The Queen Sells off Stake in Regents Street

The Queen is to sell off her holding in Regents Street in order to re invest outside central London to diversify her property portfolio. The Telegraph reports that ‘A stake in Regent Street, the world’s premier shopping street and now home to the likes of Apple and Ferrari, would be seen as a trophy asset for a foreign or domestic investors. Retail properties in the West End are already seen as attractive, with shops enjoying buoyant trading thanks in part to a weak pound boosting tourism.’

It is reported that the proceeds of the sale will be used for further redevelopment and to boost the area surrounding St James.