Prince William, now the 25th Duke of Cornwall, announced a sweeping restructuring of the Duchy of Cornwall that will see roughly 20% of its land sold over the next decade.. The proceeds are earmarked for a £500 million investment programme targeting housing shortages and environmental upgrades across five key locations.

£500 million overhaul targets five regions

The Prince’s blueprint allocates the bulk of the new capital to Cornwall, the Isles of Scilly, Dartmoor , the Bath area and Kennington in south London. According to the report, each zone will receive tailored funding to boost affordable homes, protect natural habitats and improve local infrastructure.

One‑fifth of the Duchy slated for sale by 2034

Sources say the Duke intends to divest about a fifth of the billion‑pound estate within the next ten years, a move that could reshape the rural‑urban balance of the holdings. The plan , described as a “shake‑up” by the soource, aims to generate the cash needed for the £500 million rollout.

Cornwall and Isles of Scilly earmarked for housing push

In the southwest, the Duchy will focus on creating new affordable units on both the mainland and the Isles of Scilly,where housing costs have surged in recent years. The source notes that the Prince hopes the initiative will set a template for other coastal communities facing similar pressures.

Duke’s plan ties estate income to royal family’s expenses

The income from the Duchy traditionally funds the official, charitable and private lives of Prince William, Catherine, Princess of Wales, and their three children. By redirecting a portion of that revenue into public‑benefit projects, the Prince is linking the estate’s financial health directly to national housing and environmental goals, the report adds.

Who will buy the divested parcels?

The source does not identify any prospective buyers, leaving open whether private developers, local authorities or community groups will acquire the land. clarification on the sale process and any safeguards for heritage sites remains pending.