25 June 2015
The Crown Estate sells Bryanston Estate
The Crown Estate has agreed the sale of the Bryanston Estate in Dorset to a UK company held on behalf of the Viscount Rothermere and his son the Hon Vere Harmsworth for an undisclosed sum. The purchase is consistent with the family’s long-term strategy to diversify its investment holdings.
The 4,700 acre Bryanston Estate, purchased in 1950 from the Portman family, lies to the north west of Bournemouth at Blandford Forum in Dorset. The largely agricultural estate is predominantly comprised of 14 farm tenancies and around 40 residential properties.
"Sales such as this provide our business with important capital for investment across our key sectors. The proceeds will be reinvested in the business across the UK.”Ken Jones, Director of the Rural and Coastal Portfolio
Ken Jones, Director of the Rural and Coastal Portfolio, said: “Sales such as this provide our business with important capital for investment across our key sectors. The proceeds will be reinvested in the business across the UK and see us continue to actively manage our significant rural holdings, invest in 21st century shopping parks, encourage growth in offshore energy sector, and deliver world leading retail and business destinations in London’s West End.”
The Crown Estate is an independent commercial business, established by Act of Parliament to commercially manage a diverse £11.5bn portfolio of assets. 100 per cent of the profits we generate are returned to the Treasury for the benefit of the nation’s finances; over the last ten years this has amounted to over £2.3 billion.
The rural land portfolio comprises around 138,000 hectares (340,000 acres) of agricultural land, forests, marinas, ports and harbours, together with minerals, property, and around half the UK’s shoreline.Back to Media & Insights