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UK's Royal Mail eyes London property cash boost

LONDON (Reuters) – Britain's Royal Mail said plans to turn over half of its main London sorting office – Mount Pleasant – into a prime residential hub will be submitted next spring, as the group tries to boost its value ahead of a 2014 privatisation. The 12-acre former prison site in north London is undergoing a 32 million pound ($51.72 million) facelift to increase production, move operations …

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