Marks & Spencer has announced today that it has exchanged contracts with London & Regional Properties to sell its long leasehold property at Michael House, 37-67 Baker Street, W1 for a consideration of £115m, equating to its net book value. The proceeds will be used for general corporate purposes. It is expected that the sale will be completed within the next three months.
Marks & Spencer has been marketing the property since 30 September 2004 via commercial agents, Jones Lang LaSalle.
For further information, please contact:
Sue Sadler -
Corporate Press Office -
020 8718 8642
