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PRIVACY
Economic Development

Rich List 2017: No.=11 - Caspar MacDonald-Hall

Property developer Caspar MacDonald Hall, chair of London & Cambridge which owns The Arcadian, has jumped up two places in the Rich List from 2016

Arcadian, in China Town, Birmingham

Property
2017: No.=11 - £550m
2016: No.13 - £450m

Kingswinford-based London & Cambridge Properties is planning to increase warehousing and industrial space by 260,000 sq ft on its flagship Pensnett Trading Estate

The estate is one of the largest business estates in Europe, home to 170 businesses in 2.4 million sq ft of space.

The development is supported by the Black Country LEP.

London & Cambridge has invested £1.5 million into refurbishing its own headquarters - LCP House - on the estate.

The three-story 1960s property has panels to control solar heat, new windows, new car park and a new open-plan office layout.

The company - which is consistently profitable - has a turnover of almost £100 million and pre-tax profits in the year to March, 2016 of £70.1 million.

Its investment portfolio is valued at more than £900 million. It has concentrated on acquiring neighbourhood shopping parades, including the £36.6 million Navigation portfolio of 19 sites in England and Scotland.