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43 Constantine Folkes PS130M (2018 PS128M) (42) 2018 PROPERTY/ MANUFACTURING.

A GAME reserve in the Eastern Cape region of South Africa and metal-bashing in the Black Country have combined to create a healthy income for Constantine Folkes. His wealth is boosted by a portfolio of industrial property.

His Folkes Holdings property business operates across the UK and South Africa.

Its major property interest in the UK is a 1.4 million sq ft portfolio of largely industrial property with more than 90 tenants across the West and East Midlands.

Constantine In South Africa, the operation is an active developer and investor - largely in the industrial warehouse sector - with assets in Johannesburg, Cape Town and Durban. The company also holds 25,000 acres of agricultural land in the Eastern Cape - the Glen Harry Game Reserve.

The company is 100 per cent owned by Jersey resident Constantine Folkes and his family, and is one of the largest private property groups in the Midlands.

Constantine Folkes can trace his company back to 1697. His company was named in the Top 10 oldest family firms in the UK by Family Business United.

He is a descendant of the Lye blacksmith who began the business more than 350 years and 10 generations ago.

Folkes Holding's main business is now developing and investing in industrial, retail, office and residential property.

Constantine Folkes, 65, and an accountant by training, took over the helm of the family company in 1981.

Folkes When taking over at the age of 28 he was the youngest chairman of a quoted company, putting his drive and determination down to principles instilled in him as a child by his father John Folkes.

In 2002 he took the company private. His family members serve on the Folkes Holdings board.

As well as the value of Folkes Holdings we add at least PS25 million for past and present dividends, pension funds, houses, art and other investments.

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Constantine Folkes

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Title Annotation:Features
Publication:The Birmingham Post (England)
Geographic Code:6SOUT
Date:Jan 24, 2019
Words:315
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