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Sugar story real estate7/31/2023 ![]() ![]() Newly refurbished, this office building offers an architecturally-delightful period frontage with a modern, flexible interior. Bennet House, 54 St James’s Street, SW1A 1JTĪ sleek period building found in the St James’ Conservation Area, this property has a self-contained retail unit and 6 floors of new residential accommodation. On the seven floors above, residential property can be found. This beautiful building can be found on the corner of Piccadilly and Old Park Lane and has been home to the very first Hard Rock Café since it opened in 1971. Gloucester House, Old Park Lane, Mayfair, W1K 1QX Spread over 4 stories, this public house has a rear courtyard and parking for 30 cars, plus 3 flats above it. This is an end of terrace period building overlooking George Green in Wanstead which was acquired in the summer of 2012. The George, 159 High Street, Wanstead, London, E11 2RL property is located in an exclusive waterside location. Here’s a quick look at just a few: 420 South Maya Palm Drive, Royal Palm, Boca Raton, FloridaĪvailable from March 2017, this huger 10,984 sq. ![]() The Amsprop property portfolio is vast, containing dozens of properties worth millions of pounds and tenanted by world-famous brand names such as Krispy Kreme, Hard Rock Café, Starbucks and Barclays. Retaining part ownership, a profit of around £30million was made. ![]() And in June 2015, Amsprop sold part of its freehold interest in the former Burberry HQ in Haymarket. “We have recently experienced evidence of international buyers becoming seriously attracted to prime commercial real estate that has perhaps been revamped and commercially worked through, to provide an end product that is both very high quality and safe in terms of being well located within the capital.”Īround the same time, the company made a £50million profit when it sold the Sugar Building next to St Paul’s which it owned for three years. So, how did the Essex-based business make its millions during this 12-month period? Well, back in September 2015 the company went on a rather pricey spending spree, purchasing £200 million worth of property.Īt the time, Daniel Sugar, Lord Sugar’s son and Managing Director of Amsprop Estates, told the Evening Standard that the business was “sitting on a major cash pile” that it was looking to invest in prime spot London commercial property like offices and shops. That results in a return on capital employed of 3.34%. His post-tax profit was just over £4 million and the company’s total assets were valued at £82 million. In the year ending 30th June 2015, Sir Alan Sugar’s property investment company made an annual turnover of just under £3 million, up 34% on the year before. ![]()
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