Crown Estate Commissioners

Treasury written question – answered at on 21 February 2012.

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Photo of Gareth Thomas Gareth Thomas Shadow Minister (Cabinet Office), Party Chair, Co-operative Party

To ask the Chancellor of the Exchequer in which London boroughs the Crown Estate owns (a) land, (b) property and (c) both land and property; and what information his Department holds on each of these assets.

Photo of Chloe Smith Chloe Smith The Economic Secretary to the Treasury

The following table shows the London property held by the Crown Estate, as at 31 December 2011. The Crown Estate does not distinguish between land and property within its urban estate, nor between developed and undeveloped land.

Schedule of the Crown Estate’s properties rights and interests, December, 2011
      Classification and area ( m (2) ) (1)
County/unitary authority London borough Estate description Office Retail Other (2) Residential Industrial
England              
Central London City of Westminster St James’s (including: Haymarket, Lower Regent Street and Pall Mall) 281,500 41,500 30,500 14,000
  Kensington and Chelsea Kensington Palace Gardens and Palace Green 991,000
  City of Westminster Millbank 18,500
  Camden New Oxford Street 16,000
  City of Westminster Merchant Square Paddington 4,500
  City of Westminster Park Lane 2,000 3,000 2,000
  City of Westminster Regent’s Park 19,500 500 30,500 TBC 500
  City of Westminster Regent Street 108,500 208,500 28,000 5,000
  Lambeth Stamford Street 42,000
  City of Westminster Trafalgar Square and the Strand 6,000 1,500 13,000
  City of Westminster Whitehall and Victoria 47,000 18,000
               
Greater London Lewisham/ Greenwich Blackheath and Eltham 1,000 2,500 9,500 (3)
  Sutton Carlsberg, Marlow Way, Croydon 7,500
  Richmond upon Thames Hampton 500 500
  Hounslow Victory Business Centre, Isleworth 4,000
  Richmond upon Thames Richmond and Sudbrook 3,000 10,000 1,000
  Merton Weir Road Industrial Estate, Wimbledon 10,000
(1) Areas have been rounded to the nearest 500m(2). (2) Properties which cannot be classified as being used as office, retail or industrial space. The types of ‘other’ usage includes: clubs, hotels, educational and medical centres car parks, leisure facilities, and palaces (for example, the Palace of Richmond). (3) These estates contain some residential properties. The Blackheath and Eltham estate has 130 residential tenancies. The Richmond and Sudbrook estate has 51 residential tenancies.

This information (excluding the information on London boroughs) is also published in the “Schedule of The Crown Estate’s properties rights and interests December 2011”, available on the Crown Estate’s website at:

www.thecrownestate.co.uk/media/206857/schedule_of_properties_rights_and_interests.pdf

HM Treasury is charged with general oversight of the Crown Estate’s business, including information about significant business developments and investment strategy, and does not hold information on individual properties.

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