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.