M&S revises hopes of cash from property to £800m

i-FM.net M&S revises hopes of cash from property to £800m

Marks & Spencer says that it hopes to raise up to £800m from its UK property portfolio, as it formally put 80 of its stores up for sale on Tuesday. £300m will come from a sale-and-leaseback deal and a further £300m to £400m from securitisation.

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