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M&S sells building

By FashionUnited

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Marks & Spencer has agreed a GBP 114.7m sale of its prime office and retail building in Fenchurch Street in the City of London.

Chris Williams, property director and Marks & Spencer said: "The sale of the scheme, including the offices, to Gracechurch Property Limited, allows us to recognise the value of the underlying asset, while the leaseback enables us to retain our retail store, to service our city customers."

M&S