// Arcadia Group executive suite up for sale
// Hilco is selling chairs, sofas and desks from the Colegrave House executive suite
// The sale expects to draw attention from interested parties from March 24 and 25
Arcadia Group’s executive suite has been put up for sale by Hilco Valuation Services as the former empire’s properties continue being sold off.
Hilco is selling chairs, sofas and desks from the Colegrave House executive suite, as well as other boardroom and meeting room furniture.
The sale expects to draw attention from interested parties with March 24 and 25 seeing the auction of substantial quantities of IT, designer furniture, photographic studio equipment and fabric cutting and sewing machinery and accessories.
- JD Sports in pole position to acquire Arcadia warehouse
- Arcadia collapse leaves it with £510m pension deficit
“The portfolio of Arcadia assets being offered is typically ‘best in class’ with the Executive Suite being an example of this comprising the highest quality for furniture of this type,” Hilco Global managing director Kevin Smyth said.
Separate private treaty sales will be held for the contents of the executive suite and the commercial level kitchen and catering facility with a deadline of March 26.
The Arcadia London head office sales “will be followed by further sales of assets by Hilco in due course, which could include distribution centres and equipment at other locations”.
Most recently, JD Sports announced it is in pole position to acquire Arcadia Group’s distribution centre in Daventry, Northants. The warehouse has a rateable value of £3.08 million with current business rates liabilities of £1.6 million per annum.
A deal for JD Sports is yet to be concluded.