Dynamic Property Investment & Development
The principal of Richard Hayward Properties, Richard is a well-known property investor and developer with more than 40 years’ experience in the industry. He is responsible for RHP’s corporate business strategy and development.
Richard started his property business in residential investment in 1979 and subsequently sold in 1988 for £6.4 million. He was also a partner in Davis & Sons Estate Agents, until it was sold to Prudential in 1989.
His vision, drive and passion underpins RHPS company ethos, while his entrepreneurial approach and wide-ranging interests have created a uniquely flexible business that works across all property sectors and also invests in fledging businesses and individuals.
As a lawyer and someone who has been involved in property development and investment as well as a host of other commercial activities since the 1970’s. Richard has led the business through several recessions so that it is now in a strong position, with plans to further the growth of the business for the future and the finances in place to support them.
Richards empire has stretched from Devon to Cornwall to the Highlands and lowlands of Scotland but has always been based in South Wales. At one stage in 2005 he was owning £350m of assets. Today the business has £75m with £22m of debt and intends to further reduce debt whilst carrying on selective development to aid cashflow and add to the value of the portfolio by creation rather than through investment purchase. This results in better quality assets with resulting better tenants and lower debt.
Richards career over 40 years has taken him through residential to industrial investments and onto retail sites. At one time he was the biggest private residential landlord in Wales and Bolwell and Hayward Limited had its own Act of Parliament through a Private Members Bill to allow it to operate short hold tenancies prior to short hold tenancies.
Richard has always had a vision with foresight to see which way the world has moved and has kept the companies he is involved with moving with the times and changing the nature of the business as he needs to.
Recently he successfully negotiated to sell his car making business to Jaguar Land Rover which completed on the 18th December 2019. This took much of his time in that year and he faced enormous hurdles dealing with the JLR and dissenting Shareholder issues finally arranging the deal through a pre pack administration and ensuring all creditors were paid and the company was delivered into JLR as a complete entity. Bowler would not have survived the Pandemic with car sales almost non-existent and motor racing on hold for the foreseeable future.
Richard has also created the Iconic building on the seafront at Penarth known as Beachcliff. This was Richards idea and despite being told it would never work the scheme has flourished and has changed to an new era of food operations which has changed the nature of the surrounding environment and the seafront at Penarth will never be the same again.