// JD Sports in exclusive talks to buy Arcadia Group’s distribution centre in Daventry
// JD Sports will likely acquire Arcadia’s remaining logistics asset for more than £60m
// Boohoo Group, Amazon and Ebay had recently expressed interest in buying the warehouse
JD Sports has announced it is currently in pole position to acquire Arcadia Group’s distribution centre in Daventry, Northamptonshire.
The warehouse has a rateable value of £3.08 million with current business rates liabilities of £1.6 million per annum.
JD Sports is poised to pick up a consolation prize by buying Arcadia’s remaining logistics asset for more than £60 million, after being among the unsuccessful bidders for Topshop and Topman – which were sold to Asos last month by Deloitte.
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Shortly after, Boohoo Group agreed to buy Arcadia’s remaining brands, Burton, Dorothy Perkins, and Wallis for £25.2 million.
Boohoo Group, Amazon and Ebay had all expressed an interest in buying the warehouse in recent weeks.
A deal for JD Sports is yet to be concluded.
The potential £60 million deal would trigger the repayment of a £50 million loan to Arcadia made by Sir Philip Green’s family last year, and secured against the Daventry site.
Arcadia’s only other remaining asset is the lease on its Topshop Oxford Circus flagship store, which is undergoing a sale process run by KPMG.