Home Commercial Property Lord Sugar sells Burberry's old London HQ to Qataris for £65m

Lord Sugar sells Burberry's old London HQ to Qataris for £65m

by LLP Editor
29th Jun 15 9:52 am

Another day, another London asset goes to the Qataris.

In April, they bought The Berkeley, The Connaught and Claridge’s in a billion-pound deal.

Now they’ve bought Burberry’s old flagship store on Haymarket for a whopping £65m.

The seller? None other than Lord Sugar, the 68-year-old Amstrad founder who owns quite a few properties around London.

According to The Times, Sugar purchased the property for £31.5m from a mysterious Russian investor two years ago. He then leased it to Dover Street Market.

The deal was reportedly closed last week by Sugar’s son’s Daniel along with property agent James Andrews.

No details about the Qatari buyer have been divulged as of yet.

 

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