Marks & Spencer sells Baker Street property for £115m (UK)

Marks & Spencer PLC said it sold its long leasehold property at Michael House, 37-67 Baker Street, to London & Regional Properties for 115 mln stg - equating to its net book value.

The retailer said the proceeds from the sale will be used for 'general corporate purposes' and added the sale is expected to be complete within the next three months.
Source: Freeman

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