Howard de Walden Estate
The Howard de Walden Estate is a property estate in Marylebone, Central London in the United Kingdom owned by the Howard de Walden family. The Estate is worth £3.2 billion.[1]
History
The Estate dates from 1715 when Edward Harley, 2nd Earl of Oxford and Earl Mortimer, began the development of Cavendish Square in London, and the streets around it. This land had previously formed part of the Marylebone Estate of the Dukes of Newcastle. It had passed from Margaret Holles, née Cavendish, daughter of the 2nd Duke of Newcastle, to her daughter Henrietta Cavendish Harley. At the death of Henrietta's husband, Edward Harley, in 1741, this new Harley Estate passed to his only daughter, Margaret Cavendish Harley, who in 1734 had married William Bentinck, 2nd Duke of Portland. It was subsequently known as the Portland, and was handed down to successive Dukes of Portland. In 1879, the 5th Duke of Portland died without issue and his estates were divided between his sisters, according to the terms of the 4th Duke's will, and his cousin, who succeeded him as the sixth Duke. The Portland Estate eventually passed to the last surviving sister, Lucy Joan Ellis, who was the widow of the 6th Lord Howard de Walden, and has remained in this family since then.[2]
Property
The Estate covers 92 acres and holds the freehold to over 850 properties. The main area extends north to Marylebone Road and south to Wigmore Street.[3]
The Estate includes property on Marylebone High Street and Harley Street. In the 1990s the Estate took steps to revitalise the High Street, adding new shops including the Waitrose supermarket.[4]
References
- ↑ Estates Gazette, http://www.egi.co.uk/news/value-soars-to-3-2bn-for-howard-de-walden/
- ↑ The de Walden Estate, Kingsmead Community Website, UK.
- ↑ Annual Report 2014, http://www.hdwe.co.uk/uploads/Pages/Estate/HdWE%20Annual%20Report%202014%20NI.pdf
- ↑ Kay & Co, http://www.kayandco.com/news/blog/item/388-regenerating-marylebone-the-howard-de-walden-estate