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Agents appointed to advise on future of Topshop flagship store

Sky News reports that agents have kicked off the hunt to offload the Oxford Circus flagship.

Agents have been appointed to oversee the sale of the Topshop flagship store on London’s Oxford Street, Sky News has reported.

Administrators to Redcastle, which owns the central London property next to Oxford Circus tube station, have appointed Eastdil and Savills to advise on the site’s future.

Eastdil is reportedly overseeing the sale strategy for the building, while Savills would advise on future leasing options.

The Arcadia Group collapsed into administration last November, with Deloitte actively searching for buyers of its assets. Interest in the brands is said to have been high, with Primark’s parent, Associated British Foods, plus Boohoo, Next, Marks & Spencer and River Island all placed in the frame. Womenswear brand Evans has already been sold to Australian fashion retailer, City Chic.

Topshop is seen as the jewel in the crown, and is expected to fetch more than £200 million from an auction would could conclude as soon as this month.

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