RM takes former Dixons depot following online sales boost

[TrueBlueTerrier]

Royal Mail takes former Dixons depot following online sales boost

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The surge in online sales has prompted Royal Mail Group to take an extra 86,700 sq ft depot in the West Midlands.

Royal Mail will occupy the former Dixons unit at Prologis Park, Coventry.

The unit will accommodate Royal Mail’s expanding parcels delivery outfit, which is enjoying growth on the back of the rise in e-tailing business.

The unit is let by Dixons Retail, who have assigned their remaining three-year term to Royal Mail, at a rent of £5.25 a sq ft, following a rationalisation of their own distribution network.

Simon Norton, joint head of the industrial and logistics team at Colliers International, advised Dixons on their divestment strategy.

He said: “This unit is one of only a handful of high bay distribution warehouses in Coventry. As a result, despite the time constraints on the lease, Dixons Retail had interest from a number of parties.”

Capita Symonds advised Royal Mail.

[bag69]

Whats the point as we have now priced our self out of the parcel market.

[midegarelu]

Whats the point as we have now priced our self out of the parcel market.

Well done Royal Fail. Horse, door and bolted spring to mind.

[UnhappyGremlin]

Does look like RM have fixed a problem that will not exist in the near future. Typical RM strategy. Always two steps behind.

[Red Robbo]

Does look like RM have fixed a problem that will not exist in the near future. Typical RM strategy. Always two steps behind.

"Don't underestimate the power of the force"

[glenfiddich]

maybe they're preparing for christmas

[PhilthyPhil]

Its probably for parcelforce, their national hub is in Coventry.