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PRIVACY
Commercial Property

Birmingham Post Rich List 2016: No.8= - Tony Gallagher & family

Tony Gallagher continues to benefit from increases in the value of land banks as the property market gains ground

Tony Gallagher

Construction
2016: No.8= - £550m
2015: No.11= - £475m

continues to benefit from increases in the value of land banks as the property market gains ground.

Through his Gallagher Estates and Gallagher Developments companies, he has spent more than three decades accumulating land and property assets ranging from retail parks, housing plots and industrial sites.

The result is a vast land bank under development, with planning consent or as an investment. His companies own more than 35,000 house building plots throughout the º£½ÇÊÓÆµ, as well as a large retail park investment portfolio.

These, combined with substantial cash resources and no borrowings, saw Tony Gallagher and his Warwick-based company get through the downturn in better shape than many in the development business.

Valuable land and property assets in the º£½ÇÊÓÆµ and Europe mean that 64 year-old Tony Gallagher is able to buy, develop and sell when the market is right. While he has been selling in recent years, he still has a retail park portfolio of nearly three million sq ft spread across sites in England, Scotland and Wales.

The two divisions of a wide range of business, retail and residential projects. Gallagher Estates and Gallagher Developments are involved in schemes across the º£½ÇÊÓÆµ and the company has worked with more than 50 local authorities on development and regeneration projects. The company describes itself as a “master developer” and a “place maker”, assembling land and building new communities in a sustainable way. Retail development is one of the company’s strategic priorities.

Urban regeneration projects are under way in Manchester, Northampton and Warwick, to name but a few, while urban extension schemes are being developed in Cambridge, Bristol and Milton Keynes.