Queen Elizabeth makes second foray into real estate

The Duchy of Lancaster, the private estate of the Britain's Queen Elizabeth, has invested nearly £10 mln (EUR 14.9 mln) in a new £200 mln property fund set up by venture capital provider and fund manager Palmer Capital Partners, British newspaper The Times reported. Palmer has raised £90 mln of equity and the Queen is investing alongside other wealthy investors and a variety of institutions. The surplus of the equity is debt provided by Bank of Scotland Corporate. One of the fund's first projects is the demolition of an old industrial estate in Buckinghamshire and the construction of a nursing home and offices in its place.

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