The Duchy of Cornwall is pleased to announce the acquisition of a new property in Milton Keynes. The purchase of a 117, 000 square foot store, situated on Patriot Drive in Rooksley, was completed on Thursday 13th August 2015. The store is let to B&Q.
The property is valued at £35million and follows the purchase of a distribution unit in nearby Brinklow in 2011. Both acquisitions reflect the Duchy's strategy to improve the balance within its overall property portfolio.
Including the new acquisition in Milton Keynes, the Duchy now owns 14 significant commercial properties held as standard investments but the majority of the estate consists of agricultural holdings, residential lettings and development sites such as Poundbury in Dorchester.
Writing for the Duchy's Annual Report this year, Secretary and Keeper of the Records, Alastair Martin said: "Over the next few years the Duchy aims to increase the revenue surplus at least in line with inflation. Given the economic difficulties facing the agricultural sector and the continuing need for forward-funded infrastructure at the Duchy’s key development sites, meeting this target will be challenging. Further diversification within the portfolio will be sought where possible to underpin revenue growth."
The Duchy of Cornwall has revealed its achieved Gold Carbon Literate Organisation status, after over half of its employees have become individually certified as Carbon Literate by The Carbon Literacy Project. The news follows the Duchy sharing its ongoing work with agricultural tenants to bring down the Estate’s emissions in order to achieve net zero by the early 2030s.
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The Duchy of Cornwall has revealed how it is supporting farming tenants and land managers to achieve a net zero Estate by the early 2030s. This will contribute to the delivery of the Estate’s vision of Sustainable Stewardship for Communities, Enterprise and Nature.
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Last weekend, the Duchy of Cornwall commenced work on the Wistman’s Wood expansion and regeneration landscape scale plan. The plan, which has been in the making for over two years, works with natural processes to expand Wistman’s Wood to bring about its increased resilience and enhance the surrounding areas.
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