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Scott Spiro, owner of West End-based niche property investment and development agent, Allied Property Investments (London) Ltd (www.api.uk.com), has been punching his way to the top of the property investment and development markets on behalf of clients for over 30 years. During this time, his portfolio of concluded deals includes prime sites throughout London, from Mayfair to Hackney, totalling a commercial exchange value in excess of £2bn.
Always one for a challenge, Scott, now aged 50, took part in a charity boxing match to support a breast cancer charity called Future Dreams on 29th September 2016 at The Park Lane Hotel, London. This high society event, sponsored by Halepi Restaurant, was co-hosted by Sky News presenter, Jacquie Beltrao and Sky Sports boxing expert, Johnny Nelson.
Finbuzz spoke with Scott Spiro just before the Fight Night event.
How did you get into property investment? How did you begin your career?
I started off as an estate agent, but ran out of patience dealing with company and wanted to build up a client based company which I could build a reputation with. I was head hunted by Anscombe Rangland who runs a website for the entire London area with 26 offices who asked you to run the investment side of those offices. It was being an estate agent. The first was in Green Croft Gardens NW6, which was a house with 20 bedsitting rooms.
What motivated your career change?
To stop being an estate agent and deal with the public and deal with the business side of things, and investment and development as well which is what I was interested in.
Can you name the reason why you chose boxing to raise the money?
I have done boxing training for a few years and a friend of mine who owns another property company and his wife and mother of law died in 5 weeks of each other from breast cancer leaving him with 3 children to bring up and he started this charity five years ago. He called you and said he needed a boxer so I couldn’t say no.
What is the most fascinating in this area of investing in property?
I think taking a building concept and turning it into something, and seeing a piece of land you can develop and succeed. And getting planning permission and seeing it come to life.
What have been the most memorable moments of your career?
I’ve had a lot. I’ve done deals for 300 million and done deals for 300,000. The highlights of my career are always getting a deal done. Getting a deal over the line. My company is Allied Property investments Ltd which I thought of the name for. We’ve done 10,000 student bids, 200 hotels, super prime suites in central London and serviced some really important family offices around the world.
Who has inspired you?
Lots of business people, I can’t give it to one person.
What has been the greatest challenge in your career so far?
Finding new opportunities, its always about the next deal, the last deal is over. Just some people say you are only as good your last deal and I maintain your only as good as your next deal.
What valuable lessons have you learned?
I definitely learnt this as I worked in America for a few years and sold door to door in New York. I think my best day was when I got told to “f**k off” 400 times.
What do you do to relax?
I take deep breaths and spend time with my family. I have fantastic wife Julie and great children – Jordan, Lily, Lola. Breathing exercises really helps calm down.
What would you like to achieve in the future?
Peace. Live a peaceful life and for me that’s going to involve a certain amount of money certain level of comfort and being around real people who I love.
Photos: Paul Toeman (website)