New appointments to The Crown Estate Board

4C Offshore | Tom Russell
By: 22/07/2022 The Crown Estate
Anne Kavanagh and Clare Shine have been appointed to the Board of The Crown Estate with effect from 4 July 2022 for an initial period of four years.

Anne Kavanagh was recently named Chief Executive Officer of Telford Homes, a Trammell Crow Company developer. Prior to that she was a Board Member and Chief Investment Officer at PATRIZIA, where she helpws the company grow to manage more than €55 billion in real assets. Anne also sponsored PATRIZIA’s debut impact investment strategy - Sustainable Communities which launched with €125m of seed capital to invest in affordable and social housing across Europe. She has also held leadership roles at AXA Real Assets, Lazard, Cambridge Place Investment Management and JLL. She is a trustee of the Urban Land Institute and Global Board Member. She also serves on the advisory board of Cambridge University’s master’s degree in Real Estate Finance.

Clare Shine has worked across the world on sustainable development, organisational change and culture since 1990 and was appointed Director and CEO of the University of Cambridge Institute for Sustainability Leadership (CISL) in 2021. She is a UK-qualified barrister with experience as an independent environmental lawyer and policy adviser, including 15 years working on cross-sector marine and coastal strategy and planning, climate change and biodiversity. Clare was previously Vice President at Salzburg Global Seminar and is a member of the Santander X Innovation Xperts Board, an Associate of the Institute for European Environmental Policy, and a member of the IUCN Commission on Environmental Law and the World Commission on Protected Areas.

Robin Budenberg, Chairman of The Crown Estate, said: “I am delighted to welcome Anne and Clare to The Crown Estate Board. Reflecting the diversity of our portfolio, they bring a wealth of experience and expertise across a range of sectors, from real estate, investment and sustainability to climate change, biodiversity and marine management. This will be invaluable as we seek to deliver our strategy, informed by our purpose to create lasting and shared prosperity for the nation, and make a real difference to some of social and environmental pressures facing society alongside generating a strong return to the public finances.”

Anne Kavanagh said: “This is an exciting time to be joining The Crown Estate. I look forward to working alongside the Board and the leadership team as it seeks to transform the business around a refreshed purpose and new strategy, drawing on the strength and resilience of its diverse portfolio.”

Clare Shine said: “I’m delighted to join The Crown Estate and look forward to working with the Board and the leadership team to support its mission to create lasting and shared prosperity for the nation. At this pivotal moment, The Crown Estate can play a unique role in accelerating the UK’s transition to a greener and more socially inclusive future, spanning offshore renewables to the regeneration of rural and urban places.”

The recruitment of Anne Kavanagh and Clare Shine was made in accordance with the Code of Practice published by the Commissioner for Public Appointments. The positions are appointed by the Queen under Royal Warrant, following recommendation by the Chancellor of the Exchequer and the Prime Minister.

UK government recently gave six fixed offshore wind projects, with the potential to generate renewable electricity for more than 7 million homes, the green light to enter into an Agreement for Lease with The Crown Estate. The sites concerned have the potential to generated up to 8 GW of offshore wind power.

Earlier this month, (5 July 2022) The Crown Estate also announced plans to support the development of floating offshore wind farms in the Celtic Sea.  These project development areas will be offered to the market via competitive tender, to be launched in mid-2023. It is intended that these areas will deliver 4 GW of floating offshore wind power by 2035.

For more information on offshore wind farms worldwide, click here.