Arcadia Asset Sale Proceeds Top $822 Million

Administrators to Philip Green’s collapsed Arcadia Group said on Friday proceeds from asset sales had topped 600 million pounds ($822 million) after they agreed the disposal of a warehouse in central England. Arcadia’s Daventry Distribution Centre was sold by Deloitte, the administrators, to Prologis. Deloitte did not disclose the purchase price but said the site generated a significant return above its latest book value. Read more at Reuters.