UK fashion giant Arcadia Group has appointed agents to oversee the sale of the former flagship Topshop store in central London.
Administrators have appointed Eastdil as sales agent and Savills as leasing advisor on the 90,000 sq ft London store, which is located on 214 Oxford Street.
The majority of the proceeds from the sale will be paid to Arcadia's largest lender, US private equity firm Apollo, while its pension scheme is also likely to be in line for a payment.
Arcadia collapsed into administration back in November 2020, which placed over 12,000 jobs at risk, with administrators at Deloitte now engaged in a search for buyers of its assets.
