×
3 413
Fashion Jobs
REISS
Brand & Comms - Marketing Manager
Permanent · LONDON
HEAD OFFICE
Digital Product Manager – Identity And Account
Permanent · LONDON
HEAD OFFICE
Senior Marketing Planning Manager – John Lewis Financial Services
Permanent · LONDON
HEAD OFFICE
Buyer, Waitrose & Partners (Level 7)
Permanent · BRACKNELL
JOHN LEWIS
Loss Prevention Partner
Permanent · DARTFORD
HEAD OFFICE
Buyer, Waitrose & Partners (Level 5)
Permanent · BRACKNELL
SELFRIDGES
Product Manager
Permanent · LONDON
NEW LOOK
Sales Manager
Permanent · METROCENTRE
FRASERS GROUP
HR Business Partner
Permanent · SHIREBROOK
EVERLAST GYMS
General Assistant - Everlast Fitness (Maternity Cover)
Permanent · ROYTON
PHV
Marketing Executive, UK, Ireland & Nordics (Tommy Hilfiger)
Permanent · London
JIGSAW
Warehouse Operative
Permanent · SWINDON
TJX EUROPE
Loss Prevention Graduate Programme (2023)
Permanent · Grand Londres
ZARA
Visual Merchandising Manager (Kidswear) - Zara - Kingston
Permanent · KINGSTON UPON THAMES
SELFRIDGES
Loss Prevention Inventory Analyst
Permanent · LONDON
HUGO BOSS UK LTD.
Finance Analyst - Retail
Permanent ·
DR. MARTENS
Senior Treasury Analyst
Permanent · LONDON
HARVEY NICHOLS
Press & Marketing Manager - Liverpool
Permanent · LIVERPOOL
FARFETCH
CRM Manager - Farfetch Platform Solutions
Permanent · LONDON
HEAD OFFICE
Senior Business Analyst – Home Insurance
Permanent · LONDON
HEAD OFFICE
Buyer, Waitrose & Partners (Level 7)
Permanent · BRACKNELL
HEAD OFFICE
Buyer, Waitrose & Partners (Level 5)
Permanent · BRACKNELL
Ads
Published
Dec 11, 2015
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Crown Estate has £800m worth of empty properties in London

Published
Dec 11, 2015

Housing continues to be a problem in London, with many new buildings only catering to the city's wealthier inhabitants. Now business newspaper City A.M. has revealed that The Crown Estate, which is owned by the Queen but managed by an independent organisation, is sitting on empty properties worth £800m in the capital.

New West End


These consist of 312 vacant properties in the Greater London area. “We’ve been saying for some time that empty publicly owned properties are an important part of the solution to the housing deficit, but the sheer total is a pretty astonishing value,” Russell Quirk, chief executive of online estate agent eMoov, told City A.M.

Based on the size of the average London flat, this vacant space could create 546 new flats. However, The Crown Estate says most of these buildings are either under development, already demolished, or being let. “We operate in effect like a commercial property developer, so it’s quite natural that we’re taking back leases and redeveloping those assets,” a spokesperson said to City A.M.

But the newspaper discovered that dozens of The Crown Estate's properties have been empty for years, with 46 having been vacant 1,000 days or more. For example, a 6,000 ft² space on Air Street, valued at over £6.5m, has been empty since 2007.

It is estimated that London has about 22,000 empty properties in total.
 

Copyright © 2023 FashionNetwork.com All rights reserved.