A pension pot repayment triggered by the collapse of Arcadia could leave landlords in the lurch.
Philip Green’s empire collapsed in November with a pension deficit of £510m. Since then, the pension fund has recovered £180m because of a deal struck with Green in 2019 that granted the trustees partial security over a £327m loan payable by Topshop to the Arcadia holding company.
However the repayment has diminished the pool of funds for creditors, including landlords who are owed £36.5m.
