Head of king’s property portfolio given 20% pay rise to £1.9m

Head of king’s property portfolio given 20% pay rise to £1.9m

Crown estate reward for Dan Labbad comes amid doubling of profits on back of offshore wind developments

King Charles’s property management company has given its chief executive a pay increase of almost 20% after tripling his pay packet over the previous three years.

The crown estate, the royals’ ancient portfolio of land and property across England and Wales that includes the seabed around its coasts, paid Dan Labbad almost £1.9m for the last financial year amid a rise in profits powered by offshore wind developments.

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