Wife of retail baron Sir Philip Green in lucrative property deal
As TopShop is poised for a High Street comeback, the wife of retail baron Sir Philip Green has made a lucrative property investment near the chain's former flagship store on London's Oxford Circus.
Monaco-based Tina Green, 75, owns 20 flats in a complex near Marble Arch via her Guernsey-based vehicle P17 Investments, The Mail on Sunday can reveal.
Lady Green owned Topshop's parent company Arcadia, which was run by her husband. She bought the leasehold apartments at Garrett Mansions, off Edgware Road, in August 2020, three months before Arcadia was put into administration.
Stores were closed during the second coronavirus lockdown in November 2020 with the loss of 13,000 jobs, and the brand names sold to online competitors.
Apartments at Garrett Mansions, which has a pool, spa and gym, sell for £1.4 million. It would make Lady Green's investment worth as much as £28 million.
Topshop returned to physical retail for the first time in four years with a one-day, pop-up event yesterday in Shoreditch, East London, ahead of a rumoured High Street comeback.
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