King Charles Inherits Bulging Royal Purse Thanks to Property Boom

Britain’s monarchy is spending more than in decades. A real-estate play is picking up the tab.

Many properties on London’s Carlton House Terrace belong to the Crown Estate. Jose Sarmento Matos/Bloomberg News

LONDON—King Charles III presides over a monarchy in robust financial health. Behind this is a booming real-estate portfolio of bucolic farms, wholesale warehouses and prime London offices that has helped cover a royal spending spree

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