Queen Elizabeth II now has a majority stake in Savile Row, London. Her property company, The Crown Estate, just purchased a 64.2% holding in Pollen Estate, whose portfolio includes over 40 properties on Savile Row and Cork Street. Together with Norway’s central bank, Norges Bank Investment Management, The Crown Estate succeeded in outbidding 86 parties for the deal that amounts to approximately $640 million. David Shaw, head of CE’s Regent Street portfolio, justifies it as a “long-term investment” in their ongoing efforts to buy in high-end restaurants and retail locations. The Queen’s newly acquired properties, which make up one of the most expensive pieces of land in the world, now include stores for the likes of Chopard, Ralph Lauren, Barbour, Tiger of Sweden, Sunspel and more.
Get Updates Daily.
Follow our Twitter feed
We'll update you as we publish on our site. You'll get an update instantly!Follow @selectism
Get Updates on Facebook
We'll bring our best stories and photos direct into your newsfeed.
Follow us on Instagram