Boohoo Group is considering a sale of its London Soho office building that it acquired in 2021 for £72m.
The fashion group is said to be in discussions with prospective buyers for the 43,963 sq ft office block at 10 Great Pulteney Street, Drapers reported.
It is understood that Boohoo will be pursuing a sale and leaseback transaction as it plans to remain in the building.
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The five-storey office block houses 400 to 500 employees across Boohoo’s London-based brands such as Burton, Coast, Debenhams, Dorothy Perkins, Karen Millen, Oasis, Wallis, as well as other product, marketing, technology and central support roles across the group.
The building currently houses a beauty showroom on the ground floor and will soon welcome a new 6,000 sq ft group showroom in the next few months following the closure of its 3,500 sq ft venue at 6-10 Great Portland Street.
It comes as the group’s lenders are understood to have drafted in advisers at FTI Consulting to discuss refinancing options for part of Boohoo’s £325m debt wall.
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