Crown estate makes more than £1bn profit for third year running

King Charles's property management firm rakes in 1.2bn as it continues to benefit from offshore windfarm boom

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King Charles's property management company has made more than 1bn for the third consecutive year thanks to the boom in offshore windfarms paid for through energy bills.

The crown estate, the royals' portfolio of land and property, reported 1.2bn in profit for the last financial year, almost three times the amount it made three years ago. Two-thirds came from the offshore wind industry.