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Rich List 2010
John Caudwell
Caudwell Holdings inside
page 8
6 Rich in the South East
Lord Foster 9 Rich in the West Midlands
Foster Holdings 11 Richest overseas
page 33
16 Number residing in each
region
18 Rich in Yorkshire & the
Humber
21 Richest in Wales
29 Rich by star sign
30 Rich in Ireland
36 Rich in the North West
38 Rich by decade born
43 Rich in the South West
47 Rich in the North East
47 Rich in the Channel Islands
all images: rex features

57 Five youngest
Gerald Ronson & Family
Heron 54 Rich in Scotland
Page 40 59 Rich in the East Midlands
60 Rich in the East of England

Property’s surviving super rich are marching in the right direction again: onwards and 61 Richest women
upwards. Two painful years wiped almost £30bn off their collective wealth, taking the top 250
property titans from a high of £98bn in 2007 to a low of £69bn last year. But, for most, the recovery is
now feeding through. The 2010 Estates Gazette Rich List scrutinised empires worth a total of £72bn –
still way below the peak of the boom but a not insignificant improvement.
Leading the charge are inevitably those with low borrowings and solid assets – witnessed by the
resilience of the big London estates such as Grosvenor, Cadogan and Howard de Walden, all of which
have seen their fortunes rise. But these centuries-old piggy banks are not the only ones in credit. Editor Julia Cahill
Assets acquired far more recently put consummate deal makers like David and Simon Reuben and Managing editor Alison Henry
Richard and Ian Livingstone among the top performers. Authors Philip Beresford,
Not everyone is seeing a recovery of fortune, however. The Irish feature heavily among those who fell Dominic Prince
several notches down the list. And they continue to be hammered. Many of the financial records and Sub-editor Alan Coventry
accounts that we use in the compilation of the list are historical, so events such as the restructuring of Layout Chris Gardner
Ireland’s property debts by “bad bank” NAMA (the National Asset Management Agency) can overtake us. Advertising Jonathan Lister
That said, the list provides an unmatched snapshot of how property’s elite stand in the wake of the
downturn. We hope you find it useful. If you have any comments, please contact our number cruncher For all Estates Gazette services
Dr Philip Beresford directly at philipberesford@aol.com. ring 0845 077 8811

Julia Cahill, deputy editor
Estates Gazette

20 November 2010 www.estatesgazette.com 3

1
estates gazette rich list 2010

sixth duke still
comfortably
number one

Grosvenor Group, the property
giant controlled by the 58-year-old
This was down sharply from its
£594m pretax losses the previous
£6,800m owned by various Grosvenor trusts
set up for the benefit of the family,
Duke of Westminster, is expected year, when it was still making The Duke of which is now headed by the sixth
to make around £55m from its joint provisions for the costly Liverpool Westminster duke, who stood down as chairman
venture development of 197 flats One development. Grosvenor Group of the board in 2007 after 33 years
2009: £6,500m
just behind the Tate Modern on The group has also built up a war in the role, although he remains
(+£300m)
Bankside. chest of nearly £1bn to return to chairman of the trustees.
Its success prompted Grosvenor global property markets such as The net asset value of the
to enter into a second joint venture Shanghai and other Chinese cities. Grosvenor Group fell sharply in
to pay £100m for the two-acre It has, according to chief executive 2009 to under £2.4bn.
Holland Park Comprehensive Mark Preston, “weathered the However, with the private
School site. Some 72 upmarket downturn well”. estates outside the group added,
flats will be built when the pupils He said that the group had been and with the top end of the London
vacate it in three years’ time. around for more than 300 years, housing market now in recovery
Grosvenor, which owns experiencing 20 recessions and mode (as the Tate Modern sales
swathes of Mayfair, Belgravia and more than 250 wars worldwide show), we raise our overall
Knightsbridge, reported pretax during that time. valuation of Westminster slightly
losses in 2009 of £236m. The Grosvenor Group shares are to £6.8bn this year.

4 www.estatesgazette.com 20 November 2010

£5,432m 2010-11. That figure is expected
to grow to £235m by the
David & Simon Reuben following year.
Aldersgate The Reubens have been active
2009: £3,300m (+£2,132m)
in the British property market
David and Simon Reuben are for the last decade after making
hoping to implement long- their fortune in Russia in the
standing plans to float their fast- 1990s, where they were dubbed
growing data-centre company, the “metal tsars” for their role
Global Switch, next year with a in restructuring the aluminium
value of more than £2.75bn. industry there. Their origins
The brothers are in talks with were anything but regal. Born in
banks including Barclays, HSBC, Bombay, they made their way to
Deutsche and Credit Suisse, London, where Simon, now 69,
about listing the business which went into property and David,
has soared in value recently. 72, started trading in scrap
The strong performance has metal. Their foray into Russia,
been spurred by regulatory which ended in 1999, earned

2
requirements that have increased them at least £1.3bn.
the need for companies to Today, their vast interests
retain more data and back-up IT include a 29.5% stake in
facilities as part of their disaster racecourse owner Arena
recovery plans. Leisure, and the joint venture
Global Switch has centres Merchant Square development
in London, Amsterdam, Paris, in Paddington. They have
Frankfurt, Madrid, Sydney and extracted hefty profits from
Singapore, covering almost 3m property investments sold
The sq ft. It lets space to big blue-chip
companies such as IBM, Microsoft,
before the market crash.
Their two main companies,

reubens Shell and BP.
The business, one of the
Aldersgate and Reuben
Brothers, are now valued at

make brothers’ most successful
investments, has less than £80m
more than £5.5bn. Despite the
recent failure of their Sapphire

billions of debt and is on track to generate
underlying earnings of £175m in
Retail Fund, other assets take
the Reubens to £5.432bn.

£2,500m
Earl Cadogan & Family
The Cadogan Group
2009: £2,000m (+£500m)
Earl Cadogan is confident that
the property company which runs
his 93 plush acres in Chelsea has
the “fundamental resilience” to
come through the deep property

3
downturn.
It recently began drawing up
plans for a 100,000 sq ft office
development above shops on
desmond o'neill features

Sloane Street.
The 2009 accounts showed
a rise in net assets from £2.1bn
to £2.3bn, though profits fell
slightly from £40.4m to £38m.
The crowning glory is the new
£150m redevelopment of the
old barracks and sports ground Second Baron Cadogan of Oakley. The Earl and Countess the Cadogan estate. Cautiously,
at Duke of York Square on The present Earl Cadogan, Cadogan, at the launch of with recovery in the air in the
fashionable Kings Road. 73, began his career at merchant the 2009 Derby Festival upmarket London acreage, we
The foundation of the Cadogan bank Schroder Wagg and took on value the business on its net
Estate was laid in 1713 when the the management of the family’s assets figure.
physician Sir Hans Sloane bought property portfolio in 1974. Past dividends, quoted
the Manor of Chelsea. Having inherited the title investments held by the separate
In 1717, Sloane’s younger from his late father in 1997, Cadogan Settled Estates, personal
daughter, Elizabeth, married Cadogan has presided over a hefty property and estates should take
Charles Cadogan, later the investment programme covering Cadogan to £2.5bn.

20 November 2010 www.estatesgazette.com 5

estates gazette rich list 2010

4
Eddie & Sol Zakay
£1,900m
The Topland business, built
with his brother Eddie, will
remain in the UK. Eddie, 60, is
operations in media, hotels,
property and retailing have had
mixed fortunes in the recession,
to become chairman of the UK we can see much higher net assets
Topland Group businesses and stay in England. of more than £2bn in their four
2009: £1,500m (+£400m)
Sol, 58, will concentrate on main but separate companies led
Topland Group swung from a finding global opportunities. by Ellerman Investments, which
£29m loss to a £5.3m profit in Topland has also spent £289m had £728m net assets in 2008.
the year to May 2009. It should buying supermarkets in Spain, With economic recovery, we
see further improvement this year and has become involved in a raise our valuation of the Barclays
after taking advantage of renewed £1bn housebuilding fund in to £1,800m, which takes account
investor appetite by concluding a India to target the country's of both personal assets and
number of UK property sales. burgeoning middle class and its borrowings in their empire.
The Zakays launched their demand for home ownership. It
business during the 1980s’
property boom before expanding
has £1.2bn in the bank.
6 £1,650m
into the American and Middle
Eastern markets. They made
much of their fortune in the UK
5 £1,800m
Sir David & Sir Frederick
Ian & Richard Livingstone
London & Regional Group
Holdings
in a series of multi-million pound
deals with chains such as Marks & Barclay 2009: £1,400m (+£250m)
Spencer and Tesco. Ellerman Investments The Livingstone brothers have
2009: £1,000m (+£800m)
The Zakays have around 146 been stepping up their activity in
directorships and their total The Barclay brothers are the UK property market over the
portfolio world-wide has been investing in a vineyard on the past 18 months.
valued at around £4bn. In all, island of Sark with the hope of Their London & Regional
after stripping out borrowings, the producing a vintage worthy of the business has recently teamed up
Zakay family should still be worth wine list at their exclusive Ritz with Chelsfield Partners to buy a
£1.9bn in the current climate. Hotel in London. stake in the £1bn redevelopment
Sol has quit Britain after the Their mission is so serious that of Elizabeth House in Waterloo,
introduction of a 50% tax rate they have recruited a leading and the brothers have added to
on high earners. He recently Bordeaux winemaker to take their hotel empire with the £50m
resigned as chairman and chief charge of the project. It is a purchase of the Marriott Marble
executive officer of Topland sign of how much the brothers Arch hotel.
Group and the UK Topland are determined to make their They should be well cushioned
companies to join the group’s extensive assets “sweat.” against the worst effects of the
offshore parent company as a At the same time, their Home recession and credit crunch,
consultant. Delivery Network bought the having taken £619m in dividends
parcels division of DHL to create since 2007 from their Loopsign
a £600m turnover operation company.
Richest in the South East which will be a strong competitor Ian, 48, who began life as an
No Name Wealth (£m) to Royal Mail. optician, purchased and built up
1 The Duke of Westminster 6,800 The oncelow-key Barclays have the David Clulow chain which
2 David & Simon Reuben 5,432 become much more prominent now owns more than 50 opticians
3 Earl Cadogan & Family 2,500 in British business since and is overseen by the Optika
4 Eddie & Sol Zakay 1,900 their £665m purchase of the Clulow Group, which he still chairs.
6 Ian & Richard Livingstone 1,650 Telegraph Group in 2004. Younger brother Richard,
7 Mark Pears & Family 1,600 The twins, 76, started on the 45, was a chartered surveyor for
8 Poju Zabludowicz 1,500 road to wealth in the 1960s Richard Ellis, now CB Richard
9 Baroness Howard de 1,400 London property market. Their Ellis, and the pair formed
Walden & Family first coup came in 1983 when they Sir David Barclay London & Regional in the early
12 Viscount Portman & Family 1,000 bought the Ellerman Lines for 1990s, buying distressed assets
13 Bernard Lewis & Family 920 £48m. They later sold the assets in the midst of the commercial
14 Gerald Hines 800 making over £250m. property crash.
16 Benzion Freshwater & Family 732 They made a £100m profit on The brothers shun publicity
17 Lord Sugar 730 the sale of a separate shipping but their empire stretches
20 Jon Hunt 660 line and another £100m from from Russia in the east to the
23 Richard Caring 600 backing Sir Philip Green in the Turks and Caicos Islands in
23 The Jatania Family 600 break up of Sears in 1999. the west. They own more than
25 Sir Donald Gordon & Family 530 By some adroit deals in 60 hotels with around 10,000
25 Sir Anwar Pervez & Family 580 retailing, they gained the valuable bedrooms, more than half of
29 Chris Lazari 522 Littlewoods mail order business for Cape Town’s V&A Waterfront
31 Leo Noé & Family 500 a total outlay of around £340m. shopping development,
Although the Barclays’ main Sir Frederick Barclay and a string of health clubs

6 www.estatesgazette.com 20 November 2010

Zabludowicz holds a Finnish with the launch of Synova Capital. We value it at £750m. Past dividends and other assets take the Livingstones to £1.000 to the Tamares Real Estate Investments but there are at least 23 separate Tamares Real Conservative Party last autumn to and Ivory Gate. modern art collector and on the Pears family at the beginning of Most of the defence interests have board of several Jewish/Israeli this year with a £475m price tag. built the family business such as card payment technology Scotland – including the Strand around Soltam. Its net assets fell sharply to £690m.including David Lloyd Leisure. Clive Pears. The family empire was started by the grandfather and father of the Pears brothers. flats. The price was around £250m less than LandSec had hoped to achieve. The deal reflects the strength of cash-rich groups like the Pears in a difficult market. in the West and counts Bill Clinton The Pears are also not short Zabludowicz. we believe economic recovery. Zabludowicz campaigns The value of their entire portfolio has diversified into Las Vegas to improve the portrayal of Israel has been put at £6bn.600m William Pears Family Holdings 2009: £1. in London for most of his life.500m Property magnate Poju Zabludowicz gave two donations for around £120m. a holocaust Equity investments in areas buildings let to Royal Bank of survivor. Loopsign's 2009 profits came in at £12. small UK companies. The low-key London- based brothers are backing a new Home and Savings Bank to the tune of £50m. A portfolio of more than 50 His father Shlomo. 7 Mark Pears & Family £1. The move comes after they pulled off a coup in January 2009 by buying the Trillium 8 outsourcing business for £750m from Land Securities. New entry The family also owns fund passport.500m (+£100m) The Pears family is moving into banking.3m sales. has sold many and Shimon Perez among his of a bob or two. we nudge the the Princess Arcade on Piccadilly Zabludowicz is worth £1. dealmaker. merging it with their own Telereal operation. (UK) chest.6bn.com 7 . but has lived and worked an £80m fund which will invest in management group Talisman. Pears up to £1. The three young Pears were propelled to run the family empire when their father and ace magnate plays his cards right. who is a major – was put on the market by the supplier to the Israeli military. an Israeli defence have also proved lucrative for HQ of top private bank Coutts contractor that was a major Zabludowicz. evidence of asset wealth in his and nearly £82m in 1996. Zabludowicz has companies which showed around Estate Investments help swell the party’s election war.. Though there is little of £40m in the last four years holds some downtown real estate. Poju Zabludowicz totalling £100. and office blocks. in 1952. died in his early 50s. now been off-loaded and the family charities. property and hotels. He had assembled a Hampstead- based property empire that now embraces thousands of London homes..estatesgazette. With He recently sold a property called British companies. also moved into private equity £835m net assets in 2008‑09. 20 November 2010 www. 57. £1.5bn. with dividends of his Las Vegas assets but still friends.65bn. He has a number of companies including William Pears Family Holdings. Mark is managing director of the main company.1m on £390.

060bn. In the 1980s.000 to £15. had been expected for the Stoke. 9 real estate companies and John Caudwell’s buying spree bouncer. looks to an early move into the fledgling a Catholic priest but went into have been well timed. he fought a long and John Caudwell his Caudwell Group in 2006 to player in the European mobile sometimes bitter battle to take Caudwell Holdings Providence Equity Partners for phone industry. London values. which share is worth £660m. sum to take a 51% shareholding the airport business has recently While waiting for his Michelin in Caudwell Marine. for example. covers ports. Caudwell was the biggest independent moving into property. Portman Estates 2009: £950m (+£50m) buildings that had not been With an uptick in central traded in more than 470 years. He’d quit school Caudwell. which owns took his first job as an engineering operation to Vodafone for £405m. Peel’s It was in 1970 that Caudwell his Singlepoint customer billing airport business. Marylebone landlord Howard With £32. net asset figure was £1. Airport Services. has retained a saw its losses widen from £4. to £13m in the year to March A-Levels with a burning desire to He has also paid an undisclosed 2009.estates gazette rich list 2010 upwardly mobile tycoon 11 John Whittaker £1. who is famous for developing the Trafford Centre. Peel Holdings (TCL) 9 £1. add another £150m for past Buckinghamshire countryside. the family has clocked up more than £266m dividends. 68. having sold When he sold up.25bn and we farmland and woodland in the £30m profit. However. should take him to £1.46bn. to name but a Viscount Portman £34m for a block of 14 period few of its developments.com 20 November 2010 . £1. mobile phone industry in 1987.060m Peel Holdings 2009: £1. family after tax.000m Viscount Portman & Family year. when he spent £80m on properties to serious money came through Whittaker. it showed up-to-date values for dividends and other property Home to an organic herd of 200 its estate for the first time and the assets to the Howard de Walden pedigree South Devon cattle. 2009: £1. de Walden Estates jumped at the opportunity to buy in more Harley Street property earlier this it is highly active in property development round the country from Guildford to South Wales 12 £1. nearly became in London and elsewhere.4m in the same property and the quoted stakes. airports. we reckon the Viscount Portman’s Burtley In 2008-09. Eventually he became a energy – including a 28% stake in the last three months of 2008. on. it is Portman’s latest venture. which has found a strategic partner to help apprenticeship to start. The family trusts and Peel Holdings (Land and Property) showed £1.070m (+£330m) period.estatesgazette. he swept developed a new propulsion it weather the drop in traffic. More significantly.4m net assets. pottery floors. including personal Howard de Walden Estates £187.2bn of assets in 2008-09. Whittaker’s two main companies. The business empire amassed by Whittaker. successful car dealer but his path in UK Coal. get out. Liverpool John Lennon airport.6m the year before after a term of financial interest in Phones4u. worked at a system for the recreational selling a 65% stake to Vancouver steel factory and as a night club boating market. years previously he had sold off by the recent recession.248bn. The Peel Holdings development will become the northern home of the BBC next year. His & Family saw its profits rise sharply from other assets. apprentice. the quarrying business before £1.400m But he could easily afford to take such a gamble. Howard de business assets of the family Estate consists of 2. Whittaker’s also own Welbeck Land.400m Baroness Howard de Walden In the past 15 years. Two He has not been unscathed based mobile phone operation.24bn at the sale price.360m (-£300m) The £600m MediaCity scheme at Salford Quays in Greater Manchester is the latest jewel to be added to John Whittaker’s crown.000 acres of Walden Estates made a near are now worth £1. a far higher price than the business was worth around Company. It paid the Crown Estate and Manchester. up and rich. 58. His 85% stake in over the Manchester Ship Canal New entry £1. 8 www.

There are few signs of paid £5 a week on a weekly been based in Mayfair and is now family wealth in two companies. 167 Con Folkes & Family 85 The group manages more 170 Bill Morris & Family 82 than 120m sq ft. 225 Andrew Ruhan & Family 53 Bernard Lewis In the current climate. which showed Gareth Clutton. In 201 Jim Leavesley & Family 65 2000. 40 Tony Gallagher 425 bringing fine architecture to the 41 Roy Richardson & Family 400 commercial market. has been finding The Lewis family. trade. joint venture to bring forward chairman Bernard Lewis.000 acre Herefordshire estate. By the ambition to make money was the Herefordshire estate and a mid-1960s. within four years. with the Kings Road present from an early age. 55 Bob Edmiston 320 From London.000 net assets between shop. another bomb site in Holloway. 84. In 1987. Having rejected called Brickleton Group and tenure. Early customers for the beef include 13 Bernard Lewis & Family £920m and.400 known property entrepreneurs. around half of 196 Woon Wing Yip & Family 67 which is Hines-owned.estatesgazette. in Chelsea seen as the centre of first proper job was selling fans fashion. and his £50m for family assets including designing his own clothes. Portman’s principal Lewis Trust Group in 2009. on now completing a £400m office them. a Forbes analysis suggested 209 Paul Bassi 60 that Hines was worth around 225 Fred Pritchard & Family 53 £1bn. He was 22 years old. His holiday home in Antigua. the chain was renamed and blowers for office buildings Chelsea Girl. We add another In the mid-1950s. Waitrose and the Hyatt Churchill River Island profits fell 15% Hotel. all the Chelsea Girls had been rebranded as River Island. tried his hand at the greengrocery Gerald Hines. Dividends and other plenty to get his teeth into. which sits at the gateway to the Portman whose seven decades in retail began when his parents ran a fruit shop and aged ten when he 14 Gerald Hines £800m Village shopping streets. In 1948. the opportunity to build the Portman Settled Estates. we raise the estate numbers grew and the Lewis steelworker and a schoolteacher valuation to £950m in the Separates chain was born. after being Hines 2009: £800m (No change) Portman. estate and the central London soft fruits. His first venture in 1946 big projects. scheme over London’s Cannon With the improvements on the and soon textiles won out over Street rail station. running one of the Other assets include a share was a corrugated iron and timber largest property operations in the in commercial properties in shack on a bomb site on north world. called The Wool Shop.5m though sales nearly £404m net assets in 2009. the first in Houston. helm of the property company rose from £966m to £1. which £420m. He For the past 10 years he has in Florida.complementing his 3. Years later. We value the company at two years ago.000 acres at Wagga Wagga. was left in charge of the till. Indiana. The owns the retailing to property property assets should add estate has been busy forming a and hotels group. 52. profits fall sharply in 2009 from all the business. tenancy. owns a clutch of demobbed from the RAF at the rather obscure assets.com 9 . is headed by perhaps £500m after tax. Australia. He grew current climate. 20 November 2010 www. with no security of active in Britain. As well as the London estate. But in 1952. we keep him at £800m. with Next came a knitting wool original Canary Wharf. Lewis started up in the Depression. a mixed-use redevelopment of Marble Arch House. Forbes 111 Peter Horton & Family 135 magazine reckons that Hines has 142 Eric Grove 110 put up more steel and concrete 152 Simon Clarke & Family 100 than any other American 160 The Marquess of Northampton 90 developer. and half 198 Rupert Mucklow & Family 66 is on behalf of third parties. and possibly a lot more. Hines is £500. Hines Rich in the West Midlands River Island store was opened started out in property and No Name Wealth (£m) became one of the world’s best- 9 John Caudwell 1. including end of the second world war he Celebrated American developer 17. Hines 93 Sir Euan Anstruther-Gough 160 spearheads expansion across -Calthorpe & Family Europe and the world. who took the £108m to £60. The from silver spoon as the son of a of revival. from Gary. reflecting the highly 2009: £920m (No change) property holding – 110 acres competitive retail market. Manhattan and Palm Beach London’s Holloway Road. The of prime London estate – is The Lewis Trust group saw its Lewis family and trusts own undergoing a huge upgrade. knows all about in New South Wales. the first Hines’s start in life was far property market showing signs clothes shop was open. 84.02bn.

The £1. But following the £125m sale of around £410m of net assets in Amstrad in July 2007. Sugar family companies including should have received around £36m for his Stadium Holdings.4bn in September 2008. Work started and Spain. £470m debt in the sale price). it should easily be worth which had been created in 1935 it to £732m. in 1996 and it has been granted permission for an extension. Benzion double counting on our part has never been shy about his Freshwater. But Mayfair is where crown is CentrO. at £376. Germany. we can see and 1990s. £300m on its own in the current to exploit Dutch East Indies difficult climate. The value of its net partner in February 2009. every year and it is still entirely before the second world war as a To the £695m business wealth. Aside from the stake in Daejan. 62. 62. managing director. 72. we can see three other The heir to the throne’s intervention in plans to build Benzion Freshwater & Family main companies. A Hackney tailor’s son. Chairman and in 2008-09. tenants. assets also fell from £272m to £203m. shopping centre built on 196 In addition he has £150m of cash. around £420m for Brown in 2009. Freshwaters to perhaps £370m. When he died in 1976. which became a leading With some of the Meadowhall consumer electronics group in the 1980s proceeds reinvested.000 18 Prince Charles £680m for any double counting. Europe’s largest Amshold has been a hefty investor in property. which was built Freshwater’s s father. recently put two of his Mayfair value reflects what a goldmine properties on the market with a £130m price Eddie Healey and partner Paul tag.17bn sale Sugar.5m. was created a life peer by Gordon Eddie.estatesgazette. said that it had “long-term faith in so British Land took a sizeable the property market”. We have ignored a host of Dorchester. reflecting a return to 2006 prices. we add £37m for past dividends With its success and scarcity In 1957 he took over Daejan to the Freshwater family. snapping up a £35m Spanish hotel But the jewel in Healey’s in 2009 for just £2.5m. We value Sugar at £730m. overall the figures are down from Sugar certainly has not lost his eye for a £650m net assets in 2007. Benzion Freshwater has 292 Duchy of Cornwall 16 2009: £520m (+£160m) directorships in a complex web of £732m companies. bargain . which is Amstrad stake.estates gazette rich list 2010 15 Eddie Healey & Family £750m sugar sweet 17 £730m Stadium (Holdings) 2009: £750m (No change) on mayfair Lord Sugar Amshold Group British Land sold a 50% stake in properties 2009: £730m (No change) its Meadowhall shopping centre near Sheffield for £587. Even so. penniless refugee. on view at Poundbury. knighted in 2000 for services to of Meadowhall in 1999 netted business. his business activity the 2008 accounts of four Healey is largely concentrated on property. Eddie Healey should be worth perhaps £750m. allowing plantations. a modernist scheme on the Daejan Holdings Metropolitan Properties and prime Chelsea Barracks site was 2009: £495m (+£237m) Centremanor. which holds Sugar’s property £1. Sugar his 60% stake (taking account of made headlines with his Amstrad operation. that Sugar. interests. he was London’s biggest private landlord with 20. and personal acres of an old steelwork site on assets including property in London. Some 20m people visit it arrived in London three days safety margin on these figures. Sykes created. Osias. In all.7m. minor companies to allow a on Duchy of Cornwall land 10 www.9m to £4. but allowing for But Prince Charles. His own taste is London-based property group. started in 1968. which had described as “unwelcome” by a Daejan Holdings is now valued £720m net assets between them high court judge earlier this year. Showing his confidence hit with the sale. He has at least £400m worth of slightly up on last year.7m to BBC’s Apprentice TV show host Lord Sugar saw investment company London & profits at his Amshold Group slashed in 2008- Stamford and an unidentified 09 from £78. and his family and any charitable stakes cuts preference for more traditional have a 79% stake in trusts in the the net assets attributable to the architecture. Meadowhall was valued at Amshold. 62. although property held either via Amshold or overseas. owned by the Healey family. outside That stake is now worth £325m. Florida the Ruhr. Highdorn.com 20 November 2010 . taking value.

including one job as Mitchell had left Scotland for looked back and has taken his a car washer in California. was added. the environment and town planning. including his mansion. Surrey. Foxtons has had 4%. but his Bermuda in 1947 disgusted with development work overseas talent for business came through the way his mining and railway to Portugal and Florida. while her father in 2008-09. Hunt also took Foxtons or vast ranches round the globe £24m. 75. 20 and tested his ideas about Richest Overseas/ Isle of Man/Monaco architecture.000 acres 21 Peter Green £650m £664m after the dip in 2008-09. sale price. Green was effectively With economic recovery starting. putting pressure on the loan. tracts of land cheaply. PE Jones (Properties). around £660m. Hunt is now worth and then tragically. He never employment. following that through a Cypriot company. £660m No Name Wealth (£m) The Duchy. ex-Foxtons 28 Jim Mellon 530 2009: £660m (No change) delivers its annual income to 62 Alan Lewis 250 Price Charles in his capacity as Since the collapse of Lehman 79 Alan Murphy 190 Duke of Cornwall but he cannot Brothers. and Switzerland.1m loss. China. who moved into Somerset to which he won a to Tesco. Brazil. groomed her to take over the trusts own all the shares in both.7m. and rugby. these business. But Green’s life was to housebuilding in Cheshire way sports scholarship for tennis Prince Charles change completely in 1975 when back in 1959. Peter Jones was diagnosed with breast cancer 20 November 2010 www. 2009: £556m (+£117m) building. value of its commercial portfolio Hunt. Jon Hunt has invested 152 Andrew Rosenfeld 100 profit from the sale of capital more than £150m in distressed assets. in 2008-09 went from a £34. having sold the London-based pleased with the sale in June We value the Duchy on its net Foxtons estate agency at the of the Knightsbridge Estate asset figure. There he met Mary-Jean developers to spot the but didn’t see it as a long-term Mitchell. a former Millfield. In May 2009 he spent the estate at £480m. the Labour government.estatesgazette. Group turnover fell from into America but the business in Jamaica. Green’s father was a Emerson Developments. shut out at that period. to Saudi Arabian investor £680m with personal wealth a torrid time in the property Olayan Group. has another Hunt has also been built up his Green settled with his bride in company. daughter of Sir Harold development potential of career. 57. Mitchell. (Holdings) with a £20m Victoria Street Misland. it produced a commercial. a yield of around in his capacity as steward at for £375m. residential and surplus of £14. we value the businesses on their Adding in his Foxtons But Sir Harold died in 1983. 75. He left after O-levels he went on a cultural trip to He was one of the first and tried his hand in the army. reckoned then to be one south Manchester. Green had a 20% stake Emerson Developments Street building. are worth £335m. With personal assets added. Mary-Jean for other assets and property. Jones and family London home and Suffolk estate. Canada. and Prince Charles height of the boom in early 2007 for £580m. £180m to £130m and net assets folded as the American housing Portugal. Green. is an expert at timing. of prime arable land ) which Its prime properties performed he hopes will show significant Luscar 2009: £500m (+£150m) particularly well and the overall growth in the future. own residential and commercial Bermuda. the Hunt has clearly come a Manchester draper who later Rex features Alderley Edge-based company long way since his days at developed a chain of grocery was started by Jones. he bought properties for his serviced office business Ocubis. created by royal Jon Hunt 21 Peter Green 650 charter in 1337 by Edward III.com 11 . But when he joined an independent assets had been nationalised by Emerson was not immune and estate agency in Woking. Honduras from £694m to £605m. for a fraction of the original asset for £532m in 2005. In 2009-10. market collapsed. A formidable estate Jon Hunt Canada and established homes exchange borrowings of over agent. the private school in shops which were sold in 1965 joiner. and add £16m proceeds. In July 2009 Savills valued 19 Peter Jones & Family £673m Last year.7m He worked there for eight years He concentrated on the family’s Empics profit to a £6. Peter Green will have been rose 9% to £141m. so the price achieved this year will have come £16m on a Kensington High as a relief. even though he cannot downturn but Hunt showed no part of a consortium led by Derek personally benefit from realising inclination to buy it back even Quinlan which bought the trophy any assets. at the £10m family with around £50m of net assets property portfolio. Guatemala. buying up He had a stint of part-time of the top 20 richest Britons. The Duchy also saw a sharp rise in its 2009-10 net assets to nearly agricultural opportunities (the assets at his Suffolk Estate now include over 4. Jones. mainly due before striking out on his own separate mining interests in to exceptional losses on foreign in property. £657m net assets.

com 13 . The The notoriously driven Richard He does sell. toiletry or beauty care brands In 2009 there were £260m net which once dominated the supply from multinationals and. in assets in Sykes’ Highstone Group of fashion garments from the Far 2005. 60. the There has been a stream of for £140m. in the West End.500 derelict acres next on £39. who left his Barnsley Caprice Holdings. 62. Bierodrome and Strada Luscar. They sold Meadowhall in Caring. and selling parts to the Far East. on a high profile campaign to deal with suppliers direct. But this is but & Castle areas of London. Centre. with his trophy small energy company. Yardley for nearly £30m. J Sheekey and Le Caprice by chief executive Mike. But the business had a of wildlife habitats. 2005. The He told a newspaper earlier The Jatania Family 67-year-old Yorkshire-based this year: “I think I suffer from Lornamead 2009: £380m (+£220m) entrepreneur is now busy insecurity. He spent £6m Retailers now increasingly £60m. and has branched into takeover bid – Caring is hugely 21 Paul Sykes £650m hotels with a project in Shanghai. led fortune by breaking up old buses Ivy. In 1996. India. it sold off part of preserve the pound and against business is smaller than it was. affairs from Bermuda to Dublin on Capital & Counties’ Covent Amanda Wakeley. had a tough time charity is supporting rainforest Caring has surely done that in the American market in conservation and the preservation time and again. Yardley brand for a reported around £650m. Sykes. originally from turned 1. He has also of restaurants defied the credit record 2009-10. which itself was taken golf club he bought for £130m in restaurant chains for £57m in over in 2001 in a £600m deal. So In 2008-09. so the Last year. Green family also made a £60m new restaurant openings. the 1980s and 1990s. he’d bought the 10% of their proceeds in a new year. snapped up the famous and we reckon he should be worth East to UK retailers. profits in the year to June 2009. and remaining in 2000. 51. He inherited the business from his father and built it up after spending many years in their two sons. 45. Two years later he sold them £50m. and the the Jatanias should easily be live in New Zealand. His portfolio 2008-09. he has completed a nine. Caring gazumped Wolsey assets. the Surrey Belgo. nearest figure Caring admits to is worth £600m.estatesgazette. working with Eddie Healey.4m sales. £600m development behind. stakes in other businesses such Bermuda and London. Vin. came to Britain in 1969 by to the M1 into the Meadowhall A fashion tycoon originally. much of the family’s International Clothing Designs Caring also made a fortune in (Holdings)/Caprice Holdings desmond o'neill features Canadian huge mining property deals in Hong Kong in 2009: £450m (+£150m) operations. plus The globe-trotting Caring also as the upmarket Whistles and assets in Canada and the profits opened a Los Angeles version a £10m stake in the quoted from his recent London deals put of private members club Soho Carluccios restaurant chain – Green at £650m. netting the Green family perhaps month.2m sales. Daphne’s in with George. £6. We raise him to £600m this year. and Clearly. Mayfair.2bn. I have to continually investing in forestry. which Caring 2009: £550m (+£100m) Paul Sykes has left property bagged as part of a consortium for £250m in 2007. the personal care His Highstone Foundation the time. Clothing Designs (Holdings). Family properties in Garden estate. follow his forestry investments to a fraction of the total. his £15m North London Green moved the management owners Chris Corbin and Jeremy home and proceeds from the sale desmond o'neill features of his substantial business King to sign for a new restaurant of his stake in fashion designer. owns International Lornamead buys unwanted 1999 for £1. money is no object then profit from selling its stake in a many more are on the cards: last to Caring. Indeed. the Far East himself. Mayfair. and. made a profit of £8. Future projects will include the redevelopment of the former asset rich. 20 November 2010 www.” operation. Green was effectively left in charge of the family business with 23 Richard Caring £600m “nine figures”. House. operations. In addition in 1996. US Navy offices on Grosvenor 23 Highstone Group Square.4m The family. Green family invested around Caring has had another busy Previously. loss of sovereignty to Europe. occasionally. At Wentworth. he moved into property South Kensington and Scott’s in Danny. making around moved into forestry investment in crunch by sharply increasing £50m profit on its world-wide New Zealand. spring. which Lornamead is run and school at 15. 55.in 1988 and died two years later at 38. Richard Caring September 2005. held via Luscar Ltd. started making his runs London favourites The co-owned by four brothers. profits at the With a large property portfolio disillusioned is Sykes with the company fell to £227.5m redesign. prove something to myself all Lornamead.000 on in the Paddington and Elephant state of Britain that he may even £65. were sold in a £300m deal. way of Uganda. and Later. in which he owns an 80% Mike Jatania currently the subject of a City stake.

built Bestway at the global operation and. He recently promised £10m operation (revalued at £1bn in Gordon. Bestway’s founder. and his property. selling an 14 www. and carry operation in early 2005. Pervez. are worth over £450m.com 20 November 2010 . we and more recently doubled their value parent company Bestway stake to 17. prices then in 1976 he turned to cash charged for the services of his and carry with his first depot in stallions crashed in Ireland and West London. the cash add another £220m. in February 2006. as well as a major this year.05bn. With McManus. economic meltdown. stake they held in premiership football club Manchester United until May 2005. When they sold to new United 25 Sir Donald Gordon & Family £580m property through Liberty International. investment area for the low- Palmbest and other assets should key Magnier.estates gazette rich list 2010 25 £580m 27 John Magnier £540m Sir Anwar Pervez & Family Coolmore/Sloane Capital Bestway (Holdings)/Palmbest 2009: £560m (-£20m) 2009: £500m (+£80m) Irish racing tycoon John Magnier Profits at West London-based has had a rough time of it lately. too. cement business there. the Scottish two separate groups leaves Sir to be the focus of my life. Capital & Counties in this country should be set for a he has a stake in Barchester. Elpida vehicle since late 2007 In the current climate. The duo have been steadily Bestway now has over 50 depots buying shares through their round the country. the US. Donald Gordon and his family Gordon of his retirement. rice milling and cash and business partner JP McManus carry wholesaling in the UK. started a South to the Royal Opera House and 2006) the Sandy Lane Hotel African life insurance operation a further £10m to the Wales in Barbados and Global media. have been quietly building a With the £100m acquisition stake in the troubled pub group of Batleys. a £360m stake. he has relied on for so long hit the It is a triumph for Sir Anwar buffers when Ireland went into Pervez. then opera Irish tycoon Dermot Desmond companies. Pervez would be much richer if Magnier is perhaps best known to the British public for the £227m and carry king he did not give large amounts to charity every year. which must have had a It was tough going at first detrimental effect on Magnier’s but he turned it into a business fortune. 1999. a farmer’s son There have been redundancies from Rawalpindi. into a chain of 11 shops and more significantly. finally selling out Millennium Centre. the UK’s oldest cash Mitchells & Butlers. Pubs are just the latest A separate property operation. With the company (Holdings) at around £750m while worth £1. family wealth back by that £20m He shared in a £40m windfall He also focused on British to £580m. his family and trusts have worth £220m.6%.23bn.6m on sales of £2. that stake is now Pervez. His horses on the empire with interests in banking track have been disappointing in Pakistan. Bestway rose in 2008-09 to The Coolmore Stud cash cow that £80. South Magnier was also part of a Capital Shopping Centres/ African share sales and other consortium that bought the Capital & Counties assets add around £150m. 75. 62. His family stakes in the two new Capital operations owner.” says sausage skin maker. Malcolm Glazier. radio assets of Chrysalis Group 2009: £465m (+£115m) “I’m hoping that I can now for £170m.estatesgazette. plus But Magnier. Pervez. 80. we cut the Gordon after borrowings. With McManus and fellow with big stakes in the two new If that is the case. I want it 13% stake in Devro. Properties and Capital Shopping golden age. These stakes are worth £339m of the South African group in As a result. the pair made a hefty £90m profit on their original investment. and he also made The demerger of quoted property switch the focus I’ve put on a tidy £23m from the sale of a group Liberty International into business into opera. in the 1950s. a profitable nursing home Centres.

Freddie Linnett. Despite the downturn and. More recently. net assets at add up to around £540m.7m to £41. following a recent the family-owned property group refurbishment. Hemmings biggest property owners and.option on a London office site. which hand man in the Pontins leisure company Regent Pacific is cash hit £452. Northern Trust intends homes round Europe and several W1. he diversified into the a brickie’s apprentice locally in cost $8m. for £107m. including a £55m return on a and a focus on cutting the group’s firm called Charlemagne Capital in 2006.000 sq ft former employers on the island. We value the business on the apartments there.000 sq ft Henrietta severe downturn. made his money 55% increase was achieved on the and the Leicester-based Murphy from a range of investments back of much lower interest rates family to £510m after tax. Aidan Brooks. He later took over the rich with its main investments And we add another £70m to business and sold it in 1989 for a in China and commodities. one of the largest of Greater London House in a 175. 53. operation. With little new build in the Trevor Hemmings’ Leisure Parcs including one called Emerging West End. the future as demand outstrips around £40m earlier this year. in all. However. four other Met building in Percy Street. we value the Lazari real estate Hemmings became his right His Hong Kong. is based in the Isle supply for Grade A space. Later. his portfolio for personal property hefty profit. portfolio. particularly uranium. came to Britain and review regeneration options With annual earnings of in the early 1970s to work in John Magnier for the rest of the site. This from 1995 to 2009 take Linnett the late 1970s. The council hopes to revive of Man. taking In 2000. which in 1978.5m in the early 1970s to the recently went short again on the current climate for property. late Sir Fred Pontin. 28 Jim Mellon £530m CBRE will be replacing outgoing tenant Diageo. to let the commercial buildings properties in Ibiza.5m acquiring properties in the year. 75. Mellon is and cash in the bank. 60. started out as afford his own private jet. he built his own made substantial profits selling looked back. also has homes in Spain. Lazari can look group sold the famous Blackpool Markets. portfolio. who started out as a Investments rose in 2009-10 and nearly £88m of dividends fund manager in Hong Kong in from £26. banks.4m. Mellon. the drinks firm. he can the fashion business. his assets Lazari’s 100. House. She married property and around 70% of his at £1. is a director The deal is characteristic and leading shareholder in the Regent Pacific Corporate of Lazari’s skill in upgrading business. where he is one of the In late 2007. The company spent £15. Lazari grew the the seaside resort.” drawn from the top ranks of Northern Trust Group 2009: £300m (+£200m) He has stakes of around £20m British business. Hemmings. 2009: £425m (+£97m) Charles Street Buildings have a large property portfolio Chris Lazari. in a number of quoted companies. With McManus and Desmond. which was started by her Finance buildings and getting good uncles who came to Britain from 2009: £500m (+£30m) tenants across its base in the Ireland after the second world war. Other assets Mellon.estatesgazette. wealth is tied up in some 40.3m in early 2010. Magnier Cypriot‑born property mogul. housebuilding firm and sold it for the euro against the dollar and Cautiously though. profits at Lazari net assets figure. he has property field and has never Leyland. W1. Lazari’s 130 buildings are also 31 Trevor Hemmings £500m will be “bigger than the internet filled with 424 blue-chip tenants within five years.2m to £33. 64. He and MacManus plus Lazari Investments Family another partner. will shortly have a major new Profits at Charles Street Barbados and Switzerland where tenant within his London‑based Buildings (Leicester) fell from he lives for tax purposes.33bn in accounts to a top accountant in 1995. Lazari to £522m. He Camden for £165m and the BP/ Castrol facility to his has two homes there. He has also invested heavily in solar power and says it borrowings sharply by £53m over the year.listed interests on the net assets. which invests in metals forward to healthy rent rises in Tower to the local council for used in solar power technology. Hemmings bought now easily worth £530m. When the uncles died. Sir Donald Gordon Littlewoods’ pools operation from 20 November 2010 www. the Greek (Leicester) 2009: £445m (+£65m) held in Sloane Capital. he also sold the Next Generation 29 Chris Lazari £522m 30 £510m Freddie Linnett & The Murphy fitness chain for around £132m. adding with 450 staff. Lazari. Linnett is investing heavily in German Lazari’s portfolio was valued inherited their stakes. business with the acquisition has been buying too. rose £27m to nearly £476m. Ireland. As a result. Global agent £35.com 15 . between $5m and $10m.000 March 2010.6m in the year But he is not immune to the CB Richard Ellis will move into to November 2009. in the £1. Millionaire investor Jim Mellon diverse West End.

Aston Villa football club name. he said that he was the property community in April investing before Christmas after considering an £80m sale of his 2009 by purchasing the suitably reaching its first close. we can see more than 31 £500m 31 Jack Petchey £500m £37m of stakes he still holds in quoted companies. is were low. and property property fund for private and companies Warner Estates and Though we can see just £11m institutional investors in July. In 2004.estatesgazette. earning himself an Wales 5 £360m. Pendragon.8% stake in British-Israel quoted Saville Gordon property the Northern Trust Group.5bn education to pull off his deals. he gives away. The 340-year-old Bedford highlighted in July 2008 when In 2006 and 2007. leisure business to raise cash to scruffy offices of Time Out Noé. the Duke of Bedford surprised the downturn. managed to hold on to the seen in his 85 years. But this is the first deal to Smith collected £60m in cash and Reg Vardy. to the west of Bedford Square. investments such as car dealer On chairman Leo Noé’s watch. However. East of England 4 it for £307m.com 20 November 2010 . REIT. Using his £39 “very bullish” about Bloomsbury some problems for Noé – army gratuity. West Midlands 17 Agra and Landmaster Properties. His expertise was more likely. were sold for £378. the Duke said he was But the downturn has caused war as a taxi driver. shares for his stakes. office provider Woburn Abbey 2009: £490m (No change) it launched its first open-ended Workspace.5m. the car dealer. of three family companies. property and timeshare. F&C Reit Asset Management 2009: £450m (+£50m) Timeshare and property 2009: £530m (-£30m) Jack Petchey reckons the recent interests take Petchey to £500m F&C Reit Asset Management recession was the worst he has in the current improving climate. he built a fleet of and said £50m had been reserved St Katharine Docks. a 55. East Midlands 10 desmond o'neill features substantial wealth. Petchey Where the money is ongoing with debt servicer Capita. Noé has companies which were sold to the His main holding company. launched in But Petchey has plenty to including Woburn Enterprises. he has taken hits on several high profile 34 The Duke of Bedford £490m business is thriving. 57. worth £500m. commutes to his office in Ilford South East 116 We can see around £64m of net daily. breached its football club from Sir Elton loan‑to‑value banking covenant John. £72m in cash and £15m in In all. which Petchey has no formal Bedford Estate is probably the created a business with £8. Petchey received £130m net assets in 2009. three It will be a sizeable fortune Channel Isles 4 shopping centres in the north. F&C Asset Management.estates gazette rich list 2010 the Moores family for £161m. a major taxis. He was the sole North East 4 bought in 2002-03 for £294m.1m. of the market. He plans to give the bulk Ireland 33 assets in a number of companies of his fortune to charity through North West 17 owned by the Noé family such as the Jack Petchey Foundation. at £500m. which group in 1998. had Investments. Hemmings is now easily we value Noé. May 2009 to take advantage of play to make up for such losses. make a splash for years. his quoted investments have yielded Leo Noé & Family Trefick around £400m of wealth. and elsewhere the A canny East End investor and property man. just a year after buying OBE. Opportunities Fund. With earlier proceeds and past profits. Petchey Estate in London owns around his company. In all. for example. merged with sold around £225m of stakes in 180 buildings in Bloomsbury. At Rugby he took net assets in the 2009 accounts And the separate Devonshire UK a 25% hit on selling his stake. For the and loan notes in the deal. Petchey has also helped more South West 10 Early in 2006. errands before working after the In 2004. a mall owner. six companies including a pub centred on the square of the same Noé and business partner Ivor chain. than 40 schools achieve specialist Overseas 5 Noé sold its Fosse Retail Park for school status. but long ago sold that Number residing per region this year and negotiations are stake. Based in Chigwell. Rugby Estates. one of the more low reinvest in property while values magazine in Tottenham Court key property men in Britain. a string Road from Land Securities known for his shrewd reading of individual sales now seems for £14. owned jointly with AREA He once bought Watford Property Partners. quietest and most conservative of of real estate under management He first earned money running the inherited London Estates. shareholder in two Isle of Man The Duke of Bedford 16 www. which has given away £65m to Yorkshire & the Humber 14 and the extent of their deals supporting youth projects in Scotland 11 and investments indicate more London and the Home Counties. is expected to start Last year. is in £300m takeover talks. lucrative management contract for the F&C Commercial Property Trust this year. He later expanded into used to buy some modern office blocks development opportunity cars. from the UK to Israel to India. Today.

should have made around 2009: £470m (No change) Estates owns 170 properties in £97m from those two deals. the Limerick his will. McManus. The duo have Magnier and Aidan Brooks.5m bill partner. that are particularly valuable. Irish racing tycoon John Magnier. overruling a local authority decision. which were set up by his A former bookie. estate to fall back on. before its sale. They sold the parent company. It remains particularly £100m. car parks on old bomb sites in £2m net assets there. He has profit. is easily worth £490m. dividends from National Parking tax following his father’s death. in partnership with His late father left £39. Nearer home though. Hotel in Barbados and an adjacent £21m villa.com 17 . Estates Gazette up with Sir Donald Gosling after small property companies with put a £200m price tag on these the second world war to build Gosling as a partner. He is at least trying to continue the entrepreneurial activities of his grandfather and father. Sloane bought a of the estate had been handed Elpida vehicle since late 2007 and now have a prestige Paris office and retail site in July over some years ago as part of the stake worth £220m. Hobson. 2007 for £439m. netting a £90m Abbey estate and house. He shared a £125m dividend from the various and successful business Sloane Capital Barchester Healthcare group in 2006 and 2009: £430m (+£60m) ventures under his control at also shared the £132m proceeds from the sale Woburn. plus the recent we stick with a £490m valuation National Parking Corporation. is also one of the expansion drive by Sloane which saw it buy a Although we can see just top racehorse owners in Ireland. Investments and later Metrose Bedford also has his London Consolidated Property Property. he joined a group of wealthy investors who have put nearly £20m into buying up New Zealand property.000 Woburn 34 JP McManus £490m in premiership football club Manchester United. Sloane also has a castle in Dublin. keep for Bedford. the 14th duke.estatesgazette. Harrow and Harvard- educated Bedford. but we assume that much been steadily buying shares through their property developer. exchange markets. until they sold out to United owner Malcolm Glazer in May 2005. Enterprises. 48. The recent marriage of his daughter for £150m. 59. But it is the art treasures £250m over the years from playing the foreign valuable. based in Geneva. Bedford Investments 89. collecting around Hobson at £470m this year.500 jobs in rural Bedfordshire. We can see at the top of the market. Recently. grandfather to pay a £4. been quietly building a stake in the troubled through Sloane Capital. the house and cost McManus around £5. the new £200m Center Parcs holiday village on his Woburn estate is under construction. He inherited the title and estate from his father. JP McManus and his business of a fitness chain. who JP mcmanus races to a fortune died in 2003. Bedford is also trying to spruce up Bloomsbury with better quality retailers. is well versed in the management of the extraordinary 13. have McManus was active in the property boom for death duties. for £189m. Our art expert puts a £300m value on the total collection. including Woburn Kildare.but he has waited for prices to fall before moving into action. 20 November 2010 www. Planning permission was granted after a public inquiry. He is reckoned to have made Hotel at Canary Wharf. with more Bloomingdale’s store in New York for £35m £12m net assets in three family than 100 horses in training and a stud in Co and two streets of luxury shops in Los Angeles companies. and around Bedford Square in Ronald Hobson originally teamed He still has stakes in some central London.1m in pub group Mitchells & Butlers. including 24 Canalettos. With a share of the Sandy Lane inside.5m. But in line with our art policy we halve that to £150m to allow for any inheritance tax or the like in 36 Ronald Hobson £470m £290m each. in 1998. With Magnier. he had a £227m stake McManus. Consolidated Property the event of a sale. It will create 1. they divested themselves of further firms. property company sales. But he can easily Unilever House in London and the Hilton grounds must easily be worth afford the outlay. It was part of a world-wide family’s tax planning. In 2004-05. But huge Allowing for any inheritance London and the rest of Britain.

but Bramall realised A dealmaker whose prowess is With asset prices continuing that refurbishment was much only matched by his astonishing to recover this year. Other assets 245 Christopher Ure & Family 45 Projects taken on so far include and past dividends take him to 250 Alistair Pullan & Family 44 a £5m retail redevelopment. netting around £290m each at the time. tycoon with a love for the sea 37 Sir Donald Gosling £450m Gosling. who still has a £1m stake in a small charity. Metrose property operation for £112m. Bramall. the sale proceeds and any debt 99 Sir Robert Ogden 150 Bramall is now financing built into sale prices. and a retail and office complex in Harrogate. His property company called Hildane Properties. in Bingley.4m sales. he started the National Parking Corporation in 1948 as post-war Hildane Properties Britain started to recover. It had been bought for assets also fell slightly to seeing the work as dirty and £327. around £450m. authorities started to refurbish Shell-Mex House in London for saw its losses fall in 2008‑09 their housing stock. 5Rise. which dates back to 1931. allowing for tax on 99 Paul Caddick & Family 150 the market in 2007.6m to £2. With partner Ronald Hobson. The business started to move In July 2007. His most famous coup was In 1968. Bramall 166 John Brooksbank 89 with financiers and the public has also helped underwrite the 193 Demi Chervak & Family 70 sector. while its net companies were not interested. been delighted and honoured in early 2009 to which was sold in 2004 for £77m.6m. 68. Championship team. As an honorary commodore in the Royal Gosling had a 40% stake in a property Naval Reserve. selling his Dalton Barton bank for £58m. They built it up until 2009: £450m (No change) 1998 when they sold the business. 82 Kevin McCabe & Family 180 Keepmoat operation at the top of However. economic climate. was named after In all. The navy and the sea are consuming So affording Leander is no problem for passions for Gosling. 37 Jack Dellal £450m He made his mark in the early 1970s. Consolidated Property Investments.5m in 2002. when it he went on to become a major was established by Bramall’s late Allied Commercial Holdings property player. the White Ensign Association. we keep more profitable than new-build.  complicated. the company’s aim is As one of the owners of 114 Tony Bramall & Family 132 to form strategic partnerships Doncaster Rovers. He is president of naval Gosling.1m on A lot of other building credit crunch and property crash. Bramall very low profile now. the 245-ft Leander. signalman after the war. is one half of the duo that made a fortune from car parks. £54. £3. he should be worth at least £450m. Formed back to £430m. Dellal became a father 87-year‑old Dellal at £450m and Keepmoat began to carve out again for the ninth time in his in the current uncertain a niche reputation. just a month before the from £3. More have been promoted to the rank of honorary recently. Dellal showed his Dellal’s main company.estatesgazette. of course.estates gazette rich list 2010 37 Bramall’s work was recognised Richest in Yorkshire & the Humber £450m when he was awarded the title Master Entrepreneur in 2004. No Name Wealth (£m) Terry Bramall & Family His family had a 72% stake 15 Eddie Healey & Family 750 Keepmoat with trusts in the company which 21 Paul Sykes 650 2009: £400m (+£50m) was sold to the management in a 37 Terry Bramall & Family 450 Terry Bramall has not given up £783m deal backed by the Bank 41 Michael Evans & Family 400 on business despite selling his of Scotland in August 2007. 18 www. £490m. with £92m net assets and after hefty HMS Leander in which Gosling served as a charitable donations to the Gosling Foundation. yacht. virility. late 1970s. after a stint with “Black Jack” Dellal keeps a to make £75m in a six-month Taylor Woodrow. 111 John Guthrie & Family 135 in 2007. central London. forward in the 1970s when local mettle when his consortium sold Allied Commercial Holdings. 2009: £450m (No change) father and a partner. we cut that 110 Chris Marshall & Family 136 developer 4Urban. Gosling and Hobson sold their rear admiral on his 80th birthday. Sir Donald Gosling will have company.com 20 November 2010 . aside period in 1987 by buying and joined what was still a modest from occasional forays into the quickly selling on Bush House in operation. Later. made his money with Doncaster-based Keepmoat. property market.

59. for the new Evans Property There are also £25m of net 41 Clarke Family £400m holding company. no accounts have yet been filed net assets. defied the recession and showed the old Dudley steelworks.2bn Investment Group. Brightsea EP Ltd. The late Ravenscraig steelworks. we keep the family Midlands of one of its greatest year. Germany. Bedfordshire called The Wixams. crisis. Mamas & Papas. developers. 80. successful track record”. C Le Masurier – is celebrating its to the group. 2008 while the net assets fell and the financial markets.5m to help fund their father. The Evans family took the company. The family has also taken a slowed things down. now the largest net assets in 2008-9. off market over a three-month With twin brother Roy. the parent of C Le Masurier Brightsea FP Ltd). It is owned by companies with the name Brightsea followed by initials assets in two more separate Richardson companies we can see.000 sq ft of space. other assets and past dividends. Instead. Luxembourg. Between Richardson Capital Property 2009: £400m (No change) them they had a huge £2. is easily 175th birthday this year. is heavily involved town project which will resurrect come through in good shape. still value him conservatively reorganising its structure and We value the business on the at £425m. have large tracts of St assets here and value the Evans account of other deals and £54m Helier. times. they have been involved in acquired in excess of three million power and enable it to build on its scores of flagship projects in the sq ft of retail space in Germany.40 Tony Gallagher £425m It also owns property in the UK. 20 November 2010 www. the Boots and TK Maxx. selling several retail parks at a conservative £400m. assets in the 2008 and 2008-09 father of Michael Evans. The Clarke family.3m for a prime slice of real and Nuneaton have been on the a redevelopment project at estate in Leeds city centre in Richardsons’ menu in recent the Junction 9 park to provide June 2009. the firm has been slightly to £145. retail outlets and pub sites business at the £350m net asset of salaries in recent years. We add £50m for now led by Roy alone. He was still hard at work in his The Richardsons’ main Gallagher also has various 90s. most notably Merry Hill Gallagher. they moved into as a sustainable new town in in the depths of the economic transport and property. that Evans had the support of twins left school at 14 and started Gallagher’s vast spread of its bankers at Barclays who trading in ex-Army vehicles with activity includes extensive provided £13. in Bathgate. Barclays jointly arranged a The brothers sold Merry Hill He has a substantial investment £175m loan facility for Evans to in 1992 for a £50m profit. worth a net £400m. pulled the £118m.2m. but moved the site of the former truck plant Gallagher UK. We assume Yet after the acquisition of private landowners on the island there may be some duplication of the European assets. is a retail park on Developments. 74. accounts of five of Gallagher’s to go into the family’s tailoring in association with construction main companies. but this led by Monaco-based Michael 50% stake in a £600m new diversity has helped Gallagher Evans. including Clubhouse (for example. 41 Michael Evans & Family £400m Jack Dellal Don Richardson had made a name for building shopping centres. Investments. right Later. The recession has inevitably The low-key Evans family. and taking of Jersey. Liverpool in April. Since programme in Europe and has “further enhance its purchasing then. Swiftfire. Poland and the Czech Republic.estatesgazette. refusing Another Scottish development. 6% yield. Their business – figure that Barclays attributes reckon the Richardson family. residential developments such the purchase.3m profit to a £1m loss in finance/consultancy business which valued it then at £164m. Countywide operation. in the Black Country. sale of a retail park near Evans Property But shopping centres from 2009: £350m (+£50m) Walsall in the West Midlands to afar as Rome or Salzburg by JP Morgan Asset Management Evans Property Group paid way of Broadstairs. 65. and Ashflame. Indeed. Wixams First into housebuilding and property. as a transport firm. in development work all over the site of Scotland’s iconic We can see £288m of net the north of England. period for a combined value of more than £150m. it will complete £21.com 19 . GW305. 41 Roy Richardson & Family £400m The death in 2001 of patriarch Gallagher UK Fred Clarke led to a major Swiftfire desmond o'neill features 2009: £500m (-£75m) 2009: £350m (+£50m) refocusing of this secretive family Midlands developer Tony business with the aim of raising The death of Don Richardson Gallagher capitalised on renewed asset values. We Recently. we across the island. went from other interests in a substantial company private in 1999 in a deal a £2. in September 2007 robbed the investor demand earlier this But for now. With these deals in the bag. which has The purchase of 1 Park Row Born within the shadow of been let to Next. Midlands. started Evans of Leeds group Carillion.

61.com 20 November 2010 . They years. Its losses had narrowed from They had £203m net assets Miller Group £170m in 2008 to £72. We now value the Miller family stake at perhaps £350m. took over the helm in 1994 and oversaw the company’s rapid growth before recession hit. HBOS bought a stake in Miller in a deal which valued it at around £500m. Bermuda and Puerto But Sullivan. and he has a £300m-plus portfolio.estates gazette rich list 2010 Britain’s biggest privately-owned housebuilder. He Developments. the 90-strong Private Shops empire. that Bricks. have brought him to public prominence. also have advanced cement works and prime quarrying and asphalt assets. can’t complain. They have steadily Together with business partner David Gold. Miller Group had to cut its British workforce from 2.000 to 1. publisher and Kevin. we seeing a gradual improvement in But it has been a difficult reckon the Lagan assets are worth the housebuilding market. Michael 2009: £400m (No change) total £55m. in 1960. was sold in August 2007 the top construction tycoons in Ham United to the 2012 Olympic Stadium for around £50m. £136. Chief executive Keith Miller. property development ploughed many millions into the Blues over the Sullivan’s property portfolio and other assets and waste management. took over the operation as part of plans to revive the fortunes of the Property is where Sullivan has been active. who rank among David Sullivan is desperate to relocate West of the lurid tabloids. Transaction volumes quarrying assets were reckoned A fairly upbeat trading statement for the year were up 35%. The ink had But it was soft porn. the and forward sales of £108m excess of £200m at the height Edinburgh-based builder. 61. a property company related businesses trading within the start of the year in a deal valuing the East which saw its net assets rise from £39. His Rico. as well as Northern Ireland. but journey through the recession for perhaps £350m. at the represented an increase of of the boom. stage building roads and airport facilities in places such as Jamaica. though. London club at £105m. Lagan Homes and Lagan barely dried on his sale of Birmingham City. but he in Britain. In April 2008.400 as the housing market slumped and its figures became a sea of red ink – compared with a profit of £81m in 2007. made a £528. grandson of founder Sir James Miller.000 loss in 2009. In 2008. 45 Keith Miller & Family £385m warned that mortgage availability would be crucial to restoring stability.estatesgazette. Sullivan had 16 years at Birmingham and made owns the biggest chain of licensed sex shops These are involved in road around £20m from selling his stake.4m between them. his main company. Kingscourt He just can’t leave football alone.5m to five groups: Lagan Holdings. building. He will be expected to do the same with should take him to £400m. Past dividends (£43m from 1997- 2006) and other assets take the Miller family to £385m after tax. established by their father struggling club now under his chairmanship. It said it was 100% year-on-year.8m in 2009. to have a potential sale price in came from Miller Group. Roldvale. Lagan Cement. Roldvale dividends and salaries over the past 12 years The Lagan brothers. and latterly football. 20 www. But on the current figures. start of the year. His Sport Newspapers. We can see around £20m profit on £400m sales in various Lagan companies in 2008-09. We can see part of it in Sullivan’s separate expanded into construction- Sullivan bought a 50% stake in West Ham at Conegate Holdings. The valuable 2009: £280m (+£105m) last year. 46 Kevin & Michael Lagan £350m Lagan Holdings The beautiful game 2009: £250m (+£100m) The Belfast-based Lagan Group is active on the world 41 David Sullivan £400m his new club even though his other business ventures are having a tough time. Ireland.

which most expensive Hampstead renegotiate loans with three was the subject of a bidding battle residential property sale ever. Second. he net assets and should be worth at more in European capitals.2m sales in Lyons is also active in pubs and and his proceeds from the recent 2008‑09. He started out labouring for and his family trusts in a mix of £304m cash and Barratt shares. who is building and property business. so his stake there should exceed £65m. which is now in its It was always regarded as one of the sales in 2008-09. He also has half of Proudreed. Property Morgan also recently shared Palos (Sir Philip Green’s stepson). taking his 2009: £250m (+£100m) 224 Glyn Watkin Jones & Family 54 stake to around £114m. Davidsons & Olympia to Liberty in a deal as one of the 50 best shots in Developments. With past dividends. working with Brett of industrial estates.46 Richest in Wales March 2009. man Caspar MacDonald-Hall. the property entrepreneur the 90s and afterwards when he sold his home in Hampstead. £98m of share sales London & Cambridge Properties. least £75m. It netted £727m for Wilson 46 Caspar MacDonald-Hall £350m Keith Miller promised to invest £30m in the club.estatesgazette. It has netted around £45m profit from 46 Steve Morgan £350m premises that were once used for his old Wilson Bowden company. the FTSE 100 property company. which it Redrow Group after graduating from the Leicester 2009: £350m (No change) bought in 2005. which made owner of Wolverhampton floated on the stock market in 1987. Anthony Lyons 2000. also director of St James Capital. Redrow money. the £75m sale proceeds on a Lyons. He is should be worth £350m.com 21 . Davidsons is being relocated in a property investor with £23m net assets in 2008-09. £75m for Davidsons.5m to £38. 57. shares when he floated Redrow in in April. After and leisure centre in north Cambridge as well as a number of allowing for reinvestment of his London for £92. Falling property values and left the Redrow board in 2000. profit on £30. It is a leading developer in the summer of 2006. but he deal. analysts.2bn Molineux in August 2007. bought the O2 retail 59. take assets fall sharply from £579m Morgan floated the company the Wilson family to £350m to around £420m in 2008-09. Polytechnic School of Building. Lyons also owns Anthony Steve Morgan. Olympia sale. 20 November 2010 www.8m Wanderers. has a 40% stake in London & Spanish development. Liberty Southampton property investor. is the proud Wilson Bowden prospered and was Lyons Investments. 43. It was in July 2007. banks. His remaining Barratt stake his father’s small civil engineering is now worth £19m as the London & Cambridge company after a move to a new shares have drifted downwards Properties school in Liverpool proved recently. we value Lyons at Morgan paid just £10 to Sir 68.5m in 2009. Britain. He went on to set the deal. bought full ownership of the Earls Court with £130m net assets in 2009. which had London from Lyons and his over £126m net assets in 2009. other property assets. that Lyons and his to MacDonald-Hall. determined to turn £350m No 41 Name David Sullivan Wealth (£m) 400 the ship around after the mistakes of the boom years. He will rise higher if while profits rose slightly from of his stake before leaving in Davidsons proves as successful £36.5m which then valued it at £380m. a perhaps £350m after tax. International. made a £1. there are more than just a month before the credit £290m net assets attributable David Wilson just can’t leave the crunch struck.8m. for £43m to a the strength of the euro against He also had a £100m stake in private Russian investor in the sterling forced the company to the De Vere leisure group. In all then.5% 46 David Wilson & Family £350m and Olympia complexes in west stake in Ringmerit. Jack Hayward to take over at Barratt Developments in a £2. north London. in February. He returned as chairman in as Wilson Bowden. First. It has nearly £77m restaurants and plans to roll out takeover of the AIM Group. EC1. a healthy£2m profit on £6. Morgan is worth selling it a year later for £120m. Davidsons Developments 2009: £275m (+£75m) partners. partners sold 50% of Earls Court regularly listed by Field magazine His new company. and the real estate companies. Wilson joined his dad’s small the break-up of The Brewery on Ibstock building business in 1961 Chiswell Street. sold the company to rival £350m this year. Three recent deals have made 243 Brian Moss & Family 46 Morgan sold £240m worth of Anthony Lyons a lot richer. saw its net Redrow in 1974. Third. himself up as a subcontractor and dividends over the years one of Britain’s largest private and founded housebuilder at Wilson Bowden. With the second season in the Premier top quoted housebuilders by City recent deals and Earls Court & League. Then there is a 45. and in May 2007 Wilson. Anthony Lyons 46 Steve Morgan 350 Morgan has seen the share price St James Capital 67 Sir Stanley & Peter Thomas 225 revive in recent months. 20 years later and then sold most after tax. The cash element of 2009: £300m (+£50m) a disaster. Morgan can afford it.

But these asset values residential scheme of 86 flats near Consolidated Developments do not take account of Kirschel’s 2009: £300m (+£25m) Harrods. Vernon. Dublin-based Green has joined forces with the private equity firm TPG Capital to target commercial real estate opportunities in Britain and Ireland. three wall for us (as a public company) Earlier this year. 22 www. and offers business support and it showed £420m net assets. in London. Barracks was discontinued after a undeveloped sites in central we value Vernon at £350m. He joined Regus as the “fragile” nature of the UK Dixon a billionaire on paper. Vernon’s personal stake in the business has increased from 2% to 32%. With other assets and about selling £1bn of assets 1. This was positive news in hamburger salesman.” said their Qatari partners put sales on for a scheme in London’s Soho Vernon. Regus has accelerated its his wealth collapsed six years ago (-£52m) Nine years later. London. recently signed to people who work from home. office operator. stresses that Regus before the flotation and another backers a return on their money. one of the last portfolio of assets.estates gazette rich list 2010 46 Stephen Vernon £350m dixon and regus stage recovery Green Property 2009: £280m (+£70m) Stephen Vernon’s Green Property operation unveiled a new joint venture company in June 2010 with €900m of debt and equity to invest in distressed property assets. The Quintin. in April after the Candys and Developments drew up plans “This is my business now. The writing was on the downturn. recovery. the proceeds of a £61m share sale to pay down debt and give his Dixon. a 6.estatesgazette. Laurence mark him down to £325m in the A lavish show flat was unveiled Kirschel’s Consolidated current climate. and Christian. hotel. to Centre Point to turn into an Candy & Candy innovative music centre. the legal dispute shops. hopes to transform 52 Nicholas and Christian Candy £330m valuation for the developer and interior design duo until the sales of more luxury homes at One Tin Pan Alley into a new cultural quarter for London and spent £14. It is also expanding Dixon nursed the business back Lynch and HBOS. backed financially by Merrill working. We are investors in the development. Vernon set overseas and now has more than to health. is no longer just a serviced office £35m last year. and his first job after workforce with space across its A former sandwich and later graduating was in the public portfolio. Before the recession. It floated on the stock market in 2000. making of chartered surveyors.com 20 November 2010 . We stick with last year’s £330m Kirschel. His portfolio in Soho and have emerged. Green seems to be defying the Irish property crash too – in 52 the year to June 2009 its profits moved up sharply to around £2m Regus. we in 2005 as part of a refinancing of rooms and video conferencing value him at £330m after tax. went to university an agreement to provide GE’s His stake is now worth £240m. a long-established firm Mark Dixon Despite what he has described shares soared initially. Dixon sector. Green was expansion plans as the recession when the shares went into freefall taken private via a £700m deal powers a shift towards flexible after hasty over-expansion.5m buying a building next Hyde Park are completed.000 centres in 450 cities. he is doing fine. the company. He then moved to St £330m what has been a tough market for the firm founded by Mark Dixon. with the Greater London Council. It also operates meeting But in this uncertain climate. a roof-top bar and seven and I think predators would between Christian Candy’s CPC flats. Merrill Lynch cashed in its chips company. 54 2009: £330m (No change) We can see £204m net assets The Candy brothers – Nick. 36 . formed Regus in 1989. 47. The Qatari Royal family substantial holdings in Soho. 60. Consequently. But 2009: £382m Green in 1993. “I’m very glad we did the hold for a year due to the global which would comprise a 35-room buyout. the world’s largest serviced suites.are developing £325m in Consolidated Developments’ 2008-09 accounts and other the spectacular One Hyde Park Laurence Kirschel operations.000 sq ft restaurant. confidential settlement. 51.” Group and Qatari Diar over the around Holborn also includes Green Property still has a strong withdrawal of plans for Chelsea Tin Pan Alley. 37.

of Britain and also sold a complex course. too. and 15. even at the age of 82. such as Centre Point 35-storey tower In 2008-09 it showed nearly property and choice bloodstock. £254m there. where she has her 2009: £300m (+£20m) art should easily take the low-key main home. his real £20m net assets. This is.000. her Ilchester Townshend by the £20m net Oldham Estates group in 1959 for Estates company bought the asset figure of Cygnet to £320m. the A new investment operation. Best known for the 1970s formed by Charlotte Townshend. but has given more than and a large retail warehouse Place in Woking. It current market. profit on £351. small beer for Hyams. took over as MD of the retail of its cash-rich position in the Edmiston has built the IM Group business called SVM Textiles. who £320m this year.4m profit on Morrison’s property company. He has stakes in six small property companies with around 55 Charlotte Townshend £320m Harry Hyams and Ilchester Estates. which together showed £39m net assets in 2008-09. to riches He expanded to four retail stores within a short space of time. The estate will add to Townshend’s 58 £296m 55 Charlotte Townshend Sam Morrison Corbo 2009: £250m (+£46m) Sam Morrison recently sold Newry’s Damolly retail park to newly-formed REIT Metric £320m Property Investments for an initial payment of £28.000 acres Walton Investments small Hyams companies. showed £296. across Northern Ireland.estatesgazette. 20 November 2010 www. £50. Addison Developments. leasebacks.7m sales in 2009.6m sales in 2009 recently. It. IM released Since 1998. has 20 choice acres round London’s exclusive His estate. for £68m. he received £150m. the net assets in the Holland Park. Edmiston. Hyams is also Ilchester Estates carries out involved in the £200m revamp of Addison Developments other property developments in 2009: £300m (+£20m) Newcastle city centre. with new development opportunities It made a healthy £32. When it was taken over Yeoman Industrial Estate in in 1988 by the MEPC property giant. of Essex offices and shops for son of an East End bookmaker. in central London. into one of Britain’s biggest now has seven clothing stores The company plans to pursue importers of Far Eastern cars. already considerable portfolio. has been £5. We value the company at The stores concentrate on high includes the 400-acre Birch perhaps £320m. is still involved in business Cygnet. IM’s existing portfolio £391m. and his in Dorset. With other assets. £17m of net assets. started by selling leather jackets from the boot of steers way his car. 58. at around £296m. progressing to renting his first retail shop in Ballymena. He Bob Edmiston also made £48m from selling a IM Properties Co Antrim retail park. An accountant by trade. We value Morrison. Surrey. Cygnet Industries. one of London’s Hyams to £320m in the current We can see six farming and top developers in the 1960s and climate. Northern Ireland’s edmiston top developer.4m. with nearly assets in 2008-09. has centres. By 1998 he had moved into Bob Edmiston’s IM Properties once worked for the now defunct property and one of his sons is determined to make the most Jensen sports car operation.8m four smaller sites having closed through direct land acquisition. including Fairhill capital with the sales of a portfolio had nearly £79m in salaries from Shopping Centre in Ballymena for £23m and its stake in Wolsey IM Group. 64.14m in 2005.55 Harry Hyams £320m Hyams made a further £98m when MEPC itself was taken over in 2000. number of other shopping Over the summer. we raise our valuation of coup was to buy a stake in the In July 2008. and sale-and. estate companies including 1970s. planning application has recently £43. £120m to charity. Harry Hyams. has Corbo. 2009: £300m (+£20m) Morrison.com 25 . as part of a strategy joint ventures. We value him at development outside Newry. Coppice Business Park where a subsidiary made £23. Townshend. 55.5m net been submitted for 2m sq ft of a strong asset base. He has a distribution space. Bournemouth for £13m. and showed net assets of over refocus. Its IM Properties end designer fashion.

employers in Scunthorpe through before the then property crash. He became a director and shareholder in Ballymore International. and has postponed plans to replace his £14m 164ft yacht with a bigger one. a Dublin technology firm. Sir John.7m when he left the firm in 2007.7m profit sponsorship deal in December Old Harrovian Beckwith in 2008-09. But the brothers have also his steel stockholding operation. Both are owned by 2009 with Championship and his brother Peter made Sir John and his trusts. But it is outside of his former day job that Smurfit claims to have made his most money. he should be worth £295m. made a healthy supporting The Iron. 74. of which he owns half. This includes a £40m collection of art. while Pacific Steel. the tax-haven where he is resident. Smurfit. signed a three-year across Europe. 2009: £282m (-£16m) 2009: £330m (-£60m) Red River Capital. just as the property bubble burst. Its value has nose-dived to £25m in the past year. with ex-Lehman banker Gerald £36. Peter Beckwith but. He has Party donor. a straight-talking they sold their London and as the father of Tamara Beckwith. football club Scunthorpe United. and diversified and started to target Asia to property managers in the Sir John’s investment in the builders and builders’ merchants City of London. in the 1980s. Smurfit invests widely in growing Irish private companies including AEP Networks. The company then everything from warehouses in Adding hotels in France. cut jobs when the economy fell off Investments and Red River Further sales of properties a cliff in the autumn of 2008. Model Frontiers fashion agency. His more low-key brother. Red River Capital invested we cut the value of the Beckwiths The parent company. adding in directors’ pay to 26 www. since 2005 have also added Ives started Rainham in 1973 Pacific Investments. Capital.5m founder and owner of Rainham Parkes to invest in property sales in 2008-09. one of Europe’s largest urban regeneration companies. In all. is one of the biggest to a Swedish group in 1990 just invested in property and theatres. made nearly £3m hedge fund and “his return on River was at a much lower price profit on £113m sales in 2008-09 the deal would make a private than mooted in recent times. moved into new invested in sports-related Sir John Beckwith But it has not been immune areas of investment and has two businesses. the Ryder Cup golfing venue. He received £7. has seen the value of his remaining small stake in his former employer. set up in several million pounds to the as a new and reusable steel 1994. Rainham £3m in the Thames River Capital back to £270m as the sale of Red Steel Holdings. He plans to give some of it to the Irish National Gallery and the rest to his six children from two marriages. Investments made £11. He has built a £7m mansion on the course and others in Spain and Monaco. netting around £80m when Peter. aka The Iron. 65. Thames River was sold 61 William Ives & Family £266m in April 2010 for £54m. Pacific a profit of at least£50m. netting Pacific Investments & Red Beckwith some £17m for his Rainham Steel River Capital stake there. Smurfit Kappa. has controlling stakes in Beckwith coffers. their first fortune in property. which they sold on at from the recession and has had to main investment vehicles.6m profit on £65. Bill Ives. Eastender and Conservative Edinburgh Trust property group the It girl-about-town.com 20 November 2010 . supplier.estates gazette rich list 2010 smurfit stays on course 59 Sir Michael Smurfit & Family Ballymore 2009: £294m (+£1m) £295m Sir Michael Smurfit is having to subsidise losses at the K Club.estatesgazette. 63. He has assets of about £205m. Beckwith’s The man of steel is now Sir John Beckwith has teamed company. which features works by Louis Le Brocquy and Yeats.” the Financial Times reported in July 2006. 67. is best known perhaps Ives. rebound to £70m. 60 Sir John & Peter Beckwith £270m equity financier’s eyes water.

of course. London’s Syon Park in November.000 of net assets in smaller and takes Ability’s hotel portfolio Hartley Investment Trust accounts. with the intention investment opportunities been discovered.000 profit on London acreage has been built away the family’s money.2m on sales at £250m. in Britain. 72. The residential portfolio at the end Trust operation that he £100m. and a further vast acreage of farmland. is worth Yattendon Investment Trust 2009: £220m (+£20m) expects to invest a further £1bn.4m when it showed £4. the family estate in Ability Developments generations of city slickers. and of amassing a portfolio of over 40 hotel properties by 2012 . Earlier this year. The millionaire great-grandson of newspaper publisher Lord The accounts of the other Iliffe bought the island for companies which should Gascoyne Cecil Estates £2. This year it will be Northern Ireland’s two main lucky to get into the black. where gas has at £250m. Shrewdly. The Property companies and art is easily worth £125m.9m net assets.2m turnover in 2008-09 by Andreas Panayiotou’s Ability Group.300 acres and the He plans to develop a number and that his group was development land in art collection keep Salisbury.5m.com 27 . 64. £250m Hartley Investment Trust showed nearly £37. Ability octagonal eco-friendly home on Developments itself made £3. Its 20 November 2010 www. Gascoyne Cecil Farms. seat aiming for a historic Marquess of Salisbury down sharply too at £97. In 62 addition. the Iliffe family company. His application was 2009: £250m (No change) show more net assets remain originally rejected on the grounds confidential so we have not seen The 7th Marquess of Salisbury that it was too big for the island. It is owned by Ives in 1612. and Europe. for the union and his love of high although he did not expect to Tory politics. 44. sells his A new hotel opens at West into great wealth. is a former Alan Lewis wrote in his portfolio. Lewis. His organic sausages. Rainham is Unionists and the Democratic building a huge warehouse Unionists. portfolio and assets is put at 65. is worth at least round Leicester Square. but we other assets easily take Ives to cut that in half to allow for any tax £266m. he has the two stately homes with their property crash. centre of Conservative politics. hugely valuable paintings.000‑acre 62 £250m spread far and wide park and woodland. With other banking. valuation to that £640m. of other Hilton hotels in the UK ready to take advantage of Florida. Among Hartley’s investments is forestry in Russia. any further figures to take the is where he loves to be – at the Yattendon Investment Trust. companies such as Perlpart 2009: £225m (+£25m) to seven. America and assets over the past two years and which is best known for its Spain. we are In January 2010 he hosted a its profits plunge in 2009 from cautious and value Panayiotou weekend of talks at his Hatfield £24.the bottom line takes the profit to realignment that would see around £13m. It came to naught group would start to hire again as but reflected Salisbury’s passion soon as the economy recovered. it is a treasure trove of and his family trusts. Ability Group has invested that arise. the Duke of Northumberland’s but his father gambled made a £129. Dorset from where Salisbury’s 2009: £250m (No change) Lewis was not born son. there is Cranborne Andreas Panayiotou Manor. London estate. Welsh grandfather was a Salisbury’s main farming The £60m development on successful entrepreneur company.estatesgazette. unionist parties. of Hatfield House that still puts On its figures. crisis as “an opportunity” 4. start doing so for another two But it is. Lord Cranborne.6m profit and showed £112m net assets in 2008. hi-tech and property assets 65 Lord Iliffe & Family £240m more than £300m in hotel Leeds‑based J&J Crombie. legendary gents’ woollen perhaps £250m in the The total value of Panayiotou’s topcoats favoured by current climate. merge with the facility and Ives said that the Conservatives. £2. We can see more than It will be managed by Hilton Alan Lewis net assets in its 2008-09 £500. 62 Marquess of Salisbury £250m Green Island in Poole Harbour.000 acres of prime surrounding 10. principally Salisbury is also developing boxer of Cypriot parentage chairman’s statement for old industrial sites in the family’s London acreage famous for selling most of his his Hartley Investment Yorkshire. ownership years. of 2006 in anticipation of a regarded the property In addition. won an appeal to build an more than £600m.8m. Panayiotou. American land. Edward Iliffe. the Ulster Despite this.6m to £1. His British property Developments. lewis interests are Hatfield also has a 3. Rainham is Salisbury into this list. Completed worth £120m. demands on any future sales. saw Until we can see them.

2004 when TBI. who made politics and brokered a deal in golfing legend Ian Woosnam. to perhaps £225m. portfolio of Guildford high street net assets in 2005 when it made The family also has commercial shops for £13. Rose choice assets. Other assets such as Fungo. who had a There was a near £106m central London by 2012. saw its net of the Thames in Chelsea. 66 Sir Stanley & Peter Thomas £225m Atlantic Property Developments 2009: £225m (No change) Plans for a new £8m golf course near Cardiff were unveiled by Sir Stanley Thomas in September 2009. stock market in the 1980s and Conservatives more than £30m Knighted in the 2006 Queen’s 1990s. The 200‑acre 67 championship standard course will be designed by Welsh Christopher Moran. add £20m. on from restoration of the 15th money comes originally from Moran Chesterlodge. his fortune in Lloyds and on the February 2007 which made the a friend of Thomas. this activity followed Thomas can afford it.45m in December a £12. For Moran. 1988 for £75m.com 20 November 2010 . We value it at £200m in the 1460s and was later owned by which they sold to GrandMet in today’s climate. Moran. The takeover of the 67 Manny Davidson & Family £220m spent more than 12 years with the Davidson family. 69. family’s 50% stake was worth development. 2009: £144m of pies. as group property director at Davidson has also owned other the William Pears Group. payout for the family late in He is also active in Tory should easily be worth £220m. and has property and marina interests. £220m property since then. Abertis. has made even more in from the sale of their old Smith Birthday Honours for services to business and charities in Wales.4m profit. Wolfe and Asda Properties. involved in property and cancer centre to be opened by since spent around £50m on then airports. His in 2001 which saw it renamed BL after tax. BL Davidson Manny floated the business in a property company. A Spanish 2009. and Wolfe 2009: £200m (-£20m) 1985. 67.7m profit on turnover City merchant Sir John Crosby in up a large snack and pie business of £7.estatesgazette. 62. we value the Iliffe family at £240m. including more than 40 local newspapers. Manny Davidson is still a £232m deal with British Land the Davidson family to £220m active in the property market.9m. and Peter. By his own admission. controversial career in finance. before taking it private in Securities.estates gazette rich list 2010 net assets came in at £240m. With property. It showed £440m of infrastructure company. owner of Luton airport. The family Christopher wealthy”. built it made a £1. 28 www. The Thomas brothers. in which Peter had But he lost his right-hand man £253m when it was taken over a 40% stake. was taken over in a £551m deal by the Spanish Manny Davidson Trust bought a Davidson. Moran’s main century Crosby Hall on the banks the much more mundane world Chesterlodge holding company. was sold in 2005 for in the family property empire in entirely by British Land (which £75m. when The private palace was built by (+£76m) Stanley. The family then Moran.000 and has group. has been helping Moran bought the freehold in went on to build the quoted TBI the NHS with designs for a £110m 1988 for just £100. working with Manny and his son Gerald at Leopold Joseph merchant bank in early 2004 netted Davidson £5m for his stake. It also owns Channel TV. assets hit £210m in 2008-09. It still has interests in media and TV. Sir Thomas More. estate assets and past dividends. Yattendon had previously sold moran: star of wealth its Birmingham papers to an American publisher for £60m in 1987. Another £40m in other February 2009 when Jonathan had the other half already) in the Thomas ventures take the family Rose left to join the Pears family summer of 2006. taking At 79. The Davidson property investments. he is “astronomically Square headquarters. University College Hospital in restoration.

2m to interests with two investments £6. £122. The Wigan-based Robert Rayne & Family Derwent London 2009: £125m (+£95m) 72 Bert & Maurice Allen £208m company was run by his three sons Martin. until its sale for £255m in October 2007 to its managers. Investments £200m including the Quays in Newry. After war service when they sold their Bewley hotel Strategic Land. O’Hare has acquired a the same period. His death robbed London of a property portfolio through They are now investing heavily one of its shrewdest property which they netted around £190m in property through Ainscough developers. 58. funding the £6. of this in German property through the 1990s. 20 November 2010 www. founded in 1976 by Gerard Ainscough. which looks for with the RAF. who died in 2003. companies take them to around Ainscough Crane Hire was 67 £220m £209m.1m. owned by allowing for other assets.estatesgazette. The company also bought a A property operation.6m in 2008-09. From its profits the Allens built worth perhaps £200m. and Maurice include various Ainscough Robert Rayne. has also been active Cleveland Cable saw its profits Ainscough Strategic Land New entry overseas. We value the companies Wigan Athletic football club and With personal property and together at that figure. Taking into account some hefty he had previously worked on charitable donations. Note: there are more than 250 in total as some entries include two. In 2006. They should easily be worth around £208m. the 61-year-old Allen. Alistair. 2009: £205m (+£4m) Martin Ainscough & Family O’Hare.67 into a property business and Rich by star sign £220m pioneered development on the fringe of the City. despite own all the shares in both. people from the Gerard O’Hare He left £119. have a stake in Derwent London Sagittarius 23 He is a visiting professor at the which is worth around £195m. which The business is chaired by brothers Bert. showed more than companies. the family demerged Libra 20 The entrepreneur left his its investment division into a new Virgo 19 family building firm in his native company called LMS Capital and Pisces 19 Newry in 1997 to work on his own the Rayne family has a stake there Aquarius 18 property developments. Cable founder of Wainhomes. based meat processor. July 2007. Between them Local football supremo Dave mixed bag of investment and the two companies showed nearly Whelan is also involved with development assets in Central £194m net assets. around £230m. Quoted property group Derwent Bewley Hotels The Ainscough family had New entry has seen its share price rise around 90% of the shares worth smartly in 2009-10 and it is now Slaney Meats group. and leisure chain. Investments. is now in the New York commuter belt to £190. He added to his US fall sharply from £27. and Michael Powell. such as Ainscough son of property tycoon Lord £71m net assets in 2008. £50m. 53. 52. Aries 22 University of Ulster.5m Wigan Boys the Millford Retail Centre. won consent worth around £220m. Lord Rayne turned chain in 2007. Properties & Investments. now worth £24m. he should still be 58. Scorpio 16 A chartered surveyor by trade. 73 North’s most important retail Alastair & Michael Powell Cable Properties & developments and he has further shopping centres in the South. He and his cousin Bill. the DW Sports Fitness retail assets included. Capricorn 30 Dr Gerard O’Hare was awarded a The Rayne family’s London Leo 29 CBE in the December 2009 New Merchant Securities merged with Taurus 28 Year’s Honours List for services to Derwent Valley in 2006 and they Cancer 24 higher education and regeneration.6m in his same family O’Hare Developments British will.Whelan. 71. His Parker Green International company is behind some of the 71 £209m bioenergy field. Past for the youth facility in May the collapse in asset values.8m to extensive charitable works. including and are now moving into the Belfast’s Waterfront. the family should be Rayne.1m on sales up from £217m Martin Ainscough. James and Brendan.com 29 . are shopping mall in Connecticut. After tax and worth just over £1. a Wexford. which excluded Gemini 33 2009: £220m (No change) assets held in France. for showed nearly £72m net assets in and Girls’ Club. Ainscough. sites to hold and develop on a his family’s tailoring operation The brothers reinvested some Sir Stanley Thomas long-term basis. owner of and Eastern Europe. The devoting more of his time to valued at more than £125m in net assets rose from £117. dividends and other smaller this year. we value projects in Northern Ireland the Rayne family at £220m. 68.45bn. or even three.

In £38m. to £197m in today’s the family-owned operation. The main family operation. used to chair in 2006 for a sum reported at Brennan. mostly in Chepstow. take the Brennan 240 jobs.com 20 November 2010 .estates gazette rich list 2010 73 Richest in Ireland No Name Wealth (£m) 27 John Magnier 540 £200m 34 46 JP McManus Kevin & Michael Lagan 490 350 Michael Oglesby & Family 46 Stephen Vernon 350 Bruntwood 58 Sam Morrison 296 2009: £295m (-£95m) 59 Sir Michael Smurfit & Family 295 67 Gerard O’Hare 220 72 Bert & Maurice Allen 208 75 Charles Kenny & Family 198 76 Joseph Brennan & Family 197 89 Francis & Shamus Jennings 166 93 Frank Boyd & Family 160 93 Michael Herbert & Family 160 106 Ken Rohan 147 126 Andrew Creighton 120 manchester tycoon 138 142 Jim McGettigan Martin Birrane 114 110 Michael Oglesby’s Bruntwood is still actively buying good quality sites.7m in its last accounts operations. Mabey St Stephen’s Green. including the Versace at making it the biggest UK and managing prime office shop in Bond Street and the manufacturer of wind turbine buildings in the city since the Hamley building in Regent Street. 228 Tony Leonard 52 75 Charles Kenny & Family £198m With other assets. has unveiled plans South Dublin-based Charles substantial property assets in for a £38m expansion aimed Kenny. 75. 2009: £200m (-£2m) 2009: £200m (-£4m) The Kenny family own most of Clancourt Group. The expansion will create active in Limerick where it sold Finance. 183 Bill McCabe 78 Bruntwood is easily the busiest developer in Manchester. Manchester. Mabey Holdings. The group has also been Other assets. 160 Patrick Kelly 90 After leaving school at 16. before both realised it wasn’t working and he went to college 167 Edward Lonergan 85 to do a degree in building. towers for onshore and offshore 1960s. Its net assets came in at £146. hire.5m to £12. forming Bruntwood five years later. we value the 77 David Mabey & Family £196m Kenny family at £198m in today’s Clancourt difficult economy. market. In the current 209 John Miskelly 60 climate.estatesgazette. such as Century sites. offshoots that specialise in plant Clancourt started the largest Dublin’s biggest bakery. has been developing London. the Parkway Shopping Centre family led by 68-year-old Joseph David Mabey. including The Crescent. The Brennans also have some Bridge. Joseph Brennan Bakeries. One of its subsidiaries. He owns 195 Mark & Kathleen Kavanagh 69 more than 80 office buildings in Liverpool. 49. owner of office blocks in Dublin’s Harcourt 76 £197m Joseph Brennan & Family Mabey Holdings was started by the late Bevil Mabey (who died in April this year) after the second Street. world war when he bought up The company is unlimited Joseph Brennan Bakeries spare Bailey bridges from the 2009: £170m (+£27m) but its main subsidiary showed army. 71.1m sales in the year to 201 James Egan 65 September 2009. Irvine Sellar the year to September 2009 it 30 www. he moved from Scunthorpe to 172 Noel & Miriam O’Callaghan 80 Manchester. Oglesby was an apprentice plumber to his 160 Lord Rana 90 father. Leeds and 198 Sean Mulryan 66 Birmingham.1m. we value it on the net asset figure. £247m net assets in its last filed Profits at family-owned The Reading-based firm has 13 accounts for 2005. property single speculative development approached £3. – a £200m scheme near filed for 2007. Bruntwood . is now one 183 John & Ciara Byrne & Family 78 of the most high-profile property tycoons in the North West. Oglesby. Limerick’s largest shopping centre. Other assets plus smaller 214 Jerry Conlan 59 but separate Bruntwood operations take the Oglesby family to £200m.6m on sales and construction-related in Dublin for many years of £45. saw its profits 198 Eamonn O’Rourke 66 increase slightly £11. it exchanged contracts to buy the City House development site in 159 Patrick Doherty & Family 93 Leeds city centre for £5m. 149 Frank Burke & Family 105 In July. steel fabrication.6m on £97. In 1970.

He worked for Carnation which have totalled nearly £68m foods and Gillette before opening since 1996.5m in a 2009 share Manchester-based developer Nikal into property. is the ultimate owner his son James. £6m in 2008 and £22. Sten Mortstedt & Family 79 We can see around £134m CLS Holdings 2009: £190m (-£4m) £190m net assets in a dozen Sellar companies. fanatical Liverpool supporter should be worth £190m today. investment portfolio comprising on the board of CLS as chairman since 1994. But its started AM Paper. France and Sweden. Nikal. remained under the radar locally property group went bust and CLS – a former investor in the Shard of Glass last year but has been making he lost £28m. Soapworks. with £206m 1.2m profit. has been delayed Altair in Altrincham. the rest family back to £196m. with sales rising sharply by building – designed by architect £16m to £684m. up revised plans for the much.com 31 . has a 20% stake in the tower. Murphy after tax and spending. in 1997.7m at the site of the Shard of Glass. 70. £28m net assets. It should the £2bn London Bridge quarter be worth £180m in the current and is the culmination of years mortstedt climate. which £18. developments. 20 November 2010 www. the £25m very much a reality. part of his stake for £100m. Sellar.000 net assets down nearly £24m at £153. loss in 2008 to a £26m profit in Europe’s tallest mixed-use 2009. Hare Hatch Holdings with nearly He sold up and in 1982. But he has fought development at London Bridge – has been active recently progress with work at Humber back since then. though sales were showed just £377. In 1991 his quoted buyback) make the family very well-heeled. which won planning Sellars at £190m.000 loss to an consent in May. it is hotels. is owned by a Luxembourg-based parent called Station in 2012. as a seller in the UK. which turned Mabey & Johnson subsidiary big reels of tissue into toilet rolls. and the separate his own supermarket. As the recession subsides. But we assume that the of labour for developer Irvine Gorvy family. a Swedish national. Renzo Piano – which will soar 81 The business. we reckon this wrongdoings. Murphy sold “white man’s handshakes”. breaching UN sanctions against after AM had grown sharply on Iraq and systematically bribing the back of £30m investment foreign officials with so-called in new equipment. 37. 72. Dividends. who works with the board. was fined £3. Group. while working Through his Sellar Property other assets in Germany. sources. which is backed by four £186m Qatari banks. the Alan Murphy.went from a £217. With the tower now they started to drift down again. We value the Mortstedt scheme in Salford. even for £50m. Share sales of more than £93m (including 2009: £180m (+£10m) selling up in 1980 and moving £27m in 2006. 62. Not bad for a former Alan Murphy market trader who became king The Mortstedt family’s stake in CLS Holdings is now worth Nikal Investments of Carnaby Street fashion before around £145m. would normally after becoming involved in the take the Mabey family to £200m wholesale paper trade. well represented on Sellar. went from a£3. in 2008.estatesgazette.016ft above London Bridge net assets. while also buying Quays in Hull.5m recently for Fifteen years later. Accordingly.3m. Hanover Construction is well under way Acceptances. 78 Manfred Gorvy & Family £195m 79 £190m Hanover Acceptances Irvine & James Sellar 2009: £170m (+£25m) Sellar Properties 2009: £165m (+£25m) Manfred Gorvy’s diversified property outfit. though it was the parent company With the property deals and which owned up to its subsidiary’s personal assets. offices and shopping The shares recovered after the crash but in early 2010 also gearing up for a major new centres.4m net assets. on property and value the family at £195m with past dividends. he now owns a property The low-key Mortstedt. is bankrolled by tycoon With £206. whose wealth company should be worth £140m though came from more prosaic in the current climate. we value the family at around £186m. The 87-storey tower is part of more is better for Quadriga Holdings SA. we cut the Mabey and two years later.

McCabe family at £180m. deal that valued the exhibition Bovis in 1964 at the age of 16. its new parent month.5m. which is involved in more than 35 years in the property developments in 11 major and Manchester-based Opal and leisure sectors. In his case it would be 40%. any likely tax bill should the new which included the Spratts game duke want to sell.7m we can see paid out to In July.4m site in Congleton.estatesgazette. 32 www. and in debt. which paying dividends. McCabe has the firepower for provider of high-quality student Three years later. owns it all. He such as NHS staff. left £7m loss in 2009 with sales down £320m in his will. showed £88. in June 2007 £24. In all. David Coffer operation at £380m. we still extend beyond the huge land value the new duke at £180m. and started working for end of July it put two properties. which included worth perhaps £180m in the administrators for £37m. founded in 1982 2009: £175m (+£5m) empire to Valad. 82 Kevin McCabe & Family £180m He joined the Teesland property group in 1971 and nine years later formed the on the market with a £53m price tag. Coffer’s property investments operation. With a career spanning 2009: £180m (No change) Group. McCabe put the 100. tourism and sustainable and cost a huge amount in upkeep.com 20 November 2010 . we value the centre operation held by David leisure interests in China too. Kevin McCabe Coffer and Anthony Lyons was including a controlling stake in sold in early 2010 to property a Chinese football club called Chengdu Blades. sharply at £40. At the stake was sold to Liberty in a surveyor. so we Meanwwhile. Scarborough sold the bulk of his property The company. its estate agency and game and we cut that back to take account of country enterprises operation.estates gazette rich list 2010 duke looks beyond his art treasures 82 The Duke of Buccleuch & Family £180m Buccleuch Estates 2009: £180m (No change) Buccleuch Estates.3m. renewable holdings were never very valuable energy. with net had a frenetic year. 85 David Coffer £175m at £40m. This highlights the ambitions diversification into property is of the Buccleuch Group.000 sq ft Glasgow HQ of Bank of Scotland on the market his family and trusts in a special dividend from the Scarborough Group in 2007-08. McCabe’s proceeds from the current climate. recovered from an £18m loss to a Europe’s largest landowner. substantial stake in the Chinese bought the centre in May 2004 for property company Top Spring Opal Property Group £245m.6m in 2009 but. 62. Cheshire. selling treatment of aristocratic art works.6m and net assets The art treasures and antique down £10m at £108. His Scarborough Group has a 82 Stuart Wall £180m giant Liberty International. food. St James Capital. – just before the property crash assets of £209. 56. 59. financial restructuring. net assets in 2008-09. the move was fast-growing cities across China. furniture were valued in the will The group has been at £224m. £142. it is building a rural reduce our art valuation accordingly property management operation to £134m. an Australian by Stuart Wall. But in practice with our re-orientating its business. planning permission was company. one in Exeter and one in London. the first 50% this. the property holdings of the 10th duke. It also provides affordable accommodation for key workers Scarborough Property Co. Scarborough Group Coffer Group 2009: £150m (+£25m) granted for a three-acre former International. The arm of the Buccleuch family. has significant investments. April the group went through a original sale should have been the Wall. the dividend and his Chinese Court and Olympia exhibition McCabe. In the same Even after that. He trained as a quantity accommodation in Britain. should be it bought Modus from the – for £865m. a 6% yield. Property group is the biggest one of the highlights in his career. With The final 50% stake in the Earls acquired through the Modus deal. immensely popular 9th duke. made a loss of Kevin McCabe’s Scarborough has property group. In February. food brand. and concentrating on commercial While the family’s huge land property activities.

to develop a buying a retail park at Kendal a 40% stake in its parent. But “more permanent presence on the as part of a wave of spending by his other assets take him to a Moon”. showed £95. The largest company win a contract from the European 2009. £175m architects. which showed nearly £143m building settlements on the lunar which recently spent £75m on net assets in 2008‑09. and showed nearly £43m net Companies House. In all. One of Northern Ireland’s leading The group also includes companies. residential. knock off the £2m he recently a London-based company donated to Yale University’s set up in 1978 to acquire real School of Architecture to fund a estate throughout the UK and professorship in his name. 78. With past salaries locations across the country. The mission. industrial. Coffer. Europe. Terrence Cole’s partner. Though the company made a which operates 27 acute clinics £38. Space Agency to test materials for owns the Cusp property group. Cole has surface. 63. which showed The deal valued the business then Mark Steinberg and Terence nearly £143m net assets in 2008-09. the Rotary Group. is also a serial director with more than he sold a 40% share to 3i. which was taken over by Australian firm specialises in business parks. But his have received around £120m and equity company in late 2009 to other directorships should easily keep him at a very be left with a stake worth £135m buy Median. and property assets he should It was a typically astute move be worth £170m after tax. Foster had an 85% stake until Marcol Steinberg. Hastie Group in a deal worth warehouses and distribution almost £100m in February space. a successful developer. he is best known for projects such as Hong Kong’s Mark Steinberg new airport. 20 November 2010 www. The Jennings family also we can see is Compco Holdings. too. Born in Stockport in 1935. rehabilitation care provider. Coffer continues to lead leisure agent Davis Coffer Lyons and Serial director with In 1967. Cusp.5m profit on £152. is now chairman. 85 Industrial Securities. the Jennings global slump in construction on Architecture & City Planning. Cusp reckons its property portfolio is worth £500m. the 2009: £175m (No change) 375 companies to his name. runs Marcol. up in value. It comprises at least 40 companies that develop and own property across Europe. 56. is working on the £100m St 88 Lord Foster £168m young Norman Foster performed well at school but left at 16 to work in the Manchester City Anne’s Square development in Belfast. Earth and is hoping for better Ballyrogan made a £1m profit With 360 directorships listed at luck on the Moon. retail and office sectors.com 33 .2m net assets in Foster Holdings He did his national service in 2009. London property entrepreneurs at Companies House is Compco Holdings. is part of the Aurora space Ulster investors on the mainland. he set up his own practice which later became there are various other Coffer Group companies with juicy 375 firms to his name Foster & Partners. 2008. the redesigned 85 Marcol Reichstag in Berlin. Shamus retaining some assets to work Jennings. at around £300m. But Ballyrogan Holdings The pair have been shrewd in (Rotary’s holding company at their dealings and sold off large the time of the sale) is still owned parts of their portfolios while by the Jennings family. Germany’s biggest conservative £175m. have grown a large portfolio with investments in the Cusp 2009: £146m (+£20m) care home. Steinberg and Tory party donor 89 Francis & Shamus Jennings £166m Cole. Lord Foster family should be worth £166m. It Treasurer’s office. conservative £175m. Cole’s holdings It is part of a group hoping to assets in the year to September are diverse. the Hearst Tower in New York and the Gherkin in the City. at the time. and we value it at £80m 2009: £170m (-£2m) the RAF and when demobbed in the current depressed climate. The largest firm we can see private equity giant. Foster should Cole teamed up with a private Steinberg has a 40% stake in its parent. We by the pair who run Marcol. in May 2007.1m sales with around 6. should be worth at least £175m. Architectural group Foster & in 1961 went to the University After tax on the Rotary proceeds Partners has been hit hard by the of Manchester’s School of and past dividends. the 2009: £175m (No change) £175m Mark Steinberg. Now regarded as one of the world’s top assets.000 beds in 19 in 2008-09. Terence Cole London-based property company the pair set up in 1978. programme. 51.estatesgazette.

Fulham Recycling to Barclays for an Pebble Mill.8m profit on a turnover of secured food retailer. But there was some Jerrold Holdings tonnes of scrap metal and made relief in March this year when it desmond o'neill features 2009: £165m (No change) £11. but reckoned to be up to £120m.9m (the 2007 figure had 140 Peter Dawson & Family 112 overlapping stakes. Morrisons. He owns a Anstruther-Gough-Calthorpe at 16 and worked on stalls as a private dock on the Thames and Sir Euan Anstruther. current climate.8m 186 201 215 David Russell Philip Davies & Family John Finlan & Family 75 65 58 93 £160m Sir Euan Anstruther-Gough- worth of freehold properties but states in its 2008 annual report that they are worth around 245 James Spencer & Family 45 £100m more than the book Calthorpe & Family value. business at £200m in the current climate. 61. Co-founded by low-key Henry £189m in 2009. owned mobile home operator 82 Stuart Wall 180 The family also has several and property developer based in 90 Henry Moser & Family 165 other separate. which covers 1.000 acre Norfolk estate in programme in the Calthorpe Frank Boyd & Family September 2008. asset). who House. Past 92 Eliasz Englander & Family £162m 44. In February 2006. has 138 £160m No Name Wealth (£m) directorships and a complex web John Berkley & Family 11 John Whittaker 1.com 20 November 2010 . We still value him at £160m. another waste company.7m 1717 but it was in 1985 that customers. 78.estates gazette rich list 2010 90 Henry Moser & Family £165m undisclosed sum. the company appointed London. Moser. who £165m Calthorpe Holdings plunged into a £12. its profits fell sharply 117 John Hindle & Family 130 totalling at least £100m. also has interests in America and property in Europe. he £100m University Science Park Franc Warwick to find a buyer sold the renamed Metal & Waste plan for the former BBC site at for its Victoria Place. He can afford estate. from £18m to £5.5m. William Ewart Properties is one north London. It had to sell off assets and change its strategy to conserve cash during the severe property which processes about 700. left school of net assets in 2009. That values the Moser family stake at £140m. as a tenant for its Galleries Moser in 1973. Broadway and Hammersmith 36 www.85m loss in 2008-09 when take little out of the business.6m to £6. Gary Widdowson its net assets also fell sharply from 93 Kenninghall Holdings £21. His father founded GD Metal leafy Edgbaston. We value them at £160m.7m to £69m also accumulated a war chest for would now be worth perhaps on sales of nearly £149. when it made Leisure Group. 2009: £160m (+£5m) Gary Widdowson spent £25m The company has been involved in an ambitious development £160m on a 2. The estate rise slightly from £68. 93 Brian Scowcroft & Family 160 companies with net assets In 2008. His trusts made around year to June 2009. The Berkeley Leisure Group 2009: £150m (+£10m) 19 Peter Jones & Family 673 the Englander family owns 31 Trevor Hemmings 500 Holborn Links with over £131m John Berkley chairs the Berkeley 73 Martin Ainscough & Family 200 net assets in 2008. smaller Yeovil. dividends should add £25m. Cautiously.000 downturn. 52. Recycling. with around £15.estatesgazette. a largely family- 73 Michael Oglesby & Family 200 an £8.5m for a easily be worth £165m in the off 300 acres in Hampshire for 30% stake in September 2006. 172 Melvyn & Delia Grodner 80 The company has £56. In March became the scrap metal king of Galleries development and a 2010. inherited his title from his late Gough-Calthorpe market trader. specialises in secured lending to property through Kenninghall The estate dates back to both residential and commercial Holdings. Jerrold Holdings Widdowson has diversified into development.060 of companies. Through Citywise. development. 93 Citywise 2009: £160m (+£2m) Richest in the North West Englander. Total grandfather and the estate was Jerrold Holdings saw its profits Waste Management.550 acres of Killultagh Estates 2009: £115m (+£45m) it. Barclays Private Essex-based Widdowson should £40m profit in 1999 by selling Equity invested £113. we value the Anstruther-Gough-Calthorpe. 76.4m profit . the Englander been inflated by the sale of an 142 William Ainscough & Family 110 family is easily worth £162m.5m in the property investments. Calthorpe Estates The shares are largely owned by 90 2009: £160m (No change) Berkley. and his family. winning £40m Calthorpe of the largest property companies But it was Gary. the £110m Edgbaston in Northern Ireland. and allowing for of £15.2m on sales 123 John Seddon & Family 126 In all. with one depot in This includes the award. £80m. He has part of his inheritance. Widdowson kept a 22% stake in the company.

Herbel prospered through The chartered accountant. John Lynch. its 25% top property man in 2006. as well as an operation in Wrexham. Herbel Restaurants. at Victoria Troubles as few rival fast food into industrial sites as he had railway station. They each own 50%. which 20 November 2010 www. in retirement homes through franchise for Haagan-Dazs ice the Scowcroft family had made its Oakbridge Retirement cream. and has land holdings of around 280 developed into one of the Brian Scowcroft’s business acres of development land in leading property companies interests seem to be faring pretty Scotland built up over the years in Northern Ireland. evolved into a high-quality property‑to‑construction operation.7m sales in 2008. in November 2009.Broadway shopping centres in Founded by Herbert in 1981. of the largest car insurance Land Securities. Kentucky Fried Chicken franchise selling stakes in the firm to Sun Caddick is expanding fast in Europe and also acts as a Alliance. Before his property work. with the success of though fell from £282m to The business has also opened in Kingmoor Park. business park portfolio.estatesgazette. chairs the in Belfast. 93 Brian Scowcroft & Family £160m past 39 years. is also house in 1957 and became one stake was sold to its partner. £64. has also branched out into property development in Belfast and Scotland in a big 98 John Lynch & Family £152m Ewart. of net assets attributable to Boyd with it. a restaurant tycoon. net assets in its 2008-09 operation fell £14m in accounts.5m sq feet of £100m. holds the largest In 1988. an Ayr-based property developer and investor current climate. In all. well. The group had £11m net assets in December 2008.1m loss on assets. Caddick had bought the stake in Belfast. we value the Scowcroft the previous year.2m net assets in its 2008 John Lynch (Builders) 2009: £152m (No change) an electrician and owned an accounts. Scowcroft. take the Lynch family to around for £110m. based companies in Britain. He has over 100 tenants are currently worth around It showed its financial muscle occupying around 1.4m the Kingmoor Park Properties climate. low‑key sister. the planned 1m sq ft Trinity 2009: £145m (+£15m) It was founded in the front Leeds shopping destination Herbert. has been sold to chains dared venture into Belfast the capital to acquire the land Network Rail for £95m. property-to-construction group in student housing before which has been built up over the moving on to acquiring nursing home sites and office market opportunities. By the early 1990s. It should be worth electrical contracting business £110m. when it made the Irish Republic and Scotland. the family started in 2007 for £75m.com 37 . 2002 when Frank Boyd and and we still value the business at at around £160m. a qualified London. One of his other companies. which includes his The company was formed in had net assets of nearly £80m. in September 2005 when new or refurbished buildings at Other assets such as farms. 54. significant 2009: £160m (No change) by his trusts. we cautiously 1. is owned Alard Properties management. the earlier £238. around £150m from the sale. was boss of The group was involved in Lebreh Swinton Insurance. Scowcroft. Andrew Creighton paid £90m £60m. and other Northern Ireland cheaply. way. 56. helped create more than Caddick Group 2009: £90m (+£60m) and his family. while we can see £182m 400‑acre Kingmoor site and. started out as £111. voted Northern Ireland’s room of his father’s Manchester but. He has ploughed around £7m of his own money into the 99 Paul Caddick & Family £150m In all. Janet Lefton. which Yorkshire‑based Caddick includes sites in Stockport and Group in 1979 and it has 93 £160m Michael Herbert & Family Leigh. In all. Brian Scowcroft Villages joint venture. it snapped up the Fareham his Kingmoor Park on the site of investments and properties Shopping Centre in Hampshire an old RAF base. 61.1m in 2008. for the Northern Ireland and British properties of a southern property group called Dunloe Herbert. 52. Even so. when it family. 2008‑09 to around £20m. But under Lynch’s shrewd Killultagh Estates. with a £300m price tag. William Ewart’s net assets towns. 53.8m profit after an £8m loss Herbel made a £4. His Lebreh operation had Boyd. value the family at £160m in the It is the flagship in Scowcroft’s Paul Caddick founded current climate. the net assets of £152m in the current economic Killultagh Estates had £51. We can see another £12m of net assets in other Boyd companies. Herbert and his family family‑owned John Lynch He began his career as a are easily worth £160m in the (Builders). went Victoria Place.300 jobs. Swinton proceeds and personal a £3.

The profits from past deals. in the current property assets.5m in 2008-09. include three in central London – property slump. which showed knock-down price of £46m more than planned. 43. has an impressive record of The son of a jeweller.6m sales while net reorganised but we assume that assets came in at £42. Caddick Group made a £2. Leslau grew up in a modest at the end of last year with the commercial. 2012 is likely to hit its finances O&H Holdings saw its net hard. 38 www. assets fall sharply from £478m to In the year to August 2009.1m – a 6.com 20 November 2010 . sale of an office block on Conduit development. Donnington and the Dove Valley business. Eaton Place and the start of the credit crunch. the Gabbay and Shahmoon The Caddick family – led by families own half. £255. Wednesfield. his Max stake. W1. 99 £150m 99 £150m Charles Clowes Clowes Developments 2009: £130m (+£20m) 99 Nick Leslau £150m Eli Shahmoon & Family O&H Capital 2009: £250m (-£100m) East Midlands entrepreneur Prestbury Investments Eli Shahmoon. Edgware Road.estates gazette rich list 2010 plans to build three retirement villages in the UK each year. 66. retail and residential three‑bedroom house in Cricklewood. 1990s 1 70-year-old Clowes. 51. Gabbay. dividends and Park in Derbyshire.estatesgazette. After training as a chartered surveyor. market by picking up bargains. In all. around £255. and Leslau has a near 52% stake. regular upward rent reviews. and his personal 1970s 4 valuation and. Max intends to exploit the weakness in the UK property 2008-09 accounts. Castle with Nigel Wray to build Burford Group into a £1 billion owns half of the business. 1920s 11 It has nearly £59m net assets Prestbury Investment Holdings had £65m net assets 1930s 65 but reports in the property press in 2009.5m net assets in its in late 2008. It was property‑to‑construction group. valuing Leslau’s stake at £20. demand from the institutions ago.8m The parent company has been loss on £64. In his 20s. industrial land in Corby. In 1997. to Threadneedle for These include industrial extra in pop videos. Past salaries. The group also shares 99 David Gabbay & Family £150m ownership of the Headingley Carnegie Stadium home of Leeds O&H Capital 2009: £250m (-£100m) Rhinos and Leeds Carnegie (formerly Leeds Tykes) rugby Gabbay and partner Eli teams and Yorkshire County Shahmoon have had a tough time Cricket Club. hefty 1960s 38 We cannot accept that dividends of more than £40m since 2000. Leslau correctly anticipated the Shahmoons to £150m. easily take Leslau. entries include two. we value the business on trusts own more than 90% of the net assets.4m. we settle for £150m for today’s still difficult market. we value it at £100m.38% yield.9m profit on £11. even in 1980s 1 climate. and his family must Other private assets and sale be worth around £150m with proceeds take the Caddick family past salaries (more than £30m a model mogul to around £150m. and the pair sold off properties well before in Harley Street. he started his Prestbury operation. Leslau redeployed the money elsewhere in budget Rich by decade born Clowes owns all the shares hotels. to £150m. private healthcare and theme parks. distribution portfolio for the the first flotation in London of the year and raised £20m O&H Holdings. recently but still have substantial But the lack of England test assets in their O&H property matches at Headingley until operation. north London. or even three. In the current 1940s 83 suggest that Clowes is looking to climate. The company is now worth O&H capitalised on renewed established more than 40 years £224m. people from £1. 1950s 77 sell up for £300m. from 2001-08). all of which Note: there are more than 250 in total as some in the company which made hold up well in recessions.5m. parks. which other assets should take the Its investment properties he co-owns with Wray. £24. he teamed up The Shahmoon family Birmingham. In the current 60-year-old Paul Caddick – and climate. we reckon the shares. is the 2009: £130m (+£20m) Charles Clowes bought Wilson partner of David Gabbay Bowden Developments’ Nick Leslau managed to float his Max Property Group in the London‑based 290‑acre industrial and on the stock market in May 2009 valued at £220m.4m sales in These assets have been secured on long leases with the same family 2008‑09. he was a part-time model and appeared as an Street. Clowes Developments.

London & he built in the heart of the area. group in the 1970s.3m to £7.estatesgazette. including Condor Aviation. underway. 63. and work finally started on the Profits at Irish property company where he is also a director. he is in the right area on the north side of Dublin as The company reports strong at the right time. learnt about in Ireland. a 2009: £165m (-£18m) anyone leaving King’s Cross sees London‑based property operation.com 39 . Ken Rohan net asset figure. owner Ken super-prime market in France in Dale’s new Covent Garden-style Rohan. site in the summer of 2010 with a Airspace Investments fell sharply The company specialises in the completely new building behind in 2008 from £26. each of his three children a 14. gave In 2008-09. a long time racehorse owner. horses are his pride 99 Sir Robert Ogden Ogden Group. UK Real Estate. now with recent dividends. 105 Nick Capstick-Dale £148m Since then. the 74-year-old Ogden is businesses and assets which underwrite Ogden’s passion easily worth £150m.3m. assets. he sold all his Ireland to join the Rohan Group. He has a number of property and the fine collection of horses.5m. It has in 1989.8% City made £689. and its London commercial property working for an estate Rohan also has a strong UK properties and expects that its agency for four years. But his long association with the industry ended and Nevison Properties. concentrating £138. assembling an impressive In all. properties. John. with more than £68m net assets in 2006 when he sold his coal washing and processing business between them in 2008. bloodstock auctions in late 2009). which was set up in the 1960s by We value the business on the A year later he was buying his brother. Britain and Barbados.000 profit With the Eurostar trains now stake in the company. In 1986. despite the property crash. With other back some of his assets at a 40% became managing director of the assets. he should be 2009: £122m (+£26m) around £150m net assets. he property portfolio.6m sales. But with many other private interests – A Ogden & Sons – for £24. on £48. well as a range of other interests demand for its French assets Capstick-Dale. In May 2009. worth £147m in the current Property investor Nick Capstick-Dale has very low climate. Ogden now runs a number of companies from his Ogden. when it showed £125m net London lettings market and the It follows on from Capstick. 48. Nick Capstick-Dale be worth £145m. but its using the St Pancras international Rohan is involved in the net assets jumped from terminal and a huge regeneration industrial sector. rental income will grow to £50m started trading in property and. banking crisis. but he has another stable star Newmarket. Harris. 107 £145m 106 £4m in June 2006 buying Graham Harris London & City Group Holdings The Lighthouse building at the junction of Gray’s Inn Road £147m 2009: £117m (+£28m) in London. should easily discount. Ken Rohan Graham Harris owns London It is the first building that Airspace Investments & City Group Holdings. £150m 2009: £115m (+£35m) Sir Robert Ogden received a crushing blow in 2009 when his race for horseflesh (he was a big purchaser at the Tattersalls. He worked in the London Stock over the next three years. three months before the Exchange before returning to no funding problems. with other assets and UK Real Estate long‑term portfolio. through his main company. he has been We can see another £3m net assets attributable to Rohan in other smaller companies.1m fast-moving and ever-changing the old facade. made his fortune Yorkshire base. horse Exotic Dancer died at Aintree.8m to £143. 20 November 2010 www. Ogden Properties through coal. leisure-to-retail complex which property man from Wicklow. in the shape of Voy Por Ustedes. Capstick‑Dale made a smart borrowings and has been able to move by investing early in the area surrounding London’s Kings Cross. based in London. a 66-year-old veteran Paris and around the Alps. He spent nearly buy sites in the downturn at huge discounts.

we value the McCarthy family at £140m. is run by £140m brothers Spencer and Clinton McCarthy. moving from a £28. Croudace Homes recovered in 2009. With the earlier sale proceeds and other assets. a victim of the early 1990s property positioned to take advantage of Ronson. As a result.8bn bid for the Distillers drinks company. which The planned £100m sale of the Retirement Living predicts a was floated on the stock market business had been abandoned in shortfall of 62.estatesgazette. & Family Croudace Holdings and Maybrook 109 2009: £125m (+£10m) make a £4. put in £44m of his own money. This is why it showed nearly £43m net assets.com 20 November 2010 . On the back of this huge generosity Heron property empire and a £600m fortune. Ronson has the £130m. John McCarthy. May 2008. Credited with being the most successful speculative developer in the region.3m net assets.5m profit.500 retirement in 1982. it is He grew the business but left The potential buyer.4m Clinton McCarthy & Family They learnt all about the loss into a £1. His sons are very much ronson flying high with heron in the driving seat at Churchill Retirement. rebuffed bid for the operation by to cut its price in the light of the based operation. downturn.5m £160m in 2008.5m profit. Marshall. £145m Then he became embroiled in the 1986 Guinness scandal. rather than yet more offices. 46. made a £22m profit and showed £434. He more than £77. bankrupt. But he is now looking Snax 24 petrol retailing business which made We add £6m for past dividends to turn that into a 5-star hotel development £1. it is easily worth £60m.2m at Chris 107 Marshall’s Leeds-based company. But Ronson emerged from prison any upturn.8m to £107. Specialist house builder Churchill set up McCarthy & Stone. Hyde defying the downturn by buying in 2004 after backing a first Housing Association. we clip him back to £145m. 71. cash reserves. Heron nearly went banks. Marshall Holdings is well July secured its first tenant. After seven years in construction. homes by 2020. demonstrating Ronson is cautious in his plans. late 2006 to finance what he calls a “six-star” makes much of in his 2009 autobiography. 110 Chris Marshall & Family £136m Marshall Holdings 2009: £130m (+£6m) Profits fell in 2008 from £16.9m profit on £197. With strong Ronson is regarded in property circles with awe for his ability to do a deal. 40 www. Even so. Outside Heron.9m its resilience. rose from £153. wanted 60 new sites. Ronson served six months Not that he needs publicity for when he does a deal the rest Gerald Ronson & Family of a 12-month sentence in Ford Open Prison of the market sits up and takes Heron after being convicted of secret share buying notice. runs the company started by his great grandfather in 1901 in a very low‑key manner. The Hampshire. Ronson revealed recently that over the past 25 to 30 years he has given away £35m to 111 £135m Anthony Brotherton-Ratcliffe In the 1970s and 1980s Ronson built his charities. The Churchill Retirement Living retirement home market from Caterham-based company has 2009: £115m (+£25m) their father.estates gazette rich list 2010 £74. and the Oman government backed him in and rebuilt the operation – something he Despite the economic climate. net assets in 2008. spot a bargain or make a turn. the Heron International.7m to just under 794 ft structure will be ready in 2011.4m. a good relationship with the City has now reached its full 46 storeys. which has recently been valued at about £120m. Ronson earned a £12. and in At the same time. 24-storey Heron Plaza. the parent company. McCarthy stood down credit crunch and subsequent year to May 2010 is expected to as chairman and sold his stake for collapse in the housing market. when to the Marshall family. which in the his sons. It is easily worth Next to the tower he is developing the salary in 2007. Marshall Holdings’ net assets scheme. 71. Marshall reckons that 2009: £180m (-£35m) agreements in connection with Guinness’s with a solid balance sheet and Gerald Ronson’s £500m Heron Tower in the £2. Marshall Holdings.3m to £5m on sales down from £114.2m sales in 2008.

started in 1950. around £135m after tax. He died in The business. sale proceeds. But opposed. Between them. two property and In the light of the failed sale. leisure. Bramall’s proceeds faring well. 114 Tony Bramall & Family £132m Bramall Properties £135m 2009: £92m (+£40m) Peter Horton & Family Tony Bramall spent £18. 20 November 2010 www. which was The move effectively scuppered 2009. the family also own assets. Broadland Properties He raised eyebrows in the 2009: £120m (+£15m) Jack Brotherton-Ratcliffe. which Bramall had in family hands and is now run by the year to September 2009. 74. car trade in April 2006 with who served in the RAF with A chartered surveyor by training. stake. for £222m cash. he began to £116. car dealership.family big in midlands Other assets. his third foray by paying £56m distinction during the second John Guthrie chairs Broadland to acquire a stake in Lookers. called CD Bramall. also had another Group. Horton Estates made £6. including made a profit of around £22. when the shares were trading at farming ventures. in the period from portfolio across the retail. later taking over the reins. After training as to September 2009.3m sales in the year The family‑owned company the car trade.5m in Hortons’ Estates February 2009 acquiring a Leeds 2009: £160m (-£25m) office block using his own money and no debt.8m sales in for Lookers. such as White Rose Finance (£5m net assets) 111 should take the Guthrie family to perhaps £135m after tax. the Scarborough Britain’s second biggest quoted and bought out the business property operation. the family had £36m office and industrial sectors.3m profit in 2008 Ka-Shing. take the family to £1. we value the three businesses just 9p. entirely in 1950. of the Merchant Retail business should have been £18m.2m on £27. following other assets after tax to the collecting £45m for the family the retirement of Michael Horton family.3m after tax and reinvestment of £35m of dividends from on the deal. of net assets in the 2009 accounts when they showed over £89m Guthrie. Li We can also see another £34m around £8. Peter Horton. netting £76m and initially involved in minor for his stake. Bramall & Jones. Croudace was actually founded in 1946 by Oliver Croudace 111 John Guthrie & Family £135m Harrogate-based operation to the much larger Pendragon in a £230m takeover. £46m. car dealership. and nine years later Bramall board of Hortons’ Estates as £20m for past dividends and agreed his first takeover by Avis. the two made to Hong Kong billionaire. we value Broadland at £120m. Bramall’s money comes from profit on £15. aged 90.5m into his second car one part of the property-to. 74. he sold the the Brotherton-Ratcliffe family. the company “many years ago” Winterquay. the Bramall family is at around £120m. contracting works.8m largest property investment and Sheffield estate agency. saw its profits fall rival Pendragon’s £245m bid But the business still remains to just £2. picked up 10% of of Bramall Properties and net assets. It was seen as a cash- rich buyer taking advantage of falling property prices. which are winner from the May 2005 sale March 2010.com 41 . development companies with a his life-long association with the However.estatesgazette.3m Horton as chairman in 2008. so Guthrie easily worth around £132m Other assets. now £115m.2m. slightly below the net The company was floated in leads the Horton family on the asset figure. 60. world war. Aside from Croudace Homes slightly below its £127m net Bramall. The takeover price valued In all. deputy chairman. That stake is now worth his son Anthony. housebuilding operation run by In January 2004. But retirement did not beckon then and in 1990 Bramall put Croudace Homes is but 1993‑2005. 41. We value the company at dealer. but the net remains one of the Midland’s an accountant and working in a assets fell sharply from £149. adding more than 1978. each share at 197p. Croudace Properties Group and Guthrie was the biggest that was sold for around £24m in Maybrook Properties. car trade in 1963 when he joined 1996-2009. his father’s Sheffield-based car of dividends before tax. arrived as a partner Properties. venture.

a London and other developments chartered surveyor – grew up on Rumford Investments 2009: £130m (No change) in Eastern Europe. They started by buying Plaza hotel in Monte Carlo. though Israel. owns it all. of the City. they Provençal Hotel into 60 with other companies such as the developed office and industrial apartments after it had been left £7m Angelic Interiors. the Angel Group central and northern Europe. Dennis spent chain of smart boutique hotels They sold their cars in 1987 for more than £23m acquiring the and top level wedding venues. their company. decided he liked the business.estates gazette rich list 2010 pearl’s strategy pays ofF 115 David Pearl Structadene £131m 2009: £147m (-£16m) David Pearl left school at 15 and spent four years packing cardigans into boxes to earn his living. for any debt in the business. Davey’s space in the Midlands. 115 Julia Davey £131m as Number One.9m world. He switched to property on the advice of an estate agent friend and. Currently. known shopping centre for around the site for just £2m. Cyprus. a London-based Steve and Clive Boultbee Brooks Lehman Brothers.000 to take on the property 403-bedroom Le Méridien Beach The group made a £2. £390m. 65.5m to £23. which has sold off three Swedish shopping value the pair at £130m. 2009: £131m (No change) Julia Davey was an estate £130m Smaller companies add another £5m net assets. for a landmark 42-storey tower 2008. We add £4m for his stakes in smaller companies such as the Good Vibes gym chain and his past salaries. has a 3. Last year. more than £80m. Boultbee. has a good pedigree We add another £51m for her It is in the Nordic region that in shrewd property deals. we property operation. and a farm in Staffordshire.6m thanks to a strategy of selling off assets. 47. Cautiously. Dennis. in Shoreditch. he is 2008‑09. agent before she branched out Steve & Clive Boultbee The banking crisis in late into the renovation and sale Brooks 2008 forced the Boultbee Brooks of apartments. at an advanced stage.3m net assets and.com 20 November 2010 . crash. and Clive. accommodation contracts and. 53. she built the previously provided by the failed Angel Group. 49. he bought in London Docklands. after two days. 42 www. £5. it sold Helsinki’s Kamppi Nine years previously. After 10 years Boultbee to replace £80m of facilities 2009: £200m (-£70m) of hard work. his Structadene business saw its profits rise from £4.estatesgazette. a mechanical engineer and intrepid 117 Cyril Dennis & Family £130m is involved in major projects in polar explorer. when 117 Angel Group it made a big loss of over £43m. the acquisition of properties and developments.5m sales in and redeveloping industrial space In nearby Antibes. profit on £31. at around £131m. In March 2009. We value Structadene on the net asset figure. He sold property and personal assets. The funds will be reinvested in in parallel. 66. The brothers – Steve. allowing started to move into government centres in June 2010 for £125m. After empty by its previous owner for business assets should be worth narrowly surviving the property 34 years. He became a frequent seller at auction and intends to reduce the size of the portfolio by as much as a third over the next five years to reduce Structadene’s £838m of debt. we value Davey. The brothers have more than 80 companies.3 acre site on the Isle of Dogs With a planning application done really well in recent years. In for £47m in September 2006. down again on the previous year. The company’s net assets came in at £127m. It is also building up a their father was a stockbroker. Pearl. on the fringes converting the former Le It has £64. they turned to retail. In the 1990s. the biggest being Boultbee Construction with £126m net assets in 2008.

8m on sales of £10. 58. 76.2m to £112. netting a profit of £50m 117 John Hindle & Family £130m Mathias & Miriam Kraus Pall Mall Investments (London) 2009: £100m (+£27m) in the process.7m. to £3. assets. we can see around 50 Brookhouse Properties Mathias and Miriam Kraus.2m. while Inspired The business is run by John slightly at £13. it made a £4.5m maintenance contract 193 Nicholas Porter  70 Hindle family and.2m. Dennis has also secured dealer father. doubling its turnover company website. Docklands at the fourth attempt. we February 2010. is owned by a 123 John Seddon & Family £126m 93 John Berkley & Family 160 Luxembourg-based trust. 122 £127m In 1994. No Name Wealth (£m) net assets of £139m and a rent 18 55 55 Prince Charles  Harry Hyams  Charlotte Townshend  680 320 320 roll of £14m.8m to Profits at 73-year-old Sir Richard generations of the family. the Berisford Group. and owned by his Sutton inherited the title from regeneration division. Today. industrial and residential property group. £155. before it moved to the Connaught £123. has worked on £908. and taking on 400 more staff 117 since 2004. held by Brookhouse. to the Kraus family. we keep the It is run by veteran property But with the property Dennis family at £130m. business on the net asset figure. including 68. 109 Clinton McCarthy & Family 140 Nevertheless. the he currently owns. adding £30m for his own property business with a portfolio spread across the UK.8m development and golf club £125. approval for a development at Coldunell in 1959.6 net assets. which the property auctions market. But this is difficult to firm up as the parent company. both 2009: £90m (+£40m) small companies. now chairs the company but John learned more from his property The Suttons have valuable Clive Boultbee Brooks Seddon. and has downturn easing.3m Seddon Group 2009: £85m (+£41m) 117 Steve & Clive Boultbee Brooks130 profit and showed nearly £82m 121 Sir Richard Sutton & Family 129 net assets in 2009. London’s Park Lane Peruvian Wharf in the London Dunsdon is renowned as one and the United States. other assets. The company reports that it We add £1. which made a They have around £50m net developer. taking into for a social housing provider in 219 Dan McCauley  56 account other company assets. role in Grimsby Town Football was recently touted as a possible He began his career attending Club’s plans for a new £15m location for the UK’s first giant auctions at the Fur Trade House stadium as it will be built on land casino.000 profit in 2008-09.4m for past dividends Richest in the South West has a £240m property portfolio. we value the been in business since 1932. a Sale-based (London). After a spell advising its net assets at £100m in today’s £2. assets. adding £5m He began his development Rooms in Bloomsbury in the for past dividends and other work as the half owner of an early 1970s. PÄl Hansen John Dunsdon & Family Coldunell £130m 121 £129m Sir Richard Sutton & Family Steve Boultbee Brooks It is part of the Cheshire- based Seddon Group which was founded in 1897 by two Lancashire bricklayers. since 1999. A £67m in the City of London.4m to £125. £2. PÄl Hansen family and trusts. is here as the senior 20 November 2010 www. of the shrewdest operators in Sutton will also play a crucial He has owned the site. In 2008-09. Somerset. Dennis sold 75% of the portfolio to Legal & General for £116m. Dunsdon had his father in 1981 and runs the The first non-family member a surveying background but property-to-farming group.estatesgazette. Seddon Property Services landed 140 Jonathan Hitchins & Family  112 We assume it is owned by the a £19. Developments is the group’s Dunsdon. 228 Mark Kay  52 value the family on the £130m This explains why the company net asset figure given on the is on a roll.6m and sales were up management. own Pall Mall Investments Rumford Investments. the Isle of Dogs sale. who founded acreage in Lincolnshire. which he We value the company below gave the Conservative Party sold in 1987. man John Hindle. 2009: £130m (No change) Sir Richard Sutton’s Settled The modern Seddon Group Esher-based property company Estates was created in 1957 and it is 2009: £115m (+£14m) Coldunell saw its profits slump now run by the third and fourth in 2008-09 from £5. 75. the company Essex housebuilder. Brookhouse Group. Sutton’s Settled Estates rose It is also involved in property Its net assets also fell from sharply in 2008-09 from £2. a North London-based the Dennis family and trusts.6m. he built up climate.800. We value the estate on its completed in 2006 by Dennis.com 43 . With the developments in schemes from London Docklands and has net assets which fell from the pipeline and the profit from to Glasgow. development in Liverpool was also birthplace of modern auctions.

market. Kensington and Notting Hill. in 2008. is a London-based property operation. Roberts a strong balance sheet. who £1. the Michael Shanly Charitable Trust stepped in to ensure that an outdoor showed £232. and add £12m 2009. 54. are directors of J developers. and Robert Northern Ireland’s leading Slowe.1m net assets. 13 significant but separate But cautiously. Fawn James inherited the bulk new kitchen. the firm made a £4. With partner Frank Boyd. at £120m in building in Soho that came on the companies. In all. 73. he now runs Edinburgh House Estates which. Buckinghamshire is fertile Hazelhaw Properties with who started out on his path territory for Shanly. a former electrician. Roberts has a near 78% stake worth £110m in the current climate. Its parent. Belfast’s history.8m sales in figure at £110m.7m sales and showed biggest property deals in record net assets of £177m.2m.8m net assets in 2009. 126 £120m 124 Michael & Robert Slowe £125m Andrew Creighton William Ewart Properties 2009: £90m (+£30m) J Leon A former plumber. for Shanly’s past salaries and With other assets. despite its and other assets to the wider including Lanyon Place. more Raymond’s property business in 1970. sales. should take Roberts. year and has sold one – next to Soho Estates 2009: £120m (No change) The charity also helped the Victoria Station – to Network local Age Concern charity with a Rail for £95m. which showed in 2008. Windsor Edinburgh House Estates (Holdings). In January 2010. with art made an £8m profit on £253m But other Shanly companies. a family-owned property investment and holding company. add its £85m net assets figure. Michael Shanly This formed the basis of 2009: £82m (+£40m) William Ewart which. centres for £300m earlier this Family the Thames-side town. in today’s market.9m in 2008. Aside from property. We value the businesses at heart £41. £3. 64. than £125m of net assets are grew as he moved into upmarket He chairs and owns at least attributable to him.2m profit on £2.estatesgazette. Dublin‑based Dunloe Ewart. We can see other companies of the property fortune owned by The Thames Valley and owned by Creighton. 49. 126 David Roberts £120m and family are very low key. It has £60.8m profit. We value the company on including Sorbon Homes.3m in 2002 through one of the Edinburgh House Estates 2009: £105m (+£15m) profit on £6. 75. to £120m easily. the buying out the Northern is best known as the man behind the philanthropic David company is easily worth £120m Ireland property holdings of Roberts Art Foundation in London. the company William Ewart Properties. made a £1. such as a stake in Bawtry Properties. David Roberts sold the majority of his UK portfolio in 2004 With low borrowings and The pair spent £90m and headed to Germany. Andrew 2009: £95m (+£30m) Creighton has become one of Cousins Michael. and three London-based on turnover of £52. around £79m further net assets The Seddon family also own Seddon Properties. including her grandfather.com 20 November 2010 . His art collection and other assets. the Seddon Group 2008.4m net assets and a £3.8m net assets. We add £5m for dividends gaining around 12 properties. Paul Raymond. Seddon family should easily be worth £126m. A former chief executive of Bourne End Properties. which made a Tycoon company. the wider other assets. The company began marketing 126 Fawn & India Rose James & £120m activities centre costing £3m its three London shopping could be developed in Marlow. to riches through top-shelf founded the upmarket Michael and Dorgan Properties with magazines and Soho clip joints. we value but he never failed to buy up any building or development Creighton. In Creighton came to prominence 2009-10. Howden Sirocco site. along with an area around Cathedral Way which has been touted as a new retail from £165m to £141. extension.5m net assets and turned in slightly below the total net asset £2. the name. when its net assets fell 125 Michael Shanly £122m properties.6m profit on £13. with a 50% stake in Leon. Slowe family. 44 www. Based in London. Shanly housebuilding operation £1.estates gazette rich list 2010 property family member representing the His main operation is Sorbon family and trusts which own the Investments. today’s climate.1m sales in In 2009.3m profit House.

and Gibraltar. Gredley’s racing interests. company – Anglo Scandanavian minority stake in 47 cinemas in Poland. Soho Estates Holdings. He reinvested the rest. 20 November 2010 www. made £16m profit on £26. Sir Stuart Lipton. Estates – showed more than But in the current climate and after the hefty losses a £13m dividend in 2002-03 £95m net assets in 2006. led by Gestrix. is also a shrewd in 2006. which he owns jointly with Raymond was always Caspar Macdonald-Hall. the old site will be redeveloped But it is racing where he has properties for Scandinavian in a £500m scheme. He kept the rights to Group operation showed a accounts in 2007. and were Today. turning his £56m into £82m. But with the huge asset base in We add £5m for other assets Soho. the property company of Elliott £118m Bernerd and another property veteran.3m veteran still in the 130 Jeff Smith £119m sales in 2008. £118m after tax.8m sales in 2009 and his late daughter Debbie. £56m. 64-year-old Smith is worth £119m. consultancy. It was the heavyweight backing of Qatar pensioners to a three-course involved in the London property which enabled Elliott Bernerd. 24. to land the American embassy site in London’s Grosvenor hundred to Great Yarmouth on The 50-year-old low-key Square in early 2009. Bill Gredley & Family 126 lost £101. we can see some cancer. Five months later. Chelsfield Partners.com 45 . a director of the Raymond 132 companies in 2007. 77. but India Chelsfield 2009: £219m (-£100m) Rose is still too young to join the business.6m loss in 2008-09 when its profit. would has more than £130m net assets. we lopping off a further £1m for his generous donation to see with net assets of £2m. worth £65m. with a raft of heavyweight Unex Corporation 2009: £95m (+£23m) £120m backers. who has been fighting familiar on the turf. Chelsfield. at Chelsfield Partners. however. in 2009.estatesgazette. He also takes several market since his mid-20s. 65. It also shows only modified Bernerd also has the separate Chelsfield Investments net assets fell from £116. £10.3m deal mix 2009: £65m (+£54m) net assets in the magazine Smith’s main wealth is in a business. £4m assets in 2009. Bernerd sold the property developer. When the Americans leave for a new an annual summer day. His silks – yellow. we cut Bernerd back to £120m. the daughters of on £31. It has £372. floated on the stock market in 1993 and and St Leger by his famous horse he is a director.9m to accounts now. he also took a one-third owned by Gredley and his family Another dissolved Versteegh stake in a £400m European property fund and acquired a trusts. and yellow striped sleeves. Commercial Estates and in June it worked with Olayan Group to buy £580m white cap – are among the most Management.7m. which is involved in large projects in Italy £102. he has treated 700 Gerard Versteegh has been immediately. also disclosed that at 31 December 2008 it was in breach of certain financial covenants on £155.1m see more.3m in 2008. In December 2005.8m profit Rose James. take keep the Versteegh family at the Saving Faces charity. the family. and smaller companies we can In the current climate. His Unex Gestrix showed only modified business. In addition. Gerard Versteegh Holdings since the accounts were audited in September 2009 has Every Christmas for the past 2009: £120m (No change) eased the pressure and the loans do not need to be repaid seven years. worth around Gredley. determined that Fawn and India The firm made £12. pocketing £45m from selling User Friendly.7m the name Chelsfield and naturally started again. Proudreed.7m of loans. which showed £191m net assets part of his stake. Paul Raymond property company. Swede started managing embassy south of the river. previously ran another Chelsfield operation. AIM was subject to a Fawn. which value the granddaughters and makes aircraft seats and safety family at £120m until we can systems. made his name in the wider companies in the UK through In March. then took private in May 2004. in the company. him and his family to around around £120m. Smith also had a £24m stake Cautiously. Publications. Bill Gredley is well liked by the Gerard Versteegh & Family But the slight improvement in the property world pensioners in his neck of Suffolk. of Knightbridge assets. His will left Smith’s stake there should be £75m to his granddaughters. the main Raymond company. In all. we still in AIM engineering. to beat off competition lunch. but its parent had International. but £12. there are £27. most commentators think such as his Hampshire stud farm there is a lot more tucked away for and string of racehorses. We value the company. having finished a degree in social anthropology at St Andrews University. inherit his estate. black his London-based property to buy a 50% stake in Elizabeth House in SE1 for £85m.8m Proudreed net assets. became 130 Elliott Bernerd £119m management buy-out in June 2010. Profits soared to £15. on the net assets. which carried to victoryin both the Oaks asset‑rich companies where he founded in 1986. Chelsfield teamed up with London & Regional world. Bernerd.

his development activities continue apace. He cast a slide rule over UK Coal. netting £15. “The last few weeks have been crazy.25m. the net assets rose to 2009: £105m (+£13m) Property investor Tony £118m nearly £85m.4m. Farmer has not neglected business and recently sold choice Edinburgh properties for £2. 46 www.estates gazette rich list 2010 132 Anthony Khalastchi & Family £118m We value the businesses at the net asset figure. a leading local developer. Channel Hotels £13m sales in 2008-09 when its buy Joseph Ackerman’s £90m & Properties. He made his fortune in London to transform the waterfront 136 £115m Sir Tom Farmer Morston Assets 2009: £110m (+£5m) Sir Tom Farmer recently made £8. height of the market. We have not seen any accounts recently but after 132 Flodrive Holdings that deal.4m net In 2004. was bidding to by his company.” We did see £16. Farmer netted £78m for his stake. showed £103. We can see half a dozen small property companies controlled by Farmer or his trusts with around £17.com 20 November 2010 .9m on Khalastchi. Yet he was savvy enough to retain the freeholds on many Kwik Fit properties.500.88m. Such moves are typical for and entertainment venue with an Punch Pubs’ portfolio for £57m. ranging from 2009: £118m (No change) combined total of £17. run by Stuart groups. 74-year-old Kirch which were in London – at prices good sense of timing. generating £1m a year in rents. Properties. In October 2004. they sold 38 of for an undervalued asset. the shrewd Kirch. 61. In the current climate. a managed office business. later selling the company to Ford in 1999 for £1bn. should now riches built on rubber be worth £115m after tax. 49. Early in 2008 cannot be immune from the steep he says he could not have fetched he sold a portfolio of properties to fall in asset values. an application to Stockton Council In December 2003. but these are no net assets rose from £116.5m to New York portfolio of banks and longer recorded. which may mean £121. himself. But even In October 2009. he took over Property recently submitted a planning assets in their 2008-09 accounts. offices.5m Theatre as a top live performance family. in property I have never seen In 2006 he was reputed to anything like this. Acquisition & Management. in a £69.2m. His family’s two property a sale. bought the 252-strong deal. he bought a Newcastle business park for a cut-price £20. He is best known in Scotland for owning 90% of Hibs. investment trust with a £200m to bring back the famous Globe along with the low-key Pears property portfolio. but it is tyres that made Farmer his first fortune. before abandoning plans for a bid. keep him at £120m.5m by selling a stake in KBC Holdings. Kirch has been involved in a Khalastchi sold two DIY store David Kirch bewildering array of investments sites in February 2010 for a Channel Hotels & Properties and takeovers. 70.” he said. we two years ago. Kirch has not retired well‑located London properties from what he likes best – Jomast 2009: £99m (+£19m) that I bought at auction at the investing in companies. Monk. Farmer. But that is just the tip of The company. adding £15m for other Khalastchi family assets. residential property in the 1960s. It shows that as a pensioner 132 Stuart Monk & Family £118m money back on the well-let. selling his last properties in 1988 for £30m. who has a nose audience capacity of 2.5m of net assets. Meanwhile. Flodrive and Strandpark the Kirch fortune.1m. Khalastchi. As a result. he sold eight Jersey-based property investor with recent deal-making and properties at auction – most of David Kirch has often shown a asset sales.5m-worth of Stockton-based Jomast saw its And in July it was revealed that stakes in quoted companies held profits come in at £3. the Edinburgh football team. It is already working hard the pubs. leisure to health care.estatesgazette. In February 2009. “In all my years Irish investors for £48m. I can get more than my have made £2m in two months dealing in the shares of UK Coal. He founded the Kwik Fit chain of garages in 1971.

9m sales Robert Hitchins 2009: £90m (+£22m) in 2008. McGettigan started his career Jomast is also focusing on the Newcastle office market with plans for a 30. 58. net assets in the same period. shops. is easily worth from a £16m profit in 2007 to Jonathan Hitchins & Family £115m in today’s climate.8m loss in 2009 and showed Gemsupa. Taking into account other assets. The developer still 138 Jim McGettigan £114m has a rock‑solid balance sheet. London.at Hartlepool Marina after a Richest in the North East £70m in today’s difficult climate.5m Feldman is a low-key London £21.6m to 136 £115m Heinrich Feldman & Family retail giants Tesco among others to purchase the art deco former Gillette headquarters in west £50.000 sq He sold The Parliament Hotel Investments. this difficult market. £112m Regency Hotel Group. and the Wilmslow .65 hectare site at Jackson including a £3. It should be worth A new Cheltenham Office Park creating 1.5m holding in Dock.2m sales in 2008-09 when its net 139 Eric Gadsden £113m we assume that the Dawson family is the ultimate beneficiary. 65. With his racing ft scheme will link the marina in Dublin for around £16m and interests added.estatesgazette. took little the green light in June 2008. We can also we value the family at £112m. Regan Developments. Dawson Inremco 26 went from a £21m profit to a is also a director of the separate 2009: £105m (+£10m) £5. Dawson. should It is worth its net assets and is more than 50 directorships to be worth £114m after tax in owned by the Jensal Settlement. see Feldman stakes in a host of WE Black 140 2009: £113m (No change) smaller property firms worth more than £9m. The Bonnington Jumeirah 41 Clarke Family 400 profits at the Robert Hitchins Lakes Towers hotel and 132 David Kirch 118 Group fell from £8. opened an 5 Sir David & Sir Frederick 1.000 sq ft as a first-class waiter on the Queen Elizabeth. was incorporated in 1983. £100m development was given No Name Wealth (£m) Gadsden. jigsaw for Hartlepool Marina. his name. owned by Dawson and his family trusts. property owner and trader with In all.4m. His main holding today’s difficult market. went £112m Feldman. a quoted will include a luxury four-star flats. McGettigan company in Dublin. as owner. Trincomalee Wharf Michelmersh Brick. McGettigan owns the brick maker he chairs. 4. new 2009: £195m (-£81m) Rich in the Channel Isles villages and other developments Jim McGettigan. McGettigan. was the settler and company is Inremco 26. WE Black.5m loss on £15. It made a £2.000 jobs is planned by the Robert Hitchins Group.4m apartment complex has more 232 Malcolm Hall 50 on sales which were also down than 200 bedrooms and 250 £12m at £26. He has past granted on plans submitted 191 Jeremy Middleton 72 stakes or current ones in quoted by Jomast to redevelop a 208 William Rankin & Family 61 companies worth around £4m. The Cheltenham-based developer McGettigan is building business parks.800 But it is not immune from £80m hotel in Dubai in May. As a result. an Alderley Edge including Bandoffice. We add McGettigan Group. a £4. 71 Alastair & Michael Powell 209 out of the company in either Planning permission has been 132 Stuart Monk & Family 118 dividends or salaries.9m in 2008-09.5m. We value Jomast 1964 and purchased a pub on Consolidated Property slightly below the reported net Dublin’s Queen Street. though its net assets fell £5m to £90. Investments and Church Cottage The prestigious 470. office Bonnington Group in London There are another £41m of net accommodation and waterside and property interests via his assets in Three Rivers Property apartments. With other assets. developer. we reckon Eric Gadsden’s Chesham-based company. Consolidated saw its In 2005. in 2008-09. 20 November 2010 www. with the town centre and is seen the Bonnington Hotel in London should be worth at least £113m in by many as the final piece of the for £74m. which showed £58. Donegal hotelier. The Bonnington Group on the net asset figure. 73. Barclay the downturn and. Monk and his that one pub he has built the family trusts own it all.4m net assets.7m profit on £17. 75. We value the business. From Wilmslow 2009: £78m (+£34m) assets at £115m. hotel. which trustee of this trust.2m to £1. which Property developer Peter Dawson another £3m for other assets and includes Olten Investments and runs Consolidated Property stakes in separate companies. McGettigan trumped net assets rise from £49. Gadsden. His business empire began when he returned 140 Peter Dawson & Family £112m development to the north of the from London with wife Patsy in city centre. the veteran No Name Wealth (£m) in Wales and the South West.com 47 . restaurants. assets were £107m.

estates gazette rich list 2010 142 Robert Bourne & Sally Green £110m Happybadge Projects 2009: £110m (No change) Property entrepreneur Robert Bourne made his first fortune with the Local London property group.4m profit. through his Peer Group. He was a bidder for the London Dome and now owns Happybadge Projects. 56. tax to the Hitchins family for bought the old Wain Homes radar and communication other assets. Bourne has a £10m flat in Mayfair which he bought as an investment in 2002. he had sold the company. when it made a £1. including a £40m south western operation and the systems. Birrane started Bill Ainscough’s Langtree Ainscough and his family is dealing in property in the 1960s Group recently invited tenders worth at least £110m. 142 William Ainscough & Family £110m made a £5. which structures for powerboats and operates in the South West. We value Happybadge at £63m and add £47m for other Bourne and their lot Green assets. its net assets fell with St Helens Rugby League Club and Tesco. Started more than 45 years private in 1999. Lola Group made an £821. 1973. improving. Birrane should be worth Ainscough took Wainhomes season but is looking to get Lola at least £110m.000 houses and over It now owns and manages loss on £21. later. property accommodating more for racing cars. renamed Wain Group. a yacht An Irish property magnate 2009: £120m (-£10m) and a flotilla of classic cars. Langtree Group With a private jet. The portfolio The company is developing and a strong balance sheet but. 60. it was sold for £110m in a takeover. Within two back into the sport as a team for ago by the late Robert Hitchins. It sailing yachts. from Co Mayo. and dividend paid out in 2003-04. he floated Martin Birrane is keen to get significant investment. His It was after that year’s Gloucestershire very cheaply family owned most of Langtree disastrous campaign that Birrane after the second world war. In 142 Martin Birrane £110m sharply from £97. The Bourne family made £16m. aircraft parts.com 20 November 2010 . which was floated on the stock market in 1986 worth £6m. But his housing ambitions It now supplies drone aircraft.6m in 2009. that level. 75.9m to £70. Lola now has a strong order book and the financial performance is and is worth that sum. 48 www. the Group with nearly £71m of net bought Lola from the receiver.3m loss on £61m sales in 2008-09. after builders in 1989. years. we value it at around £15m a year. His wife. Ainscough. and we value Peer at £90m in this climate. It has nearly £87m net assets than 800 tenants.000 sq ft of commercial 4m sq ft of commercial from its activities making chassis property. is chief executive of Old Vic Productions Happy with and co-producer of Billy Elliot The Musical. due for completion in early 2011. in produces a rental income of new markets and diversifying the current climate. he founded the Wainhomes Birrane. has built up and sold stakes in companies such as Ex-Lands and Clubhaus. who bought up large tracts of netting £44m for his stake.4m sales in 2008-09 1. 62. the first time since 1997. He With other interests. His Bourne Capital investment operation also sold a luxury Park Lane block for £100m in 2006. into different industries. antennae. Wain Group has £29m assets As a result. Since then Bourne. hosts the enlarged group five years his Lola racing car operation on international race meetings.5m. Sally Green. including indifference to the company.estatesgazette. Fed up with stock market the grid for Formula One. company has developed more assets in 2008-09. Peer Group Mondello Park racing track 2009: £109m (+£1m) After merging with two other in Co Kildare which. Three years later. space vehicle parts. was beaten to a slot for the 2010 Lola. Its net assets came in at £61. for its £40m stadium project In 2008-09. also owns the housebuilding business. We add another £25m after have not ended.500.000 than 14.

a London-based property to Standard Life Investments specialising in high-quality trading-to-processing group. which in tanneries in the Middle and other West End buildings on the turn netted him £40m. the 72-year-old son of in a City fish restaurant.4m We value it on its its £153. Farmglade. crisis would have been much In 2008-09. He sold the business to more than 40 years ago. three restaurants. turned in a 142 Jack Morris & Family £110m The Karimzadeh family owns all of Eskar. plus 57. a Midlands started Eskar International. Capital & City scheme in Camden Lock. Far East.6m sales 2008-09. around £25m from the sale after 150 Catesby debt had been stripped out. £1.4m profit on £46. worth around £110m. The business is largely owned Jack Morris’s late father. the Business Design worse on the group but for its strong cash reserves and the defensive nature of its Centre Group made a record £7. which includes Canberra. Alfred McAlpine in 1988 mainly Its activities spanned leather Capital & City also had three for McAlpine shares. BDL 2009: £105m (No change) by the Clark family led by Robin was originally an “oyster-opener” Clark. it has focused on stake is worth £64m in the stake in a property investment property. has a 19. We still value Eskar at in 2008-09.13bn European property found a keen buyer for a block on The son of a West Midlands portfolio sold by a Swiss hedge Charlotte Street. He has become a serious nut processing plants. but later Cabretta Holdings.5% stake. Sam Morris’s shrewd move It has £10. into a leading shopfitting group made £1.5m and we 149 Frank Burke & Family £105m investments.5% 2009: £107m (No change) on £40. In this climate. farming. derelict “Aggie” into the Business Burke’s family also owns Design Centre at a cost of £12m. and his family own £15m of net assets in 2007 when Simon Karimzadeh & Family the Mayfair Property Group. a property company 142 Eric Grove £110m The Morris family also owned Earls Court and Olympia which they sold in 2004. 48. Albert Hay & Family – a £200m business and retail Capital & City 148 2009: £92m (+£12m) park near the M18 in Doncaster. 20 November 2010 www. Business Design Centre £100m. we cut Burke back to £105m. current climate. 80. based construction company.9m sales. Catesby specialises in such brownfield sites and had around £107m Chartered surveyor. student housing-led mixed use Karimzadeh snapped up a Earlier this year.1m. stakes. In the current market. Taylor Clark.6% houses. 63. assets in 2009.7m profit on £19. Grove started fund. a came in 1981 when he rescued is the parent for the BDL Group. in March for £19. value the business on that figure. Albert Hay. adding £7m for other 2009: £95m (+£15m) The effects of the economic assets to the Karimzadeh family. The family developments in Jersey and a Since then. as well Three of the Hay family’s property developer with retail as trade in iron and steel in the companies had £92. Catesby should be worth £30m. residential 1970s and 1980s. making with around £21m net assets in 2009. which the old Royal Agricultural Hall run by 62-year-old Irishman leaves the Clark family’s stake in Islington and turned the huge Frank Burke. The company of its sister group Capital & City is also developing a £29m In October 2006. and dried fruit and market.estatesgazette. Simon Properties. developer. Its net assets fell to £95. government in the shape of the 2009: £86m (+£24m) culture department.4m in Britain and worldwide. Karimzadeh’s late father The building.com 49 . which showed nearly £286m net assets in loss of £11. a London- a prominent 1960s property built his business. a 5.142 Robin Clark & Family £110m and distribution centres. was in the and property investments add Recently. Grove. City Industrial. Sam. taking the Hay over 1. Karimzadeh. charity. cash and assets. the wider Morris family £104m Group is developing Firstpoint should be worth £110m. net assets. it turned in a useful £9m profit Eskar International Capital & City PLC. was sold housebuilder in 1968. the London-based property.4m net parks in the Midlands. after allowing for tax on that deal. hotels and investment group.5m on £13.1m. yield.2m sq ft of warehousing 2004 over his efforts to buy family to around £104m.4m of sales. he has sold well news in the property pages in another £40m. NW1. With other Grade I Listed Apethorpe Hall in Northamptonshire for £3. Other assets operation. sales in 2009. He was gazumped by the Taylor Clark is worth around £110m today. 2009: £108m (+£2m) Eric Grove’s Catesby Property In all. blacksmith.1m of net assets and The Underwood Trust.

But Ritblat’s retirement lasted just two Sir David Garrard It has a completed portfolio of weeks and he resurfaced in early January 2007 when Minerva 2009: £95m (No change) around 11m sq ft of warehouses in he joined forces with younger son Jamie. whose own St Modwen With Andrew Rosenfeld he 2009: £120m (-£20m) quoted property group was taken launched Minerva. £79. co-founded by deputy chairman over huge swathes of property to Delancey to manage. 62. which was sold to the Berger family for around blood. back. Raven Ritblat. floated on AIM drawing on Sir John Ritblat’s expertise in the property market. Croydon. Leicester from Malawi. on the stock market in 1996. went into property after leaving around £266m. Banks are handing £100m he has for investments.4% proposed £750m development of big developments in the City and stake was held via Glenhazel the old Rover site in Birmingham. sold most of his stake in British Land for upholsterer from Stamford Hill. and Rashid. Anton Bilton & Family British Land Rosenfeld. the former led by Aziz. which were valued at the £2. 55. 71.6bn property investment fund. keeps a other assets. school at 16. He £103m left £138. Bilton. the property group snapping up distressed assets of late. chief executive of the quoted at £103m with past salaries and property group Minerva. the son of an end of last year at $879m. He is the grandson of the Simon Clarke & Family £180m. late Percy Bilton.3m profit on £24m sales in 2008-09.9m. assets add £35m. which has started work for the became a stock market star with The Bilton family’s 29. With nearly Andrew Rosenfeld £72m net assets. we value the family. £95m market to raise its profile.4m. In June 2009. the Bilton a reputation as a regeneration time.9m in his will. 45. taking the Aziz.6m £100m sales in 2008-09. It was sold in May 2007 to snaps up Tayub after the family came to the Reuben brothers for £65. to spearhead a Russia. the biggest Ritblat operation based in Leicester. has devoted Raven 2009: £90m (+£10m) much of his time to charitable 2009: £90m (+£10m) The Ritblat family’s Delancey property operation has been works. 156 Anton Bilton. The Tayub family owns the Crown The family also owned a stake Crest distribution and property in Northern Racing. It November 1998 for £270m. In August. where he has set up Air Capital 152 £100m 152 Sir John Ritblat & Family £100m – AIR are his initials – funded initially by his own £100m fortune. Property is in Bilton’s £100m Land Investors. It racecourse owner after the Jockey was started in 1977 by Rashid Club. We value him on the Raven Russia. Raven Mount. which floated over by rival Slough Estates in Property group St Modwen. 46. In 1955 he joined an the company swallowed its former The Ritblats should easily be worth £100m. who died in 2004. made a total of nearly £17m profit on £257. Delancey made a £9. sits on the St Modwen Rashid & Aziz Tayub board looking after the Clarke Crown Crest family interests. but retained a £10m stake. 48. as the Tayubs take low profile from his Geneva base little out of the businesses. in 2005 after raising £153m. had an £11m stake He rose to prominence in the 152 in Raven Mount. the business. Collectively. With the wider family to November 2009 as it cut the stood down as chairman and left wealth added to Anton Bilton’s value of its properties. 75. the managing director. Other assets take him to family is worth £100m. It was co-founded by Sir around £95m.com 20 November 2010 . estate agency and never looked parent company. 52 www. The fund is investing in distressed property. including a stake in St Modwen has developed sold £37m worth of shares at the Chelsea’s KX Gym. Andrew Rosenfeld.6m loss in the year In March 2005. it moved to the main He was chairman of British Land from 1970 to 2006. family to £100m. His son Simon. led by Crown Crest Group. The three separate Tayub assets 152 companies we can see.estates gazette rich list 2010 151 Stan Clarke. His family trusts own assets. when he retired. The family stake New entry is now worth £59m. Sir David Garrard. Garrard.estatesgazette. Investment Trust and was worth suffered a £101. specialist. while his Raven late 1980s at a company called Russia stake is now worth around £30m. East Past sale proceeds and other distressed Africa. Russia’s market value is now £57m just before he retired. they are worth Minerva 2009: £100m (No change) perhaps £100m in today’s climate. It is now run by his brother.

com 53 . £128m net assets. Other interests include Rockbriar. last year. of the Irish housing market. In all. 20 November 2010 www.1bn. owns about land bank at the top of the market. and a return to buying land for He began buying. the £57m. with its design business Kelly. Hitchcox also £52m net assets in 2008. Berkeley Yoo Horney took a stake in St James New entry New entry Beach Hotels. whose early career Andrew Rosenfeld Northampton. In 2008. leisure. we reckon hotel group. business and residential use in which showed £1. which showed more than £95m which should be worth in total around £120m. two‑thirds of the company. dividends and his share £170m but its value fell and in net assets in 2008. Ireland’s largest 2009: £85m (+£10m) estate agency.000 acres. of bonuses take him to £95m. 2008. Horney has shape. who was a 160 £90m give him a £90m valuation. had an 18. Past dividends take the Watson family to £95m. made his reputation Phillipe Stark in 1999. the recession in pretty good kept a smallholding in Sussex. 68. but it has nearly application for retail. Real Estate Opportunities is Northampton planning to spin off its Battersea The Canonbury Academy 159 New entry power station site in London £93m and float it as a separate listed business. site for €595m at the end of 2006 His London estate around Doherty has given most of and. Despite the turmoil Regeneration specialist Keepmoat Hitchcox is worth £90m. at £90m. cost-cutting property entrepreneur. We value him at operation has not been immune the early 1980s. was sold in 2007 to a management Kelly’s wide assets base should team in a £783m deal. It had more than £91m salaries. Scots‑born Dick Watson. REO is chaired by 74-year-old £25m sale proceeds. But previous business was worth around Germany. in 2008-09. we value He is worth around £93m. It is valued at just over £1. and a stake Keepmoat assets and a stake in a London in Choice Hotels. in Ireland. 64. In 1993. ever multi-purpose planning including the old Tower Theatre it lost £20. Hungary and shares in 2009.estatesgazette. With the likely property assets in the Caribbean. transport and London’s history. quoted property companies. He sold £21m worth of Before the recession the Czech Republic . also owns half of alone valued at £64m. group called Yoo with designer Pidgley. He later moved into white goods retailing and sold his business for £21m in 1985. The sale will be a handy 2009: £200m (-£107m) to the Battersea project by not windfall for Northampton. director. He then formed a development and design 160 Patrick Kelly £90m value in mid-2007. from what chairman Tony Pidgley Manhattan Loft Corporation in describes as the “most turbulent market ever”. In addition. 63. of his two main Midland estates the Harland & Wolff shipyard. where the Titanic was built. the UK . Allowing for any tax on the sale proceeds. renovating including China Real Estate and future sales. Dick Watson & Family has £9. Kelland Homes New entry in the early 1990s when he sold his Hitchcox. That is Dublin housebuilder Kelland 156 around half the overall business Homes. which Patrick Kelly and fellow Irish and cherry-picked the best sites is working on about £3bn of developer Sean Mulryan own back for a fraction of their price. 68. 49. Ray Horney. developments in locations ranging a group called Markland The former Barnado’s boy has from New York and Sydney to Holdings which owns property a stake in Berkeley now worth Buenos Aires and Hong Kong.9m.156 Tony Pidgley £95m 160 John Hitchcox £90m was renting washing machines.5m of personal property another housebuilder. and the Canonbury Academy. the US . he made Housebuilder Berkeley is riding The son of an architect who also another £27m when it was sold. selling out to partner Harry Handelsman. 68. Doherty. one is the £700m redevelopment of property portfolio. less than half its the 1990s. who Donegal developer Patrick having the asset directly linked lives quietly these days at Castle Doherty’s most high-profile work with REO’s distressed Irish Ashby in Northamptonshire. But in spite of a strong John Hitchcox is now a leading £2m-worth of share stakes in balance sheet. lodged the largest Canonbury has several buildings Harcourt to his children. The Marquess of Northampton’s Tandridge and Chesham Estates Patrick Doherty & Family The idea behind the proposed in Surrey are under offer for Harcourt Developments move is to attract more investors Anton Bilton £25m. Five years later.8m net assets also has hotel. He co-founded around £90m.26% stake. we value Watson’s stake Ray Horney Real Estate Opportunities 2009: £80m (+£10m) 160 The Marquess of £90m at £90m. the Cobham-based and selling homes in the UK in Nordic Land. REO bought the iconic 30-acre which span 25.

The Morris family 5-star resort. we value them at £82m. Roxburghe nearly £83m of net assets. worth £55m. is planning a joint venture Edward Lonergan’s Deramore We value the business at £80m to turn his Roxburghe Hotel into a saw its profits fall from £20. recovered in 2009. the 167 £15m sales in 2008-09.7m profit on £28m sales. In £85m the current peace settlement in all. owned by the Rana family. Blackshaw 167 Sir John Mactaggart & Family 85 There is another £1. with land values 45 Keith Miller & Family 385 increasing. Aside from his land and racing Deramore would easily be worth 171 interests are valuable fishing rights. and a further £9.5m of assets in £90m and a golf course. 72. 56. The five-year project to £9. 2009: £70m (+£15m) The group. The £89m 136 156 Sir Tom Farmer Dick Watson& Family 115 95 family owns 99% of the shares in the business. his business assets are worth Sir John Mactaggart & Family Northern Ireland.com 20 November 2010 . Sunlaws Development a blacksmith making swords and 170 2009: £80m (+£10m) chain mail. we raise him to £90m. the Chamberlain Group has 166 98 John Lynch& Family 152 a diverse property portfolio.3m for 2009: £72m (+£17m) 171 Shaf Rasul 80 the separate Home Counties Brooksbank’s current property 186 John Muir & Family 75 Investments operation. 167 £14m from the project over the supermarkets and care homes. but with take little out of the company and will require £20m investment. largest private property groups in properties. assets came in at just under £80m. 82 The Duke of Buccleuch  180 Headed by John Chamberlain. 160 turning a £12.6m.3m to We add another £20m for Folkes £0.7m in this climate. 57. With portfolio consists of residential 232 David Stevenson& Family 50 personal assets of £8m added. around £81m. which had £72.3m of net assets in the 2009 two other property companies. next 25 years. it should be 2009: £65m (+£17m) the project. In all.000 net assets in 2008-09. pubs. But it reduced £70m in the current climate. who is fighting £85m Bill Morris. who in 1981 became the then youngest £82m to a wind farm scheme on his chairman of a quoted company.estates gazette rich list 2010 160 caravan parks. has become on the Edward Lonergan made £692. one of the string of high-priced commercial Restaurant and Belfast Plaza. Mactaggart Heritable old Brooksbank for other assets. We Lord Rana & Family accounts of Blackshaw Holdings. at £85m. Estates.7m in 2008-09.5m.5m loss into a We value the business at £75m £90m £3.5m Rana’s Andras House property- to-hotels group is benefiting from of net assets in other companies.9m sales in 2008-09. We can see £27. New York. It has 2009: £65m (+£20m) His company. & Family 66. the current boss. We value the business at around £85m saw its net assets fall slightly in 2009 to £78. farms He also has £3. net assets of more than £88m. It Bill Morris & Family land and local protests against was taken private in 2002. mostly in London and the Midlands. £80m in today’s market. The family-owned operation in the current climate. The Duke of Roxburghe. property and racing No Name Wealth (£m) Chamberlain 2009: £78m (+£3m) companies. members have developed a Roxburghe could make around business with interests in property. retail commercial and 245 Ben Brodie 45 the Chamberlain family is worth industrial property. We add £8m to 54-year.000 profit on business front. 60. which has yet to win planning consent. We add £30m for Five generations of Morris family One paper reckoned that other assets to the Folkes family. hotels. It is a sign of how active the duke. value Lonergan. Lochinver and Deramore (L). adding £10m for past dividends to the The Duke of Roxburghe can trace its roots back to 1697 as Sir John Mactaggart MacTaggart family. 54 www. With Morris & Co (Shrewsbury) £53. Deramore £23. Andras House one of Brooksbank’s main 167 New entry companies. marinas. has been faced with frustrating delays It is run by Con Folkes. made £1. £81m Roxburghe also has stakes Richest in Scotland John Chamberlain & Family in golf. Sunlaws Development Co had £772. £81m.3m net assets.7m profit on Duke of Roxburghe Mactaggart Heritable.1m John Brooksbank 160 The Duke of Roxburghe 90 net assets at the end of 2009. including ADW Properties. runs an operation which throat cancer.estatesgazette. houses. Con Folkes & Family its losses sharply from £6. Its net Glasgow-based property group. property and other Mactaggart Heritable owns a businesses such as the Ashoka Folkes Holdings. 2009: £85m (No change) private assets.

51. accounts. 51. Kip Bertram. With property and sold 50% of the company to on £7. when Regis successfully around £27m of net assets. with cash company behind Paddington It reopened in 2008 after a balances in excess of £20m. Jarvis.4m sales in 2001. 2009: £78m (+£2m) diversified into property The low-key O’Callaghans are Danny Desmond. He also has the be worth £80m. 172 550-room Kensington Close Hotel. We value the Liverpool-based in the book trade. However. Cola runs and owns Cola Holdings. is best known for leading a With other property and past rescue consortium which took salaries. 172 Bruce Jarvis & Family £80m Gadsby. the Grodners are easily 172 over Derby County Football worth £80m after tax. the His main holding company. Cola took a New entry Gold Table New entry £48m dividend in 2006. he owned brothers at £80m. having moved Peter Gadsby business on the net assets. 68.2m loss developments. It became the Bride Hall Holdings and other Atmore Desmond firms have more than 2009: £80m (No change) UK’s largest independent book wholesaler. made a £3. also a shareholder in European only hotel that fronts onto Bond Ark Capital. Ravensale which.2m turnover in the five and hotels added. separate businesses with a further As a result. Danny Desmond regulated tenancies until the early In all. But its net assets Bertram family stake at £35m.5m turnover in the Nicholas & Peter Gould Regis £80m 172 Noel & Miriam O’Callaghan £80m year to September 2009. which made £3.8m 172 for more than 50 years. Ark Capital But we can see three small but 2009: £65m (+£15m) particularly in London. Jarvis’s Pearcroft operation is to extend the 5-star Westbury. £80m back in the 1992 recession for a much lower figure. wealth is now around £80m. is no longer £80m fell from £67. a Midlands developer. in a £54m deal. run a number Noel. Rysa Lodge Residential all of Bride Hall. which is the Street.8m net assets.6m to £54. 57. should for around £90m. Brothers Nicholas. and Miriam of the Harrington Hall hotel to of property companies based in O’Callaghan. 66. £80m Club in 2006. 60.5m net Land & Property. which made £4. which library supplier.com 55 . into property development.7m profit on £43. assets in 2008-09. 20 November 2010 www. in 2008-09. now active in Prague housing Bride Hall property group in 1984 Regis made a £3. a public We value Desmond at £80m.5m. But it has Peter Gadsby worth around £80m. investing Bakir Cola & Family Cola Holdings 2009: £80m (No change) £28m in securing its future. showed £6. Cola. Melvyn & Delia Grodner chicken shed.172 in 1987. 52. and Delia Grodner. sold his 77% In 2009. Bride Hall is active in building a £80m Books in a disused Norwich new Lichfield retail park. which has been We can see five companies led investing in residential property by Brodnax. The Goulds and trusts own all the Regis Group and we value the Kip Bertram & Family Until late in 2004. £80m Its portfolio consisted entirely of properties that were subject to its last filed accounts before it became an unlimited company. in 2000 for a reported £35m. merged with Cypher. 62. Other investments and private £15. own Atmore Properties.9m profit on £12m 172 The move effectively valued the sales in 2008-09. 66. 70. profit on £17. they are easily Great Portland Estates for £10m months to March 2009.1m net assets in its 2008 bought the 246-room hotel in 1999 property take Gadsby to £80m. but sold a 25% 172 Properties stake to the quoted Warner 2009: £70m (+£10m) Kip Bertram started Bertram Estates for an undisclosed sum. It has £28.6m net assets. should take Cola to £80m. £16m of net assets in 2008-09. the Derby-based Ravensale property and construction group. Iraqi-born Bakir Cola stake in Birch. Basin. Cola bought Washington House interests worth at least £35m. In 1999. have a sizeable Spanish hotel giant NH Hotels Southend under the umbrella of property portfolio in Ireland. the Regis Group. the family’s asset Gadsby. and Proceeds from the £50m sale Peter Gould. 2009: £70m (+£10m) spent £30m buying a building adjacent to his Westbury Hotel in to Edinburgh-based Miller Group Bruce Jarvis’s main company is London’s upmarket Mayfair.estatesgazette. He bought that stake more than £80m of net assets. In all. the business £12m net assets between them. The business showed £25m refurbishment. 62. Melvyn. started the development. these companies had Bride Hall 1980s. he made his fortune in housebuilding originally. Property experts reckon that He now has various property showed £26.

leisure netting the family £50m. and taking into account an Scottish property front with his incomparable art collection. LNC grew out of A former north London local estate Bill McCabe McCabe’s €117m purchase of a agent. Allowing are held mainly through the and hotel complex worth in the for tax on sale proceeds. she was branch manager and she 56 www. Debbie Dove. the Goodwood Estate The company has £12m of Co pushed up profits from £2m net assets and is easily worth to more than £3.estates gazette rich list 2010 172 The Duke of Richmond & £80m 172 £80m Gordon & Family Shaf Rasul Goodwood Estates E-Net New entry New entry The entrepreneurial Earl of In 1999.1m dividend in 2001 and more than €5. holding up well. investment properties has fallen In 2007. the company showed £26. made £1. 49. Advanced Environmental Solutions. Shaf Rasul created March. In 2009. He is now the late 1970s. which he intends to turn into WS Yeates hi-tech apartments. Marston Properties Carlisle Trust While Capital D went into a 2009: £75m (+£1m) New entry loss of €13.9m around £30m. 2009: £70m (+£10m) We can see a further £6m of net Loughborough-based WS Yeates is involved in property and fine rasul makes his assets in other Rasul companies. 183 McCabe. In 2008. tripled in value to £11. That values the and his rental income here is company bought an abandoned family stake at around £37m.5m when it was 186 Debbie Dove £75m taken over in a £46m deal. Recently.2m profit on £4. sales. the industrial estate venture called family wealth should total £80m.com 20 November 2010 . based property empire since the affected. which has become wonders at the 12.5m last year because Marston Properties Holdings Ninety-year-old John Byrne has of slumping property prices. the Marston family at £76m. But the value of its region of £180m. made £47m Spey & Dove New entry £78m from judicious sales of stakes in SmartForce.3m net assets. he sold his letting 172 Charles Yeates £80m business Excelet and paid £3m for the former Martin & Frost furniture store in Edinburgh. McCabe’s stake in a Co significantly. We value him at £80m. But with land prices Rasul is making his mark on the rising. McCabe should not be too badly sales in 2008-09. Kildare waste company. we value Carlisle Trust. It has since been £5m in 2002 before being sold. Within three years Bill McCabe’s Oyster Capital worth around £78m. He is a leading supplier of He made significant profits in value it at £50m in today’s difficult office space to the public sector Germany when his LNC property economic climate. heir to the Duke of the Edinburgh-based E-net Richmond & Gordon. waterfront leisure complex in the Marston Hotels also paid out Last year. has mark in scotland investments take him to £80m comfortably.3m been building up his Dublin. 40-year-old £44.estatesgazette. he has with the state.7m on nine leases £40m in 2004. optical storage products. E-Net Park. down 38% to €91m in 2008. 74.6m.000-acre Europe’s biggest distributor of Goodwood estate in West Sussex. overseas property assets and art. the residential property investment 185 John Marston & Family £76m company that buys and renovates John & Ciara Byrne & Family upmarket Dublin houses. has done Computers. but his private property art. 183 £78m Partners’ private equity operation invested in Capital D. His interests converted into a shopping. It has net assets of around In addition.4m on £48. It has £56m net assets but we 1960s. started LNC Property mixed property portfolio from out by taking a holiday job there in 2009: £87m (-£9m) Scottish Life in 1999. his companies earned German City of Bremen for around a £12. 53. Other assets should take the Byrne family to £78m. Yeates.

Russell. £1. In all. in 1993. has always Muir. net assets of another five Chervak 186 Duncan Sinclair & Family £75m Past salaries. Homeserve. around £70m. stripped out. and an adjoining site in June. property portfolio in the area and 19 India-Rose James  120 Controlled by the Hellers since offered interior design services. Listed retail specialist London left the board in May 2010 and is The company is chaired by & Associated Properties said in now building his Capital Values accountant Duncan Sinclair. such as the sale 2004. run by 74-year-old John Michael Slade.3m to £1.5bn. £4m in 2005 and £4. the Chervak family should easily be worth around £73m after tax. 56. he is worth £72m. August that its rental income had Duke of Richmond Group. which had been It is now worth more than out spending earlier in the year. earlier this year to of top divorce lawyer. of the Pinnacle office building in in 2006. Middleton retains a 186 David Russell £75m said it would look to buy only properties offering “exceptional growth or income potential”.6m. 54. Cautiously. Oxford. it showed £54. £57m stake. it sold the former Her portfolio has been valued at 36 Christian Candy 330 King’s Road antiques market up to £80m. London-based £72m £70m residential investor Mountview Michael Heller & Family Nicholas Porter Estates doubled its pretax profit London & Associated Unite to £29. 50. 2005 for £16m.3m.3m in the With other assets. stake in the firm is worth £21m. with sales down £16m at £76.82m. to £8. after buying The Russell empire includes developments in Manchester. we settle 37 James Sellar 190 Antiquarius for £17.5m He also made a £1. 2009: £75m (No change) City development.3m in 2009. up 1 Mitre Square. The Heller’s “Jaws” Tooth. 64.6m net Property Alliance working on plans for a major assets. together with other holdings and property Investors and Sinclair Estates.4m year to July 2009. It has seen Properties New entry 2009: £67m (+£5m) its share price steady in 2010 and Nick Porter. founder of Unite. A special dividend for and his family own it all. 190 2009: £50m (+£25m) The latest 2008-09 accounts for property-to-housebuilding Muir Group. The company. Slade’s stake in Helical Bar 193 Demi Chervak & Family £70m His Property Alliance operation has not been immune from the has an investment portfolio valued market crash. Chorley and Blackburn. Dove is the former wife 37 Nicholas Candy 330 5. We add another £5m for stakes in smaller private companies such as Ossian a majority stake in the quoted Bisichi Mining which. adding another Helical Bar operation say in has seen its shares soar in 2010. but it has recovered High Point 2009: £52m (+£18m) at £240m. should easily take Slade to Michael Slade companies. Mountview Estates 191 193 2009: £76m (-£1m) Despite the poor financial climate.com 57 . We value Muir So it was interesting to hear his household repair services group. EC3. the quoted £64m net assets.1m. adding £27m for the further £12m going to Slade. With other assets.3m gain High Point saw its net assets rise net assets in its 2008-09 accounts. and the Sinclair family’s stake The Heller family also have 186 John Muir & Family £75m is worth around £70m. Muir and his family to £75m. 24 Fawn James 120 the early 1970s.2m to £41. including a property company – With this in mind.estatesgazette. Middleton. Chervak. from exercising share options in from £35. Muir Holdings. is Helical Bar shareholders totalling We value the business on the worth £75m. £20m for the net assets of the August that it was seeing further The Walsall-based company separate company. Five youngest risen slightly in the first half of Dove later built up her own luxury Age Name Wealth (£m) the year. evidence that the recovery in was co-founded by Jeremy Past salaries and dividends take property values was stalling. Group at £45m. has a solid balance sheet and been good at calling the market. 63. Raymond freeholder Cadogan. it is now worth nearly £155m. show a drop in profit from Michael Slade Helical Bar £73m 191 Jeremy Middleton £72m £10. £107m in late 2004 resulted in a net assets. takes them to around Muir Group £72m. Yet the 2009: £72m (+£1m) Homeserve New entry group. stakes in other venturesand his own property assets.74% yield. Helical is Cortonwood 1 – with £3. a for £75m. After borrowings are and is now worth £44m.eventually bought the business. It is working on the huge 20 November 2010 www. interests. He has other assets.

property group. he realised that making Mark & Kathleen Kavanagh Hardwicke 2009: £69m (No change) 198 Rupert Mucklow & Family £66m clothing was not as profitable as property investment and built a portfolio mainly in the North. he has 60 racehorses and a 230-acre stud.2m to £3. After five years 195 £69m family. With other assets. The family’s stake than traditional cash-and-carry profit on £19.4m net assets in Store Property International Developments the 2008-09 accounts of three 2009: £89m (-£22m) made a £61m loss in 2008. We value Egan. 41. £66m Irishman James Egan owns and Sean Mulryan runs London-based property 196 Ballymore Properties operation Broomford Holdings. retains a £1m stake Yip & Brothers Property & in Unite. Davies. ORM. but they total assets to £65m. Mulryan also has a 69. Evans Property more like community centres Its parent. 89. Rupert Mucklow be worth £65m.8m. Egan bought Noel Edmonds’ profits fell from £4. £27. with £53. but since 2004. outfit Mucklow suffered in the £713. 2009: £280m (-£214m) £67m Mulryan has been hit hard by the It showed £49. We add £9m to the Wickens centre. 201 James Egan £65m published. in this Evans Property Holdings 2009: £66m (-£1m) Kingmere. has a private Mark Kavanagh’s Hardwicke A&J Mucklow company. in 2008. Store Property’s Mulryan owns 51%.3m sales in 2008.2m Holdings. have two main fell sharply in 2008-09. The family also has a property portfolio held in the separate W Wing 201 Philip Davies & Family £65m Porter. he Investments. separate Broomford companies.com 20 November 2010 .000 profit. with nearly £21m Philip J Davies New entry has sold at least £70m worth of net assets in 2009. including AFA operation and a small property Brothers Trading made £5. such as a pig September 2009. should be worth £20m in today’s outlets. and his wife property downturn. It works. 62. 70.9m net assets.5% stake in Markland reported to have been sold for assets fell sharply in value from Holdings. The recent stock market turmoil has hit the shares and the family W.5m in involved in Dublin’s International Midlands-based property 2009-10 when it made an Financial Services Centre. with £91. It has £45m net assets. Wing Yip Properties ORM stake is now worth £32m. complete with Dublin-based O’Rourke built up been involved in another large Chinese cookery schools.2m Investments. made a £5. Minority stakes in smaller navy in 1945 to join his family operations add £12m to the Yip clothing business. In 2008-09.1m sales. Past salaries and dividends add £2m. His private Kavanagh. has also Wing Yip stores. St Modwen. 201 Jim Leavesley & Family £65m family for past dividends and the But an extensive UK portfolio £2. particularly the Midlands group. By 1970. are Cash & Carry Kitchens in Cork. With a solid balance sheet. but its net a 49. 56. he is easily firm.estates gazette rich list 2010 Kings Cross Central project in London to develop student homes. shares. The Leavesley family wealth comes 196 Woon Wing Yip & Family £67m 198 Eamonn O’Rourke £66m mainly from property. In the year to O’Rourke. he is The two firms should be worth Philip Davies left the merchant worth around £70m. We value them at £69m. at around £65m. 65. market. It was on sales of £10. 198 The former Wicklow-based Broomford Holdings 2009: £48m (+£17m) couple now live in Switzerland.estatesgazette. which 2009: £60m (+£6m) was one of the early developers saw net assets hit £21.2m net assets around £10m. £100. Ballymore see another £16. he branched out on his own. Philip J Davies. 49. the Leavesley family should profit on £97. Its shares property partnerships take his Kathleen.6m His other assets include West Country home. 58 www. W Wing Yip property firms.5m of net assets between them in their 2005-06 accounts – the last Mucklow family stake is now worth £64m. £55m. It has worth £66m. the half-share in a Kildare shopping Sussex-based company should be worth the net asset figure. A sports fanatic. has some With other assets. In all.3m to £55m. companies – Hardwicke and have recovered recently and the Kopian. list at £66m.8m net assets of the separate helps keep Mulryan.2m net assets in its 2008-09 accounts. We can Roger Wickens & Family Irish property crash. 2009: £72m (-£5m) New entry But Leavesley.

222 Douglas Woolf & Family 55 property firm Bond Wolfe. funding from RBS and National 172 Charles Yeates 80 up from a loss of £15. Personal £12. firms. We value the business at £55m. Other assets take Pickering family to £62m.7m the Bank of Australia to re-enter the 205 Cavan Pickering & Family 62 previous year. is easily worth £20m. receivers were called in on a series of regional office investments in which the based on information on sales Lee family were involved with in specific post codes. assets and past dividends. Leeds and Birmingham. With low 209 Alan & Edward Lee £60m for £60m in 1993 and later borrowings. He had an Hanro HBOS during the boom but.8m to £847. down £1m. But the Norwich-based financial 228 George Akins & Family 52 Woon Wing Yip We can see £18m of net assets broker was hit hard by the financial 232 Robert Jolly & Family 50 in various Bond Wolfe firms crisis in 2008-09.com 59 . 79. but reported £27. set up of net assets. Arnold. Andrew & Sharon Turner Murphy Family Bassi. were down just £1m at £66. resulting in a sharp fall in the net Princeton showed a £113.1m on turnover of £5. It is easily Other assets take the wider UK Estates New entry worth £65m. the largest add another £7m for other assets. the Lees’ Princeton In 2008-09.000 sales in 205 Cavan Pickering & Family £62m £65m. Hanro’s profits fell The brothers’ father. Cavan Pickering. Central Trust 151 Rashid & Aziz Tayub 103 £5. New entry 2008-09 profits fall from £5. We set up PXS.com which established a property index 208 William Rankin & Family £61m Earlier this year. including the £60m finance brokers offering loans Welbeck. Mackay started Hometrack. the Gradel 205 Giles Mackay £62m Simon & Paul Upward Ocobase 2009: £57m (+£5m) family has significant wealth outside UK Estates. 48. same month. They still have a valuable portfolio and are very active so we stick with our £60m valuation. £20m just before the 1987 crash. 20 November 2010 www. is worth £62m. 209 Midland Regional Newspapers Central Trust in 1987 and built it into one of the largest independent 74.8m.5m. is chief executive Central Trust 46 David Wilson & Family 350 of the AIM-listed firm.and add another £6m to the wider Rankin family for other 2009. 2009 but it still has £87. £14m deluxe hotel profit on £9m turnover in a CBE in January and soon by entrepreneur John Miskelly. Bassi also chairs secured lending market. built and ran three hotels in Nottingham. 48. Andrew Turner. it is worth £55m.8m loss on £9. It made a attributable to Bassi.3m. Princeton Investments New entry independent player in the part-exchange market. However.201 Rich in the East Midlands afterwards was able to report that £65m No 30 Name Freddie Linnett & the Wealth (£m) 510 his Real Estate Investors business had swung back into the black.9m sales. It Newcastle developer Hanro. Hometrack Croydon based Ocobase saw its and is valued at £60m today. David Gradel & Family to UK homeowners. Mackay bought Ford UK’s residential assets to £3. We can In 2008. Its net assets. in the 2009: £96m (-£35m) 86% stake in the parent company.5m sales in assets push Bassi to £60m.6m assets.2m. Mackay. The company posted a secured an extra £90m of 172 Peter Gadsby 80 pretax profit of £4. see another £22. 209 Pickering Properties 209 2009: £50m (+£12m) £60m The family-owned Pickering Properties operation got a good £60m John Miskelly price when it sold a City office Paul Bassi MTS block for £19m – a 5% yield – this Bond Wolfe New entry New entry summer to Invista Real Estate Downpatrick has received a major Investment Management. chairs Investments purchased a £12m a £1.estatesgazette. sold in 2002 for £6. to £65m.000. Hometrack made William Rankin. 53. Turner and his wife Sharon.5m loss on £49.000 asset figure from £103m to nearly profit on £350. UK Estates had nearly £49m of also a director. though.2m A barrister turned property entrepreneur. 52.8% stake worth Early this year. Paul Bassi has been having a boost with the announcement of The company made £3. where 2009: £65m (No change) 99 Charles Clowes 150 he holds a 16. including large property portfolios in Glasgow. The built up Imry and sold out for owned by Mackay in two other company revalued its properties.2m of net assets from £3.5m pretty good year: he was made plans for a new. block in Soho for redevelopment.6m net 2008-09.3m for 2009. 205 £62m Paul Bassi net assets in its 2008-09 accounts.

It is now worth £567m Nike has sold tracts of land as investors back Mould’s ability to to Dell and Hewlett-Packard. will pay £55m to buy its founder out of £3. Its net assets came in at £53. But with £3m profit on £4. 45. dividends take him to £56m. We can see £2. Other assets take the family to £58m. a nursing home operation and Miskelly Construction. Boss John Finlan. borrowing 75% of agent in Essex but built up a the purchase price from the bank Fairholme Estates. valuing Metter’s stake at around £54m. run and McCauley. 47. Other assets take advantage of tax savings.000 profit on sales of assets in 2008-09. made a Widnes. Other assets take the family to £57m. In Trust for £61m in October 1994. McCauley 209 £60m on the net assets. With Innisfree. We reckon Mould. Pillar Property. Robin Tomkins.4m. Even in today’s later. Most of the shares in Morbaine are held in trust 219 Dan McCauley £56m net assets in the 2009 accounts of but we assume the Finlan family various companies but Miskelly. 84. He has a near £9m stake in London & 215 Amanda Yates & Family £58m climate. The firm’s 2008-09 accounts show Robin Tomkins & Family Grainger Trust £56m net assets of nearly £58m. 69. Yates Property 219 2009: £50m (+£8m) 214 Gerry Conlan £59m Amanda Yates. which was taken over by Grainger a few months later. Rich in East of England 222 £55m Elizabeth Abbott & Family Morbaine Properties No Name Wealth (£m) Abbott Bros New entry 2009: £45m (+£10m) 132 Bill Gredley & Family 118 The Finlan family owns Morbaine 172 Kip Bertram & Family 80 Abbott Bros Holdings. to around £56m. 219 David Metter £56m its management contract. a property Properties. 10% stake in ailing Anglo Irish Fairholme Estates Tomkins started as an estate 2009: £52m (+£5m) Bank in 2008. we value the values down he is worth £59m.estatesgazette. a private group based in 201 Andrew & Sharon Turner 65 investment company. is worth £60m after tax. is here representing the wider Finlan clan. owns them. he is worth £58m. Raymond Mould Metter. assets in Frincon. 77.2m group of investors who bought a net assets in 2008-09. 75. it made With the 2006 sale and the net Wicklow and Dublin.8m in 2008-09. It floated owns all the business with his on the stock market in 2007 valued family and trusts.9m Mould collected £53m from other assets. the year to August 2009. is a director of Yates Property Holdings. a property profitable property business itself. Past salaries and Stamford. it 60 www. Rotolok New entry is worth perhaps £60m today. It has more than £55m net assets Tomkins family at £56m.4% stake. who New entry 2009: £98m (-£39m) we value on this figure. With £23m net assets. has bought properties in Boston. in 2008-09.4m in 2008-09. Nike. In late 2009. 69. It was sold by Tomkins Frincon Securities. The bank was nationalised developer and building contractor. McCauley Stamford became a real estate Nike Land Securities also owns Drake’s Island in New entry investment trust recently to take Plymouth.5m £17.estates gazette rich list 2010 He also owns pubs. He was among the 218 Solomon Potel & Family £57m complex at Frinton on Sea.6m loss on turnover of £65m in 2008-09. is owned by Solomon Potel. has a 72% stake in find bargains at rock bottom prices. raising more than £40m. Essex. Started in 1963. 58.9m on turnover of London & Stamford 2009: £60m (No change) £58m Dan McCauley £21. it is Property company London & John Nike & Family worth around £36m. which showed £2. but still has nearly £24m of net assets. Innisfree Group New entry at £248m. Morbaine 219 Robin Tomkins & Family 56 £1.9m profit and had £44. 74.2m net made a £588. We value the company With a 25.4m turnover. made a led by industry veterans Raymond Mould and Patrick Vaughan. Jerry Conlan sold 400 acres in sold off the Triangle shopping Naas for ¤340m in 2006 and invested his share in a healthcare business. it should easily be worth £75m. is the biggest shareholder in property outfit Sutton Harbour.9m turnover the takeovers of Arlington and. In 2006. 61. which made a £6. his earlier property ventures. owned by John Nike. and we value the business on this 215 John Finlan & Family £58m figure. Nike Land Securities. He also owns Rotolok where profits 215 Raymond Mould came in at £3. The Guernsey-based investor. Conlan. profit on a £15.com 20 November 2010 . It is Quando owned by the Yates family.

extension until 2020 as the The Akins family sold its betting The group is heavily involved market has been in the doldrums. 67. a Barnet. 48. Profits were down from Central are seeking a planning £15. He also the Thames Gateway. 228 New entry Andrew Ruhan & Family Bridgehouse Capital Construction and development group Watkin Jones saw turnover New entry £52m fall slightly in the year to Developers of Birmingham’s George Akins & Family September 2009 from £113m to £500m. Liverpool and Loughborough to Ruhan.000 profit on based Pritchard Holdings. Global Switch. Ruhan is also busy Nottingham-based firms. The company property group with £50m of which in 2008 made £4. Other smaller company 115 Julia Davey 131 Abbott family to £55m. including Navisite. In 1998. assets add £4m.9m turnover. Smaller We reckon that Ruhan has at least property operations add another a £30m stake there. SJC 14 student housing development elsewhere in property.9m. a Leicester- £53m 215 222 Amanda Yates Elizabeth Abbott 58 55 based property group.2m. With £132. East London’s redevelopment in preparation for the games has proved a fillip for with a third of the equity.5m this climate. and his Pritchard 232 Janet Knight 50 2009: £48m (+£5m) family trusts. 73. from Goldcrest Land for his Bridgehouse operation sold net assets in their 2009 accounts. Elliott Bernerd’s Olympic Games is a boon for the 225 Melvyn Cooper & Family £53m Chelsfield and a Canadian investor paid nearly £88m to take a 66% stake. 122 Miriam Kraus 127 Cooper bought a building in Tel 126 Fawn & India Rose James 120 222 Douglas Woolf & Family £55m Aviv.1m sales. It showed £49. US. We add £5m.9m. owns Hednesford- it made £897. he should easily be worth £53m.9m 242 Anne Scrutton 47 net assets in 2008-09 when Pritchard. In all. buying hi-tech businesses in the along the M11 corridor and in property investment company. It net assets.3m. In May 2006. it is a £200m company. it bought a site Capital is one of the scheme’s and property operations. And in April it sold three hotels to Hand Picked With other assets.was wound up when it was stated of its portfolio in 2006 at the top Richest women that the company’s assets were of the market and concentrated No Name Wealth (£m) £45. The company has also benefited Mel Cooper and his family own Since then Ruhan has been from demand for new housing and run Mountcharm. £10. He sold it two years later for around double the price. in Coltham Developments and Stockdale Properties add £3m of Glyn Watkin Jones & Family Watkin Jones 225 £53m net assets to Ruhan’s wealth. In January. The Watkin Jones family also has a small company called pioneer in the property field. taking a £1m loss on £7. shops in 2003 for £14m to in the growing student housing Andrew Ruhan’s Bridgehouse concentrate on casino. his company. which made an £8. 2m sq ft mixed-use Arena SJC 14 New entry £95. and SJC 15. New entry in Global for an undisclosed sum.2m. The Essex- Cooper.1m at the end of 55 Charlotte Townshend 320 and other assets should take the 2008. 172 172 183 Delia Grodner Miriam O’Callaghan Ciara Byrne 80 80 78 186 Debbie Dove 75 225 Romulus 201 Sharon Turner  65 2009: £60m (-£5m) Romulus Holdings.400 £773. one of London’s largest partners. is worth its net assets. he put all his money into buying the former Financial Times 228 Richard Higgins & Family £52m Heritage Holdings (North Wales) printworks in London’s Docklands. he sold his remaining stake and property group.2m sales. had more than £37m sites.6m profit should easily be worth £50m in net assets in 2009. nightclub market. London’s role in staging the 2012 In early 2000. We value the Cooper family at £53m.estatesgazette. In the family-owned construction Mountcharm 2002. when it made on £85.5m profit on He turned the building into one of Higgins New entry the sale of a property in 2005. worth around £52m. Other stakes 224 £54m £3m to Pritchard’s wealth. Fred Pritchard based operation saw its profits 20 November 2010 www.com 61 .9m and its liabilities just on development.000. the Woolf family to £55m. has always been a Gatehouse Bank for £29. 69. leaving Ruhan Higgins Group. the family is two student housing blocks in Hotels for £30m.3m to £12. 9 Baroness Howard de Walden 1. shrewdly sold 90% chairs Global Marine Systems. We the UK’s first telehouses through value them at £54m. a £10. Past dividends exceeded £39. The company assets Mountcharm’s net assets 30 Freddie Linnett 510 are worth £45. is owned Fred Pritchard & Family 232 Linda Ashley 50 by Douglas Woolf. In 2008. Its main in Hoxton.

NEEB. was active in Clapham Mark Kay Monopro and Brixton in the 1980s. 232 Jerry & Janet Knight £50m other assets to the Higgins family. climate. a clothes retailer. a figure we add to our family to £50m. she has assets.7m in 2008‑09.4m net his father’s dye company in the A property developer. take the Knights to £50m. Other assets. He sued for unpaid is worth that sum. Other assets £14.9m sales assets in 2007-08. including a Clarendon Developments. adding £2m for including Watford-based Current Design and. in late 2005 during a widely 57. is a £52m man. 74. 62 www. 56.4m £26. 2009: £46m (+£4m) £50m Linda Ashley Current Design New entry Lincoln-based Limes Developments is owned by Robert Jolly. buying ROK New entry up and converting homes bought 2009: £48m (+£4m) David Dangoor.1m net assets. Nobel Property at cost. accounts. we value them at £50m. owns half of Clarendon Properties.estatesgazette.7m deal and it was renamed profit on nearly £3. so we value 232 Limes the Rosefield family at £50m. ROK Property Solutions. His assets could be worth around £30m as they are in the accounts Tony Leonard main company. But a number of other companies add 232 Roger Raymond & Family £50m bonuses and ROK agreed to pay perhaps £4m. Hall. We value it on its £50m net assets. But Clarendon. based in Colchester. Monopro made a £1.3m. The Jolly sportswear billionaire who also family also owns the separate Stevenson. In the year to June and its net assets came in at EBC construction firm in a 2009.8m sales in 2008-09. Its net assets fell to £32. 68. The on bigger developments.2m Swedish-born Ashley. which also reported court case involving Hall a London property group. It has £95. is increasingly focusing We value him at that figure. is managing at auction from Lambeth council. a London-based property operation. and Stephen Rosefield. is worth at least £50m. the £42.25m. Mark Kay. take New entry net assets in its 2008-09 the Raymond family to £50m. Founded in assets. another £3. a property In 2000. are directors of Endeavour. Malcolm Hall Woollen Mill.2m.3m net assets 228 New entry in its 2008-09 accounts.3m net assets. 50. The owns the Powerscourt centre in and his stepdaughter over money.com 20 November 2010 . 66. Estates & Agency Holdings. With nearly £56. Lexadon started work Rockeagle.6m. In 2009 232 David Stevenson & Family £50m it made £3.6m sales. It South West developer.1m profit on £4. 61. a fast-growing Dublin property group. taking the Dangoor £1. but its net assets rose from Ashleybank Investments 2009: £50m (No change) the ex-wife of Mike Ashley. which made on the US. Irish developer Tony Leonard.8m to £43. transformed owns Newcastle United.7m of net assets in further companies such as MSJ Properties and Steelux Holdings. and his family. 232 Lexadon 228 2009: £50m (No change) £50m £52m David Dangoor & Family Lexadon. 232 Robert Jolly & Family £50m in 2008-09. the parent company. who founded director of Monopro. with her divorce settlement. NEEB 2009: £50m (No change) calculations. showed £12m family property partnership. With other 232 Malcolm Hall £50m Roger Raymond. 73. In the current economic Scottish Borders into Edinburgh stakes in several small businesses. also has homes Endeavour 2009: £60m (-£10m) of 16 shops in London’s Covent in London and Florida.estates gazette rich list 2010 come in at £1m on £224. 44. His total Garden area. shows £69. Dangoor family has at least 73% retained many of the properties he sold the business to the local of the shares. Leonard’s sale proceeds and 50% stake in Clarendon are worth £52m in all.9m of net assets in firms such as Eagle One Investment Holdings in 2008-09. 1959. own Endeavour. is sales. But its subsidiary. Kay also has around £30. 232 John & Stephen Rosefield £50m Clarendon and other investors Aside from his £3m Jersey made a £48m profit on the sale mansion.8m net £1.5m profit on £6. earlier for £79m. In early 2007. Kay. But we can see at least 58. In 2001. That makes the family stake worth £48m. it Kay joined the board but left in 2005 when he sold his stake for £14. Rosefield family and family trusts Dublin. bought three years wealth was put at around £50m John. Limes Estates with £6. but its £52m Malcolm Hall is a property developer based in Jersey. runs the family-owned NEEB Holdings. Nobel showed over £26. was a prominent company based in London.

Moss.8m net assets should take the Scruttons healthcare giant. Other Charles Lousada & Family which invests in residential. Grampian Holdings took over EWM. the also own Horus. 245 Regentsmead James Barham 2009: £48m (No change) Bayfordbury Estates Richard Ross chairs New entry £45m Regentsmead. and his family discounted net assets to £48m which accorded with Bayfordbury’s trusts. family is worth around £50m. 74. it made £3. The family worth the net asset figure. 76. 240 Peter Rich & Family £48m Brian Moss & Family GAT New entry With £44. We have sale price would be around £60m. The Moss it made a £744. Christopher Ure. and family trusts.5m.1m net assets between them in dividends and other assets should take the Ures to £45m easily.2m profit figure rose to £44.000 net assets in around £33m.4m net assets it is worth that sum. founded With other assets. 2009: £45m (No change) on £2. 243 £46m in 1969. for to Fairview. It had £40. £14. Past 242 £47m companies.6m profit on £45m Investments. We value him at £45m. Rich a South Wales-based property group. 250 Charles & Anne Scrutton 2009. Lousada. The family put its wealth John Elkington. New entry Assets at property company. It made £1. In the current climate. In 1997. We It should easily be worth £30m. with £1. 73.6m profit Carrick Capital property‑to construction group. 51.4m sales in 2008-09 when its James Spencer & Family in 2008-09. But the 240 Richard Ross & Family £48m 245 £45m company has £45m of net assets. 245 Rich Investments Brian Moss runs Gat Holdings. With other assets and past Scrutton New entry dividends. In 2008-09. in 2004 for more assets. runs Scrutton. the 2008-09. 20 November 2010 www. a Leeds-based business made over £1. Ben Brodie founded Carrick Care and had £41. the Malcolm Group. Other it all until its sale to Bupa. Scrutton Estates Alistair Pullan & Family 245 is a property company based in the J Pullan New entry east end of London. its 2008-09 accounts when it made value the Ross family at that level. take Elkington to around £46m.2m of net assets in 2008-09. also group based on Merseyside.8m sales and we now concentrates on his other value the business at £40m. 56. Bayfordbury Estates and PAJ Properties. it is Homes in 1986. and Anne £45m Alistair Pullan. 65. assets and past dividends and share Lousada New entry Ashleybank had around buy-backs in the past five years £41.1m £3. is now family to £44m.4m profit in the year to September 2009. In 2005. the Stevenson his property company. adding family and trusts.5m net assets in on profits of £2m in 2008-9. Cautiously. and 2003‑04 net assets of £55m. taking it to £48m. Brodie owned It is worth that sum. with nearly £1.estatesgazette. came in at £51. property. the Ben Brodie J Pullan & Sons. 62. Analysts reckoned the ATC Properties is owned by more than 20 years. It made a £1. It is owned by Peter net assets rose slightly to £30.7m. But its net asset In 2009. Hertford-based Barham. It is owned and run by Charles. value the company under the The business is owned by the Moss Spencer Commercial is a property net asset figure at £46m. owns Kent- based Penhurst Properties. which by chairman James Spencer. 68. we value the business and the Spencer family at £45m.com 63 . £44m Founded in 1962. netting the Stevenson family 243 John Elkington £46m involved in property development through Bothwell Bridge Estates with £343. Barham is easily worth £45m after tax. was taken private. sold for £38m in 2004. net assets of £27m in 2010. Dividends take the Pullan to around £47m. Spencer Commercial Property New entry Rich.1m sales in 2008-09. 47. Run £2m to the Rich family for founded Nuaire Holdings.2m sales. £2m profit on £4. 72. a property and James Barham stepped down as Christopher Ure & Family financial group created in 1934 chairman of Bayfordbury Holdings ATC Properties 2009: £47m (-£2m) by his entrepreneurial immigrant in 2004 after selling the business father and run by Ross. than £40m. John Elkington Charles Lousada. Stevenson family made another Penhurst 245 2009: £48m (-£2m) £6m when its former stablemate. 48. 58. Other assets add £1m to the Lousada family. Brodie.2m of net assets. It has £45m into Ashleybank Investments. paying £69m.000 profit on family is worth around £46m.

Anthony & Family 131 118 105 13 Dixon. Benzion & Family 16 732 495 237 Barham. Nick 104 148 122 26 Hitchcox. Michael & Family 41 400 350 50 Akins. Peter & Family 19 673 556 117 Davidson.400 — — Hobson. John 243 46 48 -2 Ainscough. 9 1. Albert & Family 149 104 92 12 Anthony & Family Healey. John 165 89 72 17 Harris. 110 135 125 10 Hay. Peter & Family 139 112 78 34 Kay. Melvyn & Delia 171 80 80 0 Bramall.400 1. Nicholas & Peter 171 80 — — Boultbee Brooks. Ronald 36 470 470 0 Chamberlain. Philip & Family 201 65 — — Kavanagh. Patrick 159 90 — — Dennis. Charles 98 150 130 20 Iliffe. John & Family 116 130 130 0 Kraus. William & Family 141 110 120 -10 Evans. Bill & Family 131 118 95 23 Boyd. Melvyn & Family 225 53 — — Jatania. John & Family 110 135 120 15 Brodie. Terence 84 175 175 0 & Family Conlan. Mathias & Miriam 121 127 100 27 Edmiston. Peter & Family 110 135 160 -25 Chervak. John & Family 170 81 78 3 Horney. Robert & Sally 141 110 110 0 Gredley. Demi & Family 192 70 52 18 Howard de Walden. Patrick & Family 158 93 200 -107 Kirschel. Robin & Family 141 110 86 24 Baroness & Family Clarke Family 41 400 400 0 Hunt. David 131 118 118 0 Doherty. Steve & Clive 116 130 200 -70 Gradel. Chris 29 522 425 97 64 www. Frank & Family 148 105 105 0 Hemmings. Francis & Shamus 88 166 146 20 Dangoor. James 201 65 48 17 Lazari. John 9 1. Lord 87 168 170 -2 Barclay. Martin 141 110 109 1 Gould. Jack 37 450 450 0 Kelly. Linda 232 50 — — Foster.estatesgazette. Michael & Family 190 72 67 5 Burke. 92 160 160 0 Finlan. Harry 54 320 300 20 Clowes. Ray 159 90 80 10 Charles. Cyril & Family 116 130 130 0 Kenny. Bruce & Family 171 80 70 10 Cooper. John & Ciara & Family 182 78 — — Herbert. William & Family 60 266 282 -16 Cola. Danny 171 80 78 2 Khalastchi. Robert & Family 232 50 46 4 Davey. Bert & Maurice 71 208 — — Feldman. Simon & Family 147 107 107 0 Davies. Elizabeth & Family 222 55 45 10 Elkington. Charles & Family 74 198 200 -2 Desmond. Mark 52 330 382 -52 Kirch. Manny & Family 66 220 200 20 Karimzadeh. Gerry 214 59 98 -39 Jarvis. Kevin & Michael 46 350 250 100 Egan. Simon & Family 151 100 120 -20 Hyams. Gerald 14 800 800 0 Capstick-Dale. John 159 90 — — Caring. Ben 245 45 45 0 Hall. Andrew 125 120 90 30 Jennings. Terry & Family 37 450 400 50 Grodner. Joseph & Family 75 197 170 27 Guthrie. Trevor 31 500 300 200 Byrne. Earl & Family 3 2. Heinrich & Family 135 115 105 10 Anstruther-Gough-Calthorpe.000 800 Freshwater. Peter 21 650 500 150 Bramall. Peter 171 80 65 15 Beckwith. Kip & Family 171 80 70 10 Gorvy. Martin & Family 72 200 — — Englander. John & Family 92 160 150 10 Garrard. Eliasz & Family 91 162 160 2 Ainscough. Fawn & India Rose 125 120 120 0 Cole. Sir David & Sir Frederick 5 1.500 2. David & Family 232 50 — — Jolly. Sir Donald 37 450 450 0 Birrane. Mark 228 52 48 4 Dellal. John & Family 116 130 90 40 Candy. Con & Family 166 85 85 0 Ashley. George & Family 228 52 — — Farmer. Bob 54 320 300 20 Lagan. The Duke of & Family 81 180 180 0 Heller. Anton & Family 151 100 90 10 Gosling. Frank & Family 92 160 115 45 Green. The Family 23 600 380 220 Creighton. Sir Donald & Family 25 580 465 115 Bertram. Julia 114 131 131 0 Jones. Bakir & Family 171 80 80 0 James. Nicholas & Christian 52 330 330 49 Hines. Graham 106 145 117 28 Brotherton-Ratcliffe. Prince 18 680 520 160 Horton. Eric 141 110 108 2 Brennan.000 500 Hindle.com 20 November 2010 . Lord & Family 64 240 220 20 Coffer. Mark & Kathleen 195 69 69 0 Dawson. John & Family 215 58 — — Sir Euan & Family Folkes. Elliott 129 119 219 -100 Gordon. Debbie 185 75 — — Knight. James 245 45 — — Gabbay. Tony 40 425 500 -75 Berkley.800 1. The Duke of 34 490 490 0 Gallagher. Eric 138 113 113 0 Bedford. David & Family 98 150 250 -100 Bassi.estates gazette rich list 2010 Alphabetical index New entrants are shown in brown Name 2010 Wealth in Wealth in Change Name 2010 Wealth in Wealth in Change rank 2010 (£m) 2009 (£m) (£m) rank 2010 (£m) 2009 (£m) (£m) Abbott. Malcolm 232 50 — — Brooksbank. Jonathan & Family 139 112 90 22 Caudwell. Sir Tom 135 115 110 5 Allen. David 84 175 150 25 Ives. Jon 20 660 660 0 Clarke. Paul 209 60 — — Gadsby. Laurence 53 325 300 25 Dove. Jerry & Janet 232 50 50 0 Dunsdon. Eddie & Family 15 750 750 0 Buccleuch. Richard 23 600 450 150 Hitchins. Sir John & Peter 59 270 330 -60 Gadsden.070 330 Clark. David & Family 209 60 — — Bourne & Green. Michael & Family 92 160 145 15 Caddick. Sir David 155 95 95 0 Bernerd. Tony & Family 113 132 92 40 Grove. Manfred & Family 77 195 170 25 Bilton. Richard & Family 228 52 — — Cadogan. Paul & Family 98 150 90 60 Higgins.

John & Family 185 75 50 25 Thomas. Tony 155 95 — — Woolf. Marquess of 61 250 250 0 McCauley. Woon Yip & Family 196 67 72 -5 Pidgley. Viscount & Family 12 1. Christopher & Family 245 45 47 -2 O'Callaghan. Leo & Family 31 500 530 -30 Upward. Keith & Family 45 385 280 105 Sinclair. Rashid & Aziz 150 103 — — Muir. Michael 124 122 82 40 Miller. Tony 228 52 — — Rana. David 125 120 105 15 MacDonald-Hall.500 400 20 November 2010 www. Charlotte 54 320 300 20 Nike. David & Simon 2 5.500 100 Wickens. Andrew & Family 225 53 — — McCabe. Sean 198 66 280 -214 Tomkins. Stephen 46 350 280 70 Ogden. Lord & Family 159 90 — — Leslau. Gerard 66 220 220 0 Watkin Jones. Brian & Family 92 160 160 0 McGettigan. Gerald & Family 106 145 180 -35 Mactaggart. David & Family 76 196 200 -4 Roberts. William & Family 208 61 96 -35 Lewis. Sam 57 296 250 46 Stevenson. Ian & Richard 6 1. Sir Robert 98 150 115 35 Versteegh. Alan Edward & 209 60 — — Pullan. Giles 205 62 — — Ronson. Bernard & Family 13 920 920 0 Raymond. David & Family 232 50 50 0 Mortstedt. John & Family 184 76 75 1 Roxburghe. Ken 105 147 165 -18 Mackay. Sir John & Family 151 100 90 10 Mabey. Charles 171 80 70 10 Potel. Sir Richard & Family 120 129 115 14 Mould. Sir Stanley & Peter 65 225 225 0 Mulryan. Sir Michael & Family 58 295 294 1 Morris. Bill 182 78 87 -9 Ruhan. Poju 8 1. John & Family 215 58 — — Turner.000 950 50 Yeates. Edward 166 85 65 20 Richardson. Nicholas 192 70 — — Yates.estatesgazette. Shaf 171 80 — — Lewis. Gary 89 165 160 5 Petchey. David 219 56 — — Shahmoon. Jim & Family 201 65 66 -1 Pritchard. Cavan & Family 205 62 50 12 Wing.600 1.060 1. David 41 400 400 0 Moss. Glyn & Family 224 54 — — O'Rourke. Jim 28 530 500 30 Sellar. Andreas 61 250 250 0 Westminster.Alphabetical index New entrants are shown in brown Name 2010 Wealth in Wealth in Change Name 2010 Wealth in Wealth in Change rank 2010 (£m) 2009 (£m) (£m) rank 2010 (£m) 2009 (£m) (£m) Leavesley. Simon & Paul 205 62 57 5 Northampton. Dick & Family 155 95 85 10 Panayiotou. Michael & Robert 123 125 95 30 Moran. Lord 17 730 730 0 Moser. Charles & Family 245 45 — — Richmond. Charles & Anne 242 47 — — McManus. Stuart 81 180 180 0 O'Hare. John 27 540 560 -20 Rosenfeld. Robert & Family 66 220 125 95 Family Reuben. John 209 60 — — Slade.132 Livingstone. David 114 131 147 -16 Whittaker. Rupert & Family 198 66 60 6 Tayub. Douglas & Family 222 55 60 -5 Porter. Irvine & James 78 190 165 25 Metter. Michael & Family 72 200 295 -95 Wall. Raymond 209 60 60 0 Sykes. Duncan & Family 185 75 76 -1 Miskelly.500 — — Powell. Andrew & Sharon 201 65 65 0 Noé. Jeff 129 119 65 54 Morgan. Paul 21 650 550 100 Mucklow. John 11 1. Roger & Family 232 50 50 0 Linnett. Caspar 46 350 300 50 Rohan.500 300 Pearl. Brian & Family 243 46 — — Sutton. Christopher 66 220 144 76 Smith. James & Family 245 45 — — Morris. Nick 98 150 130 20 Rankin. Solomon & Family 218 57 52 5 Zabludowicz. John & Stephen 232 50 60 -10 Magnier. Eamonn 198 66 — — Watson. Fred & Family 225 53 48 5 Lee. Eli & Family 98 150 250 -100 Middleton. Henry & Family 89 165 165 0 Sullivan.com 65 . Robin & Family 219 56 — — Murphy. The Duke of 1 6. John & Family 97 152 152 0 Gordon & Family Lyons. Jack & Family 141 110 95 15 Steinberg. John & Family 122 126 85 41 Mellon. Mark & Family 7 1.400 250 Rich.650 1. Michael 189 73 72 1 Monk. Noel & Miriam 171 80 — — Vernon. Dan 219 56 — — Scowcroft. Alan 78 190 180 10 Townshend. Alan 61 250 225 25 Rasul. Steve 46 350 350 0 Smurfit. Jack 31 500 450 50 Wilson. The Marquess of 159 90 — — Ure. Richard & Family 240 48 48 0 Marston. Andrew 151 100 100 0 Marshall. Jeremy 190 72 — — Shanly. Freddie & The Murphy 30 510 445 65 Rayne. Jim 137 114 195 -81 Scrutton. Clinton & Family 108 140 115 25 Salisbury. Alistair & Family 250 44 — — Leonard. Sir John & Family 166 85 70 15 Rosefield. Roger & Family 196 67 89 -22 Pervez. Roy & Family 41 400 350 50 Lousada. Sten & Family 80 186 190 -4 Sugar. Amanda & Family 215 58 50 8 Portman. Sir Anwar & Family 25 580 500 80 Widdowson.900 1. Gerard & Family 125 120 120 0 Oglesby. David 185 75 75 0 McCarthy. Chris & Family 109 136 130 6 Ross. JP 34 490 430 60 Seddon.360 -300 Pears. Bill & Family 169 82 65 17 Spencer. Peter & Family 240 48 — — Lonergan. The Duke of 159 90 80 10 McCabe.300 2. Kevin & Family 81 180 175 5 Russell. Eddie & Sol 4 1. The Duke of & 171 80 — — Lynch. David & Family 46 350 275 75 Pickering.800 6. Alastair & Michael 70 209 205 4 Zakay. Stuart & Family 131 118 99 19 Slowe. Mark 84 175 175 0 Morrison.432 3. Anthony 46 350 250 100 Ritblat.

may have now stabilised. We will adjust valuations next we do not know about.com 20 November 2010 . Where private companies pay large not have full control of the Crown Estate salaries to their owner‑directors.com. unless – like and wealth calculation.estates gazette rich list 2010 Rules of engagement 1 Valuations for quoted property companies 4 We have counted family trusts as part are usually based on their share price of family shareholdings in making our as at early September 2010. the rate of year for any who feel that we have been too decline in values and economic activity wide of the mark. Most added a proportion of the salary to our profit landowners are also excluded. Second. which may be challenged also have large assets elsewhere that by those listed. which helps to underpin our values. qualify for this list. Where construction magnates have a significant Where accounts are not up-to-date. such company valuations. We ask 2008 and early 2009. the strength of the balance sheet and credit ratings in arriving at our The Queen is not included as she does figures. 3 Though there may be some concern that we have not cut our valuations deeply Inevitably we will have missed people who enough to reflect the economic crisis of late feel they should have been included. here. we have not 2 We have also been influenced by levels included them. we property element. Dr Philip Beresford and Dominic Price 66 www. more conservative in their balance sheets and that the net asset figure may not reflect Any other comments also gratefully received the true position. companies we have based valuations largely on their latest net asset figure. we have in the normal meaning of the word. trading or related areas. 10% or more (depending on the strength of their balance sheet) in arriving at our Where retail tycoons such as Sir Philip Green valuation. For private assessments of company ownerships. Finally. of borrowings. we have included or have discounted their net asset figure by excluded them on a case-by-case basis.estatesgazette. many of the property tycoons All our calculations for valuations are who have private property companies ballpark figures. we take comfort from them to send in their details for next year to the fact that private companies are much Philipberesford@aol. the Duke of Westminster – their wealth derives from urban property holdings. as estate agency. significant part of their fortunes in property we have been cautious in our private investment. 5 Only those who have made all or a After the credit crunch and property crash. of Arcadia have used property trades to help them on their way to fortunes.