In his 70 years as heir to the throne, King Charles III's forays into real estate have been something of a roller coaster ride. He has been criticised for airing views about architecture that saw a major national museum project altered and changed the design of one of London’s largest residential schemes. A commercial property fund he once backed had to be rescued from administration in order to save the then-prince blushes. But some of the new king's ups and downs are instructive — that rescued fund, for example, was looking to buy and build sustainable property assets long before it was commonplace in the world of commercial real estate. In his role as Prince of Wales, Charles was an early and outspoken proponent of sustainability and what has come to be called placemaking. The property world has now come to him.
It was in the field of architecture and design that King Charles made his first public pronouncements on his views about the built environment. He famously described a proposed extension to the National Gallery in Trafalgar Square as a "monstrous carbuncle on the face of a much-loved friend" in a… Read the full story here. |