Liberty sale: £40m for West End store's Tudor home

Liberty today said investors were queuing up to buy its flagship mock-Tudor home off Regent Street and lease it back to the company.

MWB Group Holdings, the property and hotel firm that owns 68% of Liberty, said it had spent six months considering fund-raising options to build on the store's success beating the credit crunch.

It has appointed property estate agency Knight Frank to gauge the level of interest in the freehold of the 125,000 sq ft store.

The asking price is believed to be £40 million.
Chairman Richard Balfour-Lynn said: "A number of parties have expressed interest in buying the freehold, which may lead to an acceptable offer being made."

Last month Liberty said its overall revenue soared by a fifth in 2009, whilst sales at the Regents Street flagship rose 16% after a makeover drove footfall higher.