40 (35=) Charles Clowes £100m (£95m)
It’s rumoured that 67-year-old Charles Clowes is seeking a quiet exit from the property business and has put his Derby-based company up for sale.
According to unconfirmed reports, Charles Clowes has invited a small number of property companies to bid for Clowes Developments UK of which he has 100 per cent control.
Whoever acquires the profitable business will get an impressive investment and development portfolio. The company has been assembling a large site in the centre of Derby for the last five years for a £10 million piazza scheme.
This flagship project involves building a new retail development which will transform part of the centre of the town, linking the Strand, Sadler’s Gate and St James Street. The showpiece will be St James Yard - a continental-style shopping piazza.
Clowes Developments also has plans for a 20 acre site around Old Friars Gate, with a mixed residential and retail development. The site will require the sympathetic treatment of Grade II listed buildings.
These sites form just part of Brailsford-based Clowes Developments’ portfolio.
The company, established 40 years ago, has an impressive record of commercial, retail and residential development. These include industrial parks, and the Dove Valley Park in Derbyshire.
Its investment properties include three in central London - in Harley Street, Eaton Place and Edgware Road.
Clowes Homes, from offices in Long Eaton, has residential developments in Burton, Leicester and Derbyshire.
Charles Clowes is a Derby County supporter and five years ago, when the club was £30 million in debt, he put together a consortium bid, along with former Derby County chairman Stuart Webb. However, he later withdrew from the bidding.
