LNB News 19/05/2025
Document Information
Issue Date: 19 May 2025
Published Date: 19 May 2025
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
The Crown Estate has announced its first major partnership under the Crown Estate Act 2025, entering into a £24bn joint venture with Lendlease. The partnership, enabled by the Act's expanded investment powers, will develop commercial and residential projects across the UK including 26,000 homes and 10m square feet of workspace. The venture represents the first significant implementation of the Crown Estate's new statutory authority to undertake large-scale property development partnerships, marking a substantial shift in its operational scope under the 2025 legislation.
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