Prince William Plans to Sell 20 Percent of Duchy of Cornwall Estate

Prince William plans to sell 20 percent of the Duchy of Cornwall estate over the next ten years. The Times reported the sale will generate funds for investment in housing and nature projects. The Prince of Wales will consolidate holdings around five core areas: Cornwall, Dartmoor, the Isles of Scilly, the Bath area, and Kennington in South London.

The estate has been under his control since his father became king in 2022.

$215 million will go toward housing projects in the Isles of Scilly, Cornwall, and Kennington. The goal is to create between 10,000 and 12,000 homes by 2040. An additional $161 million is planned for workplaces and economic development in the five regions. Environmental recovery schemes will receive nearly $27 million, while wildlife projects will receive nearly $360 million.

Cornwall was established in 1337 to provide income for the heir to the throne. 5 billion and generates nearly $27 million annually for Prince William. Duchy of Cornwall chief executive Will Bax said the estate should exist primarily to create positive impact.

He stated that areas without opportunities for social or environmental benefit may be sold. Prince William said the estate is not a traditional landowner and aims to improve living conditions in the regions where it operates.