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PRIVACY
Economic Development

Rich List 2018: No.13 - Caspar MacDonald-Hall

Caspar MacDonald Hall's Kingswinford-based London & Cambridge Properties has become one of the most active players on the Midlands property scene

Rich List 2018 - Who is in the Top 10?

Property
2018: No.13 - £560m
2017: No. 11 = - £550m

Kingswinford-based London & Cambridge Properties has become one of the most active players on the Midlands property scene.

Turnover has broken through the £100 million mark, with profits also on the rise. In the year to March 2017 - which LCP described as "exceptional" - revenue hit £113.7 million compared to £98.4 million the previous year, and profits rose from £70 million to just short of £85 million. Rental income increased by £8.3 million.

LCP has more than 400 sites across the Midlands, the south west, Yorkshire, Lancashire, London and County Durham. The business acquired property worth almost £50 million in the º£½ÇÊÓÆµ which included a £15 million portfolio of 11 buildings. The company has also spent £9 million upgrading and improving property 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. 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. .

Arcadian, in China Town, Birmingham

 

LCP has acquired Churnet Park in Leek, two retail parades in Airdrie, Scotland and the £5.7 million iSpace portfolio in Sheffield and Hull. It also acquired a parade of commercial units in Bromsgrove Street, Birmingham. It s Birmingham interests already include the Arcadian night-time venue and B5 Southside.

London & Cambridge, established in 1987, is one of the º£½ÇÊÓÆµ’s largest private owners of retail and industrial property. The company owns industrial, office and retail properties from Durham and St Helens in the north to Aldershot, Sidcup and Maidstone in the south, plus a large amount of property in and around the Black Country.

The company – 40 per cent owned by Caspar MacDonald Hall - has significant retail holdings in the town centres of Wolverhampton, Dudley, Aldridge and Walsall and industrial interests in Pensnett, Burntwood and Bloxwich.