Marks & Spencer hopes to raise £250m by in a sale and leaseback of up to 40 of its high street stores.
It plans to sell these stores to institutional landlords such as British Land, Land Securities and Prudential. It would then lease back the shops.
Provisionally allocated stores include Bath, Oxford, Belfast, York, and two in Oxford Street London.
The Daily Telegraph 22/03/99 page 29 (The City Checklist)
The Independent 22/03/99 page 13
The Guardian 22/03/99 page 18
