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Austin Reed sold Regent Street flagship for £7m

Administrators to Austin Reed sold the collapsed retailer's flagship store at 100 Regent Street for £7m, documents show.
By Kasmira Jefford
July 11, 2016 | 6:50 P.M.

According to AlixPartners' Statement of Proposals, the lease on the 23,500 sq ft store was surrendered back to the long leaseholder Hermes for £7m, but after £1.1m of rent arrears the proceeds amounted to £5.9m. 

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