Irvine Sellar Explained

Irvine Sellar
Birth Name:Irvine Gerald Sellar
Birth Date:3 September 1934
Birth Place:London, England
Death Date:26 February 2017 (aged 82)
Death Place:England
Occupation:Property developer
Spouse:Elizabeth Sellar
Children:3

Irvine Gerald Sellar (3 September 1934 – 26 February 2017) was an English fashion retailer, and later property developer. He was the founder of the Sellar Property Group, and the developer of The Shard.

Early life

Sellar was born on 3 September 1934[1] in London, England.[2] [3] [4]

He worked with his father on markets in and around the East End of London.[5] [6] His family was Jewish, and he grew up in Southgate, London. Sellar left school at 16 and studied accounting but decided to start working instead.[4]

Career

Sellar started his career as a market trader before opening his first shop in St Albans. A second shop followed in Soho's Wardour Street in 1964. The following year, along with his wife Elizabeth, a third shop was opened on Carnaby Street,[4] a parade that was to become a worldwide Mecca for fashion, helping to define London's swinging 60s.

Meanwhile, he founded the first unisex fashion company in the United Kingdom, Mates by Irvine Sellars. The company later became "Britain’s second-biggest fashion chain," with 90 shops in 1981. That year, he sold it to a South African investor.

Sellar founded Ford Sellar Morris, a property company listed on the London Stock Exchange. Sellar borrowed £111m in 1989 and,[4] because of a property downturn in 1991, the company went bankrupt in 1991-92,[5] when Sellar lost £30 million.[6]

Sellar founded the Sellar Property Group. He acquired the headquarters of PwC in London Bridge in 1998.[5] That year, he acquired the site of what would later become The Shard.[6] With 80% from Qatari investors, Sellar completed the construction of The Shard in 2012. He subsequently developed buildings near Paddington Station.[5]

In December 2016, his plan to develop the 19-storey Paddington Cube for £775 million was approved by Westminster City Council.[7]

Personal life

With his wife Elizabeth,[6] Sellar had two sons, James, who went on to serve as chairman of SPG, and Paul, a playwright, as well as a daughter, Caroline.[4] [5]

In 2015, Irvine and James Sellar had an estimated joint wealth of GBP£220 million.[8] Sellar was a black belt in judo, drove a Rolls-Royce and smoked cigars.[4]

Death

Irvine Sellar died on 26 February 2017, aged 82.[5] [6]

Notes and References

  1. Web site: Irvine Sellar obituary. Martin. Adeney. 7 March 2017. 15 March 2017. The Guardian.
  2. News: Glancey. Jonathan. That's nice - but what's it doing there?. 1 March 2017. The Guardian. 18 March 2002.
  3. Web site: Irvine Gerald SELLAR. Companies House. 28 February 2017.
  4. News: Irvine Sellar: Tenacious property developer who made a fortune with Britain's first unisex fashion chain and later masterminded the Shard. 28 February 2017. The Times. 28 February 2017.
  5. News: Evans. Judith. London Shard developer Irvine Sellar dies at 82. 28 February 2017. Financial Times. 27 February 2017.
  6. News: Bury. Rhiannon. Shard developer Irvine Sellar dies aged 82. 28 February 2017. The Daily Telegraph. 27 February 2017.
  7. News: Sleigh. Sophia. Renzo Piano's £775m 'Cube' building given green light to transform 'tatty' Paddington. 28 February 2017. London Evening Standard. 7 December 2016.
  8. News: Sunday Times Rich List. The Sunday Times. page 62. 26 April 2015.