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Crown Estate to sell Regent St

The Crown Estate is sounding out foreign investors over a potential sale of its £1.4bn swathe of property on Regent Street, it emerged yesterday. The Queen’s property group is considering a number of possibilities, including selling a stake in the entire street, a stake in a joint venture for a new development or a limited partnership. Among those investors being targeted are sovereign wealth funds, institutional investors from the UK or abroad, or pension funds from other countries. However, the Crown Estate said it would retain its control over the development and managing of the area.