The Sugar Empire – Lord Sugar’s Sweet Success
Lord Alan Michael Sugar is a true rags to riches tale. Born in Hackney in 1947, Lord Sugar now has an estimated fortune of £770 million and was ranked 89th on the Sunday Times Rich List in 2011.
Other than his business ventures, take Amstrad for example and his work with the television show ‘The Apprentice’, Sugar also has an extensive property portfolio of more than 40 properties.
We thought we would take a look at Sugar’s London to see where and what kind of properties he is developing around our city:
The Sugar Building
There is no doubt you’ve walked past this building at some point. Located next to St Paul’s Cathedral, this building is hard to miss.
Sugar originally acquired this building in 2012 and has completely transformed this office space into 40,126 sq ft of Grade A refurbished office space on seven upper
The George Wanstead
A Wetherspoon pub located in Wanstead and described by one reviewer as being a ‘nice big airy place with lots of seating ad big windows that let lots of light in, [with] friendly staff you can chat’ to.
It pays homage to Sugar’s eastern routes, but also reminds that he does have that common touch. But this isn’t the only pub in his possession, check out Molly Moggs in Old Compton Street, Soh or head to the Camden Head in Islington, where there’s free comedy and great atmosphere.
Gloucester House AKA the Hard Rock Café
When one says Gloucester house many will look puzzled, but when one says Hard Rock Café then everyone’s on the same page. Gloucester House is the home to the Hard Rock Café, a place that has gone from being Lord Elgin’s townhouse, to which he brought the great marbles from the Parthenon to the place infamous for its burgers and its reference to the history of rock music. But did you know that it is now owned by Sir Allen? That it also boasts luxury residential accommodation on the market ranging in prices from £6.5 to £10 million.
186-188, City Road
Still keeping to his eastern roots, Sugar is the owner of this office complex which he purchased mid way through last year. The complex is located off the reknown “silicon roundabout” near Old Street. Is this property purchase an example of his restored faith in the growing tech industry? In 2005 he stated ‘Next Christmas the iPod will be dead, finished, gone, kaput.’ But with property in one of the most developing tech areas, we might be seeing some new direction for the Sugar Empire.
Iceland on Leabridge Road
The property is located on Leabridge Road, next to where Sir Allen once went to school. Number 612 Lea Bridge Rd, near Upper Clapton, is currently rented out to Iceland.
To see a selection of Amsprop’s property portfolio got to: