Crown Estate Chairman Sir Denys Henderson said: "This was a creditable performance in a year where foot and mouth and the adverse impact on London rentals following the tragic events of September 11, on top of a slow down in the economy generally, had to be offset by positive management action."
Sir Denys said the commercial investment portfolio showed a total return over the year of 9.0%, against 7.0 for the Investment Property Databank (IPD) benchmark index.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
