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Home · News · Lord Sugar Set to Sell Mayfair Properties

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Lord Sugar Set to Sell Mayfair Properties

In a move that some experts in the United Kingdom say could be ill advised or at least premature, Lord Sugar, the once Enterprise Tsar is set to sell some very high end properties from his portfolio at prices that are much more comparable to what he could have expected before the global credit crash took place years ago. To some, it is seen as a gesture that the boom years could be back, because the Lord is offering 3 of his Mayfair properties that are definitely the envy of a great number of people in the UK property market. The total cost of the properties Lord Sugar seeks to sell? Try the £120 million mark - a number that would be a lot more understandable if the year were still 2006. The primary asset in this collection of properties happens to be located at 6-8 Old Bond Street and is a retail and office property with a period facade. Currently, the building plays host to the publisher of Glamour magazine, Conde Nast and also the high end luxury fashion retailer Dolce & Gabbana who are well known for their designer label goods.

The other properties happen to be the building of the royal jewellers Aprey & Garrard, on the corner of Albermarle Street and Grafton Street, known as the Albermarle House, and on the corner of Piccadilly and Sackville Street, the Sackville House. The portfolio is currently managed by the Lord's son, Daniel Sugar and the freeholds will be using the selling services of agent Michael Elliot, a property service firm.

18.07.2010. 16:26


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