Crown sells off huge portion of Savernake Estate
9:10am Monday 18th March 2013 in News By Anna Mauremootoo
The Savernake Estate
The Crown Estate has sold the majority of its Savernake Estate in Wiltshire to the owner of Ramsbury Estate for an undisclosed sum.
The 8,700 acre Savernake Estate lies to the south west of Marlborough and consists of predominately agricultural land comprising 25 agricultural holdings and 31 residential properties.
Ken Jones, Director of the Rural and Coastal Portfolio for The Crown Estate said: “The buyer is a well-respected local landowner with significant land holdings in Wiltshire and will make an excellent home for the Savernake estate.”
Steve Humphris, of Countryside Solutions, agents for the buyer said: “This purchase compliments our client’s established local land holdings and will provide continuity of estate management.”
The Ramsbury Estate already has significant land holdings in Wiltshire, including 900 acres of land purchased from The Crown Estate in 2012. The Crown Estate originally purchased Savernake between 1949 and 1952 from the Marquess of Ailesbury.
The Crown Estate is, by area, the largest commercial rural landowner in the country.
Its 360,000 acre portfolio includes farmland, forestry, housing and minerals, which raise money for the benefit of the nation; last year The Crown Estate paid £240 million to HM Treasury.
