Mon, 26 Jul 2010 | DIVISION SALE
Three Mayfair properties, owned by Alan Sugar through his real estate business Amsprop, are to be put on the market with a price reminiscent of pre-credit crunch property deals.
Property services company Michael Elliott has been mandated to manage the sale of the three properties for £120 million.
Sugar’s son Daniel, who runs Amsprop the company that manages the properties, explained the motive for the sale - having watched the recent rising property values in the West End.
“We have received unsolicited approaches from three parties but we decided it was best, and the right approach, to appoint a property adviser and see where the market is at," he said. "These properties are unique Mayfair freeholds.”
The buildings for sale - located on Albermarle Street, Old Bond Street and Sackville Street - are used for retail, office and residential purposes. Long-term tenants include Lloyds TSB, royal jewellers Asprey & Garrand and publisher Conde Nast.
Head of West End Markets at Jones Lang LaSalle, Damian Corbett said, “The prime West End market has become a safe haven for investors over the past 18 months. Where other markets globally have been suffering, or where there is uncertainty, the West End market has continued to outperform.”
Amsprop’s parent company Amshold recorded a dive in the value of its property portfolio from £65.2 million to £253.7 million in its results for the year to 30 June.
A concept which led to revolutionizing the restaurant industry, offering an efficient and profitable approach to food production and targeted marketing.
Their versatile offerings include custom rafted joinery products such as elegant doorsets, stylish TV and media units, functional desks, ingenious shelving and storage solutions, luxurious bed surrounds, stunning timber staircases, sophisticated engi...
As a specialist in Italian Motorcycle Parts and Accessories supplies, the business has developed expertise in sourcing and offering a comprehensive range of high-quality products.
17
|
May
|
Focus Group continues acquisitive growth with telecoms deal | BUSINESS SALE
Business communications provider Focus Group has continued i...
17
|
May
|
Foresight-backed lab services group acquires sample storage specialist | BUSINESS SALE
Biofortuna, a laboratory services group backed by SME invest...
17
|
May
|
Brown & Brown acquires two insurance brokers | BUSINESS SALE
Brown & Brown (Europe) has continued its acquisitive activit...
17
|
May
|
Brown & Brown acquires two insurance brokers | BUSINESS SALE
Brown & Brown (Europe) has continued its acquisitive activit...
17
|
May
|
Foresight-backed lab services group acquires sample storage specialist | BUSINESS SALE
Biofortuna, a laboratory services group backed by SME invest...
17
|
May
|
Focus Group continues acquisitive growth with telecoms deal | BUSINESS SALE
Business communications provider Focus Group has continued i...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.