The company confirmed the news in a Stock Exchange announcement on Friday afternoon.

Rob Perrins, Chief Executive, said: “Tony was a brilliant man who I have been fortunate to work closely with for 20 years.

“He started Berkeley by building one house and his vision grew into a FTSE 100 company.

“He knew he would never retire so he ensured that his culture was embedded in the Company for when this sad day came.

“Berkeley and I owe Tony a huge debt. With my team I will ensure this debt is honoured by continuing to position Berkeley as the leading place-maker and ensuring it continues to be a company of which he would be proud. “

 Glyn Barker, Interim Chairman, said: “It has been an immense privilege to work with Tony.

“He created a unique company with a strong management team that has been led by Rob Perrins since 2009.

“Under Rob’s leadership, Tony’s values of ambition and quality will ensure the business continues to flourish.”