The Crown Estate invests in Mayfair

The Crown Estate, the Queen’s property company, which owns assets across London’s West End, including Regent Street and St

James’s, is adding a slice of Mayfair after purchasing a majority stake in the Pollen Estate, which includes Savile Row and Cork Street.

Partnering with Norges Bank Investment Management (NBIM), The Crown Estate purchased a 64.2 percent stake in the Pollen Estate for 381 million pounds from the Church Commissioners for England, the charity that manages the assets of the Church of England.

David Shaw, head of the Regent Street Portfolio, said: "With the benefit of our partnership holdings in Regent Street, we recognised the long-term investment opportunity of the Pollen Estate holdings, particularly in their core streets of Savile Row and Cork Street.

“Together with NBIM, we look forward to working with the Pollen Estate board and other Pollen beneficiaries to build on the success to date. Savile Row and Cork Street have international reputations for their focus on tailoring and art galleries respectively and the success of these two streets is crucial to the ongoing success of London’s West End as an international destination."

The Pollen Estate is home to 43 properties including Ralph Lauren and Chopard.