Amsprop is an investment firm owned by Sir Alan Sugar and controlled by his son Daniel.
In September 2006 it bought the IBM South Bank building from private investors for £115 million. (UK European Investments bought the 217,000 sq ft building in 2003 for £76.5 million.)
The IBM Centre occupies a prime site between the river and Upper Ground east of the National Theatre and west of ITV's London Television Centre. IBM's lease runs for another eight years.
The trade press speculates that the site is likely to present a major redevelopment opportunity. (Source: London SE1 news).
In the 13th June 2007 episode of The Apprentice, the two finalists will be shown proposing designs for the building to replace the IBM building.