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Lady Green got £53m windfall from selling BHS HQ to Arcadia
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Marylebone House was not owned by BHS but controlled by Lady Green through a company called Wilton Equity Ltd, which is registered in the British Virgin Islands.
However, Arcadia bought the share capital in Wilton Equity for £53m, giving it ownership of the building. The company says the deal was conducted “on an arms length basis following advice received from a third party valuer”.
Arcadia is owned by Taveta Investments, whose shareholders include Lady Green, the Arcadia chairman Lord Grabiner, and other directors.
However, Arcadia bought the share capital in Wilton Equity for £53m, giving it ownership of the building. The company says the deal was conducted “on an arms length basis following advice received from a third party valuer”.
Arcadia is owned by Taveta Investments, whose shareholders include Lady Green, the Arcadia chairman Lord Grabiner, and other directors.
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