Harold Samuel, Baron Samuel of Wych Cross

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Harold Samuel, Baron Samuel of Wych Cross Kt (born April 23, 1912 in Hampstead - † August 28, 1987 ) was a British investment entrepreneur and real estate agent who founded Land Securities in 1944, which is now one of the largest investment companies in Europe , and in 1972 due to Life Peerages Act 1958 when Life Peer became a member of the House of Lords .

Life

Samuel, son of a Jewish jeweler , completed an apprenticeship at the College of Estate Management at Lincoln's Inn Fields and as a geodesist after attending Mill Hill School .

In 1944 he founded the real estate company Land Securities by purchasing three properties in London . In the following years he continued to expand the company's real estate holdings, and after the end of the Second World War he succeeded in circumventing the bond limit of £ 10,000 by the government set up until 1947 by the government's Capital Issues Committee by establishing subsidiaries each of which borrowed up to this limit. He also took over other companies that had approved bonds. In addition, the company expanded essentially only in the UK, such as the war-torn inner cities of Bristol , Coventry , Exeter , Kingston upon Hull and Plymouth , and largely avoided expansion abroad. Over time, Land Securities grew into one of the largest real estate companies in Europe and one of the UK's leading real estate and investment companies listed on the London Stock Exchange . The company's assets were already £ 11 million in 1952, £ 204 million in 1968 and £ 3 billion at the time of his death in 1987. The property purchases were made according to his motto: “There are three things that are important when it comes to property ownership. These are location, location, location "('There are three things you need in property. These are location, location, location.')

Through his private purchases of old Dutch paintings such as Philips de Koninck and Jacob Isaacksz. van Ruisdael he created one of the largest private collections of this art movement, which were later bequeathed in large parts to the art collection in the Mansion House . His daughter and son-in-law, Marion Samuel Naggar and Guy Naggar, later became patrons and bequeathed many of the private paintings to the Natural History Museum , the Jewish Cultural Center and the Whitechapel Gallery in the East End of London .

For his public and charitable services he was beaten on June 8, 1963 to the Knight Bachelor and from then on carried the suffix "Sir". He was also from 1967 to 1970 Member of the markets Management ( Market Authority ) from Covent Garden .

By a letters patent dated July 3, 1972, Samuel was raised to the nobility as a life peer with the title Baron Samuel of Wych Cross , of Wych Cross in the County of Sussex, and was a member of the House of Lords until his death.

Background literature

  • Peter C. Sutton: Dutch and Flemish Seventeenth-Century Paintings. The Harold Samuel Collection , 1992, ISBN 0-52141-7-953

Web links

Individual evidence

  1. ↑ a b Jamie Oliver: How They Blew It: The CEOs and Entrepreneurs Behind Some of the World's Most Catastrophic Business Failures , 2010, ISBN 0-74945-9-654 , pp. 93 f.
  2. ^ Walter A. Liedtke: Dutch Paintings in the Metropolitan Museum of Art , 2 volumes, 2007, ISBN 1-58839-2-732 , p. 413.
  3. ↑ Seymour Slive: Jacob Van Ruisdael: A Complete Catalog of His Paintings, Drawings, and Etchings , 2001, ISBN 0-30008-9-724 , p. 34.
  4. ^ Lessons from failure - how Guy Naggar & Peter Klimt blew it . In: Real Business of July 12, 2010.
  5. ^ London Gazette  (Supplement). No. 43010, HMSO, London, June 8, 1963, p. 4794 ( PDF , accessed October 16, 2013, English).
  6. ↑ Cambridge Catalog ( Memento of the original from June 10, 2015 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / www.cambridge.org
personal data
SURNAME Samuel, Harold, Baron Samuel of Wych Cross
ALTERNATIVE NAMES Samuel, Harold, Baron Samuel of Wych Cross (full name)
BRIEF DESCRIPTION British politician
DATE OF BIRTH April 23, 1912
PLACE OF BIRTH Hampstead
DATE OF DEATH August 28, 1987