![]() The net book value of their land and buildings was put at £467.2m in January 2019, with the overall net assets stacked on the company’s balance sheet now standing at £541.3m in 2018-19. Their retail sites, including those on London’s New Bond Street and Newcastle upon Tyne’s Northumberland Street, are valuable. Real estate has been more lucrative than retail for the Fenwicks of late, with the operation racking up an overall loss of £44.2m in 2018-19 due to the woes of their nine shops. He was the fifth generation to lead the Newcastle-based chain, having previously worked in the music world where he managed acts including T. The family is led by Mark Fenwick, who served as executive chairman of the group until 2017. In 2018-19 the family’s main company drew in rental income of £8.7m. The Fenwicks are best known for their department stores, but their place at the pinnacle of this list is due to their extensive property holdings. These entrepreneurs and business leaders demonstrate there are opportunities everywhere for those with imagination and resolve. We feature the owners of some of the North East’s best-known, family-run businesses, which stretch back generations, such as Cussins, Burton Collingwood, and Bussey & Armstrong.īut we also highlight the fast-moving, self-made entrepreneurs such as Ian Baggett, the ex-Navy man who began in property at the age of 21 and has built a development company that has provided homes for nearly 2,700 people.Īnd while almost every reader of this list will know the name of Duncan Bannatyne, there are many property tycoons included who have shunned the limelight while building their fortunes. His construction services operation is now worth at least £16.1m. There is a place on this ladder for the Duke of Northumberland, with his vast estates and a successful housebuilding operation.īut there is also a slot for John Wade, who left school at 15 and initially earned just £2 a week. These are entrepreneurs and business leaders from every background. So too do hoteliers, landlords and the construction services companies who provide the materials and tools for this vital industry. Housebuilders, property developers and wealthy land owners all feature in this list. ![]() Our rankings show the entrepreneurs thriving from a rising student population, booming tourism and the growing need for care homes. The North East’s 50 leading property players are sitting on combined wealth of nearly £5.2bn, according to the first Insider Property Rich List for the North East region.
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