Domino’s peer Lord Verjee eyes Sir Philip Green’s former base

Wednesday 14th November 2018 06:16 EST
 

Sir Philip Green is believed to be considering selling a property central to the BHS scandal to an entrepreneur backed by Domino’s Pizza owner Lord Verjee.

Sir Green is facing allegations of bullying and sexual harassment, which he denies — is understood to have received several approaches for Marylebone House, one of BHS’s two London headquarters.

The BHS building in question was originally intended to be a key component of Green’s £1 BHS deal with Dominic Chappell, a serial bankrupt, but the tycoon kept ownership. It was held by his wife, Tina, through the offshore company Wilton Equity, until it was transferred to Green’s Arcadia Group retail empire for £53m in 2016.

Green, 66, is now considering the £60m sale after receiving several offers from prospective buyers interested in converting it to serviced offices. 

One of the approaches is said to have come from David Alberto, who created the Avanta serviced offices group. He is backed by Verjee, the Uganda-born Liberal Democrat peer who made his first fortune through the Domino’s Pizza franchise in the 1980s.

Lord Verjee has invested in property before and previously owned the Thomas Goode china and silverware shop in Mayfair between 1995 and 2015, before selling it to US investment firm Cain International.


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