Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

BHS moves closer to selling London flagship

BHS is in talks to sell its flagship store on Oxford Street, London, to another retailer, reports claim.

Retail Acquisitions, the owner of the troubled chain, is moving closer towards offloading the lease to a big name, with a view to then selling the freehold, City AM has reported this morning.

Industry sources say the building could be worth more than £60m.

It was recently revealed that Retail Acquisitions, the new owner of BHS, is seeking to raise £70m as part of a turnaround plan. 

In June BHS hired commercial property agents Harper Dennis Hobbs and Jackson Criss to look at options for the future of the Oxford Street store. 

At the time it was speculated that the site could be subdivided – taking advantage of its three separate entrances – or the lease sold.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.