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Sandra Halliday Published December 23, 2024 Reading time
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Boohoo strikes deal for London office sale, Frasers reacts to losing board vote

By

Sandra Halliday Published
December 23, 2024

The news around Boohoo Group continues to come thick and fast with several developments on Monday.

The company said that it has completed the sale of its London office on Great Pulteney Street in Soho. That followed reports days earlier that a bidder had walked away from a deal for the building that had cost Boohoo £72 million but that was expected to fetch around £60 million.

The property has actually now been sold for £49.5m in cash to Global Holdings UK Limited, an independent property fund, and Boohoo said “the action taken to dispose of this non-core and non-strategic asset will further strengthen the company's balance sheet”.