BHS’s real estate portfolio will have to be split, landlords have said.
The failed retailer’s 164-strong portfolio is complex, and it is likely the leases will be sold off individually, or in small groups to select retailers.
Primark, Peacocks, Aldi and Lidl have been suggested as potential tenants. Given BHS’s £571m pension fund deficit, it is unlikely a package deal will be agreed.
However, any sales could be delayed by an investigation into the collapse of the business announced by the House of Commons Business, Innovation and Skills Select Committee this week. It wants to investigate the steps taken by Philip Green’s Arcadia Group to ensure Retail Acquisitions was a responsible owner.
To read EG’s full analysis of the BHS portfolio, click here
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