Fashion retailer Boohoo Group is reportedly considering the sale of its London office in Soho, just three years after purchasing the property for £72 million.

The potential sale comes as the company faces discussions about refinancing options for its debt.

According to a report from Drapers, Boohoo is in talks with prospective buyers for the 43,963 sq ft office block located at 10 Great Pulteney Street. The five-storey building, which houses between 400 and 500 employees, is home to several of Boohoo's London-based brands including Karen Millen, Coast, Oasis, Debenhams, Dorothy Perkins, Burton, and Wallis.

While the exact listing price remains unclear, it is believed that Boohoo is pursuing a sale and leaseback transaction, allowing the company to remain in the building. The property was reportedly marketed for around £60 million last year.

The office currently features a Debenhams beauty showroom on the ground floor, opened in September 2023. Plans are also in place to introduce a new 6,000 sq ft group showroom in the coming months, following the closure of a smaller space on Great Portland Street earlier this year.

This potential sale comes at a time when Boohoo's lenders have reportedly brought in advisers from FTI Consulting to discuss refinancing options for the business. The company's latest annual report shows that Boohoo Group has a £325 million unsecured revolving credit facility, with £75 million due next year and £250 million in 2026.

The fashion group has faced challenges in recent years, including a redundancy consultation with 100 London staff in January 2023 as it consolidated several brands under the Debenhams umbrella.

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