Harry Hyams

Harry Hyams, (b 2 January 1928), is an English millionaire who made his fortune as a speculative property (real estate) developer. He is best known as the developer of the Centre Point office building in London. He is considered to be reclusive, and is the long-term owner and resident of Ramsbury Manor, near Marlborough in Wiltshire. In 2008 The Johnson Gang, including five members from the same family, were jailed for up to 11 years for a series of raids on stately homes. This included a raid at Ramsbury Manor that the judge described as the biggest ever private burglary in England [cite web|title = Five jailed for biggest burglary - BBC News|url = http://news.bbc.co.uk/1/hi/uk/7544650.stm|accessdate = 2008-08-06] .

Hyams’ approach to property development

Hyams made much of his fortune developing office space in London at a time in the 1960s and 1970s when rents there were rising significantly. He preferred to find single, blue-chip tenants for his properties, having them fully repair and insure the buildings they occupied, as is common with commercial property in the UK [cite web|title = Is there (economic) life beyond the end of a lease? - RICS|url = http://www.rics.org/Practiceareas/Management/Disputes/boyd002.htm|accessdate = 2008-08-06] . This approach enabled Hyams to manage a valuable and sizable property business with a staff of just six. It was also used by Hyams as justification for keeping his Centre Point development empty for years after completion – he claimed he could find no tenant willing to lease all 202,000 sq ft of space [cite web|title = Harry's Sore Point - Time|url = http://www.time.com/time/magazine/article/0,9171,906178-1,00.html|accessdate = 2008-08-06] .

Praise and controversy

Hyams has met with both praise and controversy for his approach. Property developer Sir Stuart Lipton has called him “the first man to recognise the importance of skilled planning and development”. But Hyams and his building Centre Point became a focus for protest against what some saw as the greed of profit-driven developers. This led to the establishment of the Centrepoint charity for the homeless which was named after Hyam's most prominent creation [cite web|title = The man who developed Centre Point - Building|url = http://www.building.co.uk/story.asp?storycode=3069488|accessdate = 2008-08-06] .

References

External links

:News reports about Ramsbury Manor thefts: [http://news.scotsman.com/arts.cfm?id=171132006] [http://news.bbc.co.uk/1/hi/england/wiltshire/4673840.stm] [http://news.bbc.co.uk/1/hi/england/6036753.stm]