Sir Philip Green sells BHS HQ for £44m as Arcadia struggles

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BHS Sir Philip Green
// Sir Philip Green sells BHS HQ to Aprirose for £44m
// Arcadia owned the HQ since 2016

The former BHS head office in London has been sold to property investment company Aprirose for £44 million.

Sir Philip Green, whose Arcadia Group retail empire used to own BHS, put the headquarters in Marylebone House, central London, up for sale as sales continued to decline for his company, The Sunday Times reports.

The building was reportedly under Arcadia ownership since 2016.

The news follows Green’s review of Arcadia, which was launched after he reportedly hired Deloitte advisers in January to discuss potential store closures.

Arcadia currently owns retailers Burton, Dorothy Perkins, Evans, Miss Selfridge, Topman, Topshop and Wallis.

Retail Gazette has contacted Arcadia Group for comment.

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