36 DANIEL WATTS, JAYNE GEE & FAMILY
Property 2018: £100m 2017: £100m (34th=)
Plans to build a new £70million retail park on the edge of Colchester have faced a long-running legal challenge from the local council and retail giants in the town centre. Tollgate Partnership plans an out-of-town shopping village, which would be 20-acres on the former Sainsbury’s site, with retail and leisure uses – including a new cinema. Since the 1980s Tollgate Partnership, run and owned by the Watts family, has delivered a shopping centre, business park, Sainsbury’s superstore, new roads and improved access for pedestrians and cyclists in the area. Today the business is run by the second generation of the family, Jayne Gee and Daniel Watts. Its main subsidiary, Corporate Associates, showed £96.3m net assets in 2016-17. Other smaller property companies etc. keep the Watts family at £100m until the Tollgate issue is resolved.