spans more than seven millions square feet, including 17 shopping centers and retail parks in or around cities such as Leeds, Liverpool and Oxford.
It also has a home in London. 10 million square feetThe Crown Estate claims it is one of the West End’s most prominent property owners, with a mix of office, retail, dining and leisure space. This property is worth around £7.7 billion ($8.8 billion), it says.
The Crown Estate rents space in its shopping malls and retail parks outside London to seven McDonald’s restaurants, four Starbucks shops, and five Subway locations. Pizza Hut, KFC and Five Guys are just a few of the other fast-food giants that have a presence in America.
Next, which operates 13 stores across 17 locations, is the largest retailer.
The sites also include 10 stores operated by British retail giant Marks & Spencers and six operated by Irish fast-fashion company Primark. A store is also available at the Westgate shopping centre in Oxford for lingerie and sex-toy shops Ann Summers and Victoria’s Secret.
Other stores include Pandora and Apple across the Crown Estate’s portfolio TK MaxxUrban Outfitters and Vans. There are also several cinemas and bowling alleys located on the sites.
The shopping malls and retail centers have many different stores from those found on London’s Regent Street. It is home to many high-end shops and is fully managed and maintained by the Crown Estate.
In a policy documentAccording to the Crown Estate, all street retailers are expected to adhere to the Regent Street brand, which is “quality, heritage and style” and have their flagship store in the UK on that street.
The Crown Estate also maintains a comprehensive list listing all businesses that are not allowed to operate on streets. This includes night clubs, betting shops and casinos, sex shops and charity shops.
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