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Lady Green got £53m windfall from selling BHS HQ to Arcadia
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so? BHS is a business not a charity
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they own 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. |