By David Parsley2020-03-23T07:54:00
Troubled fashion retailer Ted Baker has completed a sale and leaseback of its head office as it seeks to boost its balance sheet in the face of the Covid-19 outbreak as well as poor consumer demand.
The British Airways Pension Trustees has paid £78.75m for The Ugly Brown Building in north west London, and Ted Baker will net at least £72m, which will used to pay down debt.
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