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Lord Sugar’s real estate arm Amsprop Estates has hired its first-ever in-house lawyer as Kingsley Napley property partner Liam MacDonnell joins the company as general counsel.
MacDonnell, a partner at the City firm since 2007, is understood to have been one of the client partners responsible for Amsprop during his time at the firm, advising on a number of transactions including Amsprop’s recent £20.75m acquisition of 5 Cheapside London, dubbed the ‘Threepenny Bit’ because of its octagonal shape.
The former Norton Rose lawyer was not immediately available for comment and it is not yet clear if more legal hires are in the pipeline. Amsprop Estates is part of Lord Sugar’s Amshold Group, which owns private air travel business Amsair and digital media group Amscreen.
The property arm was founded by British business entrepreneur Alan Sugar in 1985, before he became a media personality as the star of BBC reality TV show The Apprentice. He now has an estimated fortune of £770m.