Amsprop is the property company of Alan Sugar. Amsprop now holds the majority of Sugar's £800 million wealth and owns several office building freeholds in Mayfair and other parts of London. Amsprop also owns the IBM building on the South Bank of the Thames, which is currently leased back to IBM.[1]
The fund is continuing to be active during current market turbulence, acquiring a large freehold property recently on Oxford Street for £31.25m.[2]
Amsprop is run by Alan Sugar's son Daniel, and also employs Simon Ambrose, winner of The Apprentice in 2007. In March 2008 Ambrose launched the company's website listing the company's entire portfolio.[3]