Sunday 18 March 2018

Freddie Linnett (68) is one of the wealthiest women in the UK. Her uncles, Hughie and Paddy Murphy, came to Britain from Armagh in 1945. They left her a 32pc stake in property group Charles Street. 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 remainder. The company owns office blocks, warehouses, residential property and shopping centres throughout the UK, which are let out to government and blue-chip tenants. In Leicester, it is part of a regeneration project featuring a hotel, apartments, offices and a shopping centre. Other assets include an office block in London's Mayfair, as well as other developments in Nottingham, Worcester and Maidstone.

Other assets are located in Exeter, Oxford, Dundee, Warrington and elsewhere. The most recent accounts show £723m of assets and shareholders' funds were £683m. The rent roll was £40m, with a pre-tax profit including property value uplift of £105m. The profit and uplift account for the rise in their wealth in the past year.

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