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M&S awaits ruling on £1.1m rent case

Marks & Spencer will today attempt to claw back around £1.1m in overpaid rent on its former office building in London. 

Marks & Spencer

The high street chain hopes to settle a long-running dispute with landlords BNP Paribas, over the property known as The Point, according to City AM.

In July 2011, M&S exercised a break clause in its leases and served notice on four floors of its old Paddington offices. The leases came to an end on January 25, 2012, however M&S was forced to pay a full quarter’s rent and service charges from December 25, 2011.

In July 2013, the High Court ruled in favour of M&S but the decision was overturned in May 2014 after BNP Paribas appealed. The case has now been taken to the Supreme Court. 

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