Are these early signs of green shoots? Excuse the pun, but Philip Green is involved, so that may well be the case.
Apparently Green is a secret backer to buy the O2 shpping centre in London's Finchley Road for 92m pounds. If he's involved, he may well have seen now as being an ideal time to buy and that the collapse in commercial real estate is nearing an ebb.
It seems that Green is closely monitoring the property market for opportunistic raids. Once suggestion is that he may be looking for departement store-style shops to showcase his brands.
Only this month Green decided to integrate BHS and the Arcadia brands, including Top Shop, Burton and Miss Selfridge, in addition to announcing a roll our of Top Shop in the US.
A real entrepreneur
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