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Regent Street may see development

Regent Street may see development
Date: 2/16/2010

Buy to let commercial mortgage holders may be interested in claims that some of London's Regent Street outlets could see new investors.

Chief executive of Crown Estate, which has owned many of the street's retail outlets for hundreds of years, Roger Bright spoke to the Daily Telegraph.

He told the publication that the company is looking at ways to develop the area and could see funds arise from "radical options".

Possibilities include a third party joining a new development project or selling part of the portfolio.

"I think the important point for us is that we will choose very carefully partners who share our values and objectives and who would be in it for the long term," Mr Bright explained.

He added that he wants to make the area "a desirable office location".

The Crown Estate notes that its property portfolio includes ancient forests as well as city buildings, coastline and parkland.

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