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PRIVACY
Commercial Property

Birmingham Post Rich List 2016: No.11 - Roy Richardson & family

The Richardson family is probably best known for the Merry Hill Shopping Centre in Brierley Hill, but the company’s reach goes far wider than that with projects and joint ventures across Europe and North America

Roy Richardson

Construction/Property
2016: No.11 - £480m
2015: No.9= - £500m

is probably best known for the Merry Hill Shopping Centre in , but the company’s reach goes far wider than that with projects and joint ventures across Europe and North America.

One major Richardson’s project is the regeneration of part of Durham’s Riverside – Freemans Reach – which is the º£½ÇÊÓÆµ’s first city centre development to use hydro power generation following the installation of a huge water turbine.

The Durham transformation – which is securing 800 jobs – is one of the latest projects undertaken by Oldbury-based Richardson Capital. The regeneration includes new offices for National Savings and Investments. Richardson’s is part of a development consortium which includes and Arlington Real Estate.

Richardson Capital is also transforming the Lowesmoor area of Worcester – all part of a £75 million regeneration scheme, once again with Carillion as a partner.

The scheme, christened the St Martins Quarter, includes retail outlets, restaurants, leisure facilities and a multi-story car park as well as an ASDA which boasts 125,000 sq ft of floor space and a car park for 500 vehicles. The project has also involved the restoration of one of Worcester’s most historic buildings. The former Majestic Wine Warehouse, which dates back to the Civil War, is being transformed into new offices.

Richardson’s has been developing real estate for six decades. The company was founded more than 60 years ago by the Black Country’s most famous twins – Roy, aged 85, and the late Don Richardson, and is now run by sons Lee, Carl and Martyn Richardson.

The company is growing internationally and has developments across many European countries including Hungary, Austria and The Netherlands. A recent investment is the luxurious Palazzo Dorrotaya, one of the most exclusive office addresses in Budapest. Richardson Capital is joint owner with RDM Gruppo Fingen of Italy. The 1821 building has been renovated and is occupied by UBS and global legal services firm Baker & McKenzie. It also includes luxury apartments and shops.