Freddie Linnett (65) was once considered to be the second richest woman in the UK after the Queen. She inherited her 32pc stake in property group Charles Street from her uncles Hugh and Paddy Murphy, who initially came from Armagh. The Murphy family run the business which owns six million square feet of property in the UK, which is let out to government, banking and blue-chip tenants, with a rent roll of €49m per year. The bulk of the properties are in the Midlands, which has seen prices rise.
The group also owns the Boodles Store on Dublin’s Grafton Street which it bought at the bottom of the cycle in 2010. The company values its properties at €701m up from €654m last year. Chief executive Hugh and his wife Mary Murphy own around 49.2pc of the shares in the Charles Street (Leicester) holding group with the extended family holding the rest.