The Crown Estate has partnered with Lendlease to develop key projects including a £1.8 billion Smithfield redevelopment in Birmingham. This joint venture involves a 50% stake by The Crown Estate and aims to unlock significant funds for various schemes designed to enhance housing and scientific innovation across the UK. Chancellor Rachel Reeves applauded the initiative, highlighting that it would help create over 100,000 jobs and approximately 26,000 new homes, thereby revitalizing urban areas and bolstering the economy.
"This includes creating the right environment for organisations like The Crown Estate and Lendlease to partner, helping us to unlock capital to get Britain building and get Britain growing."
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