Philip Green hopes to raise £50m from the sale of Avon House in Oxford Street, in London’s West End, The Times reports on an article in Estates Gazette.
The property is part of the Sears portfolio that the retail entrepreneur bought last year and is jointly owned with Prudential. The sale could net £125m with Green’s share standing at 40%.
Green has raised £195m to date from property from the Sears Portfolio and with other possible sales, total disposals could rise to at least £315m.
The Times 25/09/00 page 23
