Putting his money where his mouth is.

When Prince William, the Duke of Cornwall, says that he advocates a ‘modern’ British Royalty, in tune with the times, he may just mean what he says.

A report has arisen today saying that the heir to the British throne will sell off ‘a fifth of the Duchy of Cornwall’ in the next ten years.

William reportedly plans to invest £500 million ‘in tackling the housing and nature crises.’

The Times reported:

“Will Bax, chief executive of the duchy, said the next decade would be an era of change after William decided the duchy ‘shouldn’t just exist to own land. It should first and foremost exist to have a positive impact on the world’.

[…] The majority of William’s private income comes from the more than £20 million a year in profit he receives from his 54,000-hectare private estate, called the Duchy of Cornwall.

The £1.1 billion holding, spread across 21 counties, has been bestowed on every heir to the throne since the 14th century.”

“[Bax] said William planned to invest £500 million, made up from land sales, development income, partnerships and borrowing, into his priorities over the next decade. This includes pumping about £160 million into housing solutions, such as building much-needed affordable homes in the Isles of Scilly, Cornwall and Kennington.

Through a portfolio of land owned on “urban fringe locations” the duchy also hopes to ‘unlock about 10,000 to 12,000 homes between now and 2040’, Bax said.”

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The post BUILD AND CONSERVE: Heir to the British Throne, Prince William Plans to Sell 20% of His Duchy of Cornwall Lands and Use the Money To Tackle Housing and Environmental Crises appeared first on The Gateway Pundit.