Royal Mail to sell or lease surplus property

[TrueBlueTerrier]

Royal Mail has announced plans to close around half of its 64 distribution centres by 2016 which it will then look to sell or lease.

Phased closures of the East London and South London centres will begin immediately and only five centres will remain in Greater London.

A Royal Mail spokesperson said the organisation had not yet decided what to do with specific properties, but confirmed it will look to gain value from surplus properties through sales or leasing.

Mail centres in Croydon, Greenford, Jubilee (Feltham), Romford and Mount Pleasant will continue to operate. The organisation is seeking new accommodation for the administrative and support staff based at Rathbone Place, central London.

“We’ve decided to close a dozen or so of these centres in the last few years but it takes some time to form a strategy regarding how we get the best value,” said a spokesperson. “The next steps for the centres in central London are unclear but we will look to lease or dispose of surplus property.”

Read more: http://www.propertyweek.com/news/news-b ... z1HOueH1Fe" onclick="window.open(this.href);return false;
propertyweek.com
Under Creative Commons License: Attribution

[brunswick]

these properties will have to be sold quickly otherwise they will become the property or assets of the new owners after privatisation, nice little earner eh!