String of similar deals with Marks & Spencer could be on the cards
Sainsbury’s is to sub-let a third of one of its London sites to rival retailer Marks & Spencer in a multimillion pound deal.
The supermarket joint will strike a deal over one third of its former store in Merton, south London.
It is understood that this may not be the first deal of this kind and that a string of similar projects with Marks & Spencer could be on the cards in the near future.
The new M&S store will open next year and will be the largest open in London for more than eight years at 105,000 sq ft and has been described as a flagship store.