Dissington sold to the Crown Estate
King Charles’ property portfolio has acquired the 2,500-acre estate in Northumberland for £19.1m.
The estate was sold by Watling Real Estate. Middleton Advisors, Carter Jonas and Burges Salmon acted on behalf of the Crown Estate.
It had been put up for sale with an £18m price tag in March this year.
Dissington Estate is largely comprised of arable, pasture, and woodland. It also has five tenanted farms and a number of residential and agricultural buildings on its land, with an annual income of approximately £250,000.
Located between Ponteland and Stamfordham, the estate was at the centre of a planning row in 2017 when the newly elected Conservative administration in Northumberland quashed approval plans for a 2,000 home settlement championed by previous owners Lugano Property Group.
Designs for Dissington Garden Village included plans for housing, schools, and retail space.
The acquisition of Dissington marks the Crown Estate’s first rural estate purchase for 10 years.
Paul Sedgwick, managing director of Windsor & Rural at the Crown Estate said: “We are in a unique position to help our farmers prosper in a challenging environment and make a tangible, positive impact on the sustainable future of the sector in the UK.
“We hope this will be the first in a series of strategic acquisitions, allowing us to work in partnership with more farmers across the country.”
