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31.10.2015

Estates Gazette Rich List 2015

Estates Gazette Rich List 2015

No. 168 – £207m

The Duke of Buccleuch & Family (Buccleuch Estates)

Buccleuch Property sold a 32,000 sq ft office block in Doncaster for £4.4m in May 2015, reflecting a 9% yield.  In December 2014 it snapped up a £6.4m Cambridge office development and entered into a partnership with local developer Wrenbridge.  The deals reflect the growing appetite for property of the 10th Duke of Buccleuch, who inherited his title and assets from his father in 2007.  The popular ninth Duke, Europe’s largest landowner, left £320m in his will.   The art treasures and antique furniture were valued in the will at £224m, but we cut that back to £150m, taking account of a likely tax bill.  Parent company Buccleuch Estates showed £122.5m in net assets in 2014, up £9m on the previous year, which takes Buccleuch up to £207m.

Estates Gazette Rich List 2015