Eddie and Malcolm Healey
Comfortably into his eighth decade, Malcolm Healey, 72, continues to display the Midas touch he and his brother Eddie, 79, have shown throughout their long business careers. Malcolm's West Retail Group, which includes Wren Kitchens and the electronics retailer Ebuyer, enjoyed a record year in 2015, with sales soaring to £446.2m.
Set up in 2009, Wren Kitchens was Malcolm’s third successful kitchen business and saw revenues pass £250m last year. His first triumph was building up and selling Hygena Kitchens in 1987 for £200m. He repeated the process in America, selling his Mills Pride operation for £800m, and now lives on a huge East Yorkshire estate.
Malcolm’s brother Eddie is best known as the developer along with Paul Sykes (qv) of the vast Meadowhall shopping centre outside Sheffield. The £1.17bn sale of the complex in 1999 netted him about £420m. After Meadowhall, Eddie developed Centro, one of Europe’s largest shopping centres, built on an old steelworks site on the Ruhr, Germany. A £550m refinancing of the 1.6m sq ft centre in 2012 followed the purchase of a 50% stake in 2011 by a Canadian pension plan for about £250m.
Eddie sold his Parc Trostre retail park in Wales to M&G Real Estate for £156m in August 2014, right at the top of the market. His main business, SPH 2011, showed £373m assets in 2015 – a fall of £68m on the previous year, largely due to property revaluations. The Parc Trostre deal pushes Eddie and his side of the family to £980m.
His son Mark recently moved into renewables with the £250m purchase of wind farm assets in Scotland through his Blue Energy operation.