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Scotland

In Scotland we manage a diverse property portfolio including five rural estates, mineral and salmon fishing rights, as well about half of the foreshore and almost all of the seabed.

Our responsibilities are to maintain and enhance the value of the estate and its income over the long term. To do this we work in partnership with the Scottish Government, the Scottish Parliament, local authorities, communities and our customers for mutual benefit.

The opportunities offered by marine renewable energy are a key part of our work in Scotland, and we are working with the Scottish Government to help meet their target of the equivalent of 100 per cent of electricity consumption generated from renewable sources by 2020.

We also invest in the development of the aquaculture industry, which brings £430 million into the Scottish economy, and in ports and harbours, strengthening Scotland's position as a marine tourism destination.

Our rural estates comprise 37,000 hectares, of which 5,000 is forest. They include nine Sites of Special Scientific Interest and we are aware of the need to protect sensitive and fragile environments. We work with tenants on these estates to support the development of their businesses which range from farms to sustainable tourism. 

The urban estate in Scotland comprises 39-41 George Street, Edinburgh. Our other investment in Scottish commercial property is through a 50 per cent interest in an English Limited Partnership which owns Fort Kinnaird Retail Park in Edinburgh.