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Royal Mail sells Paddington site for £111m

Royal Mail is set to sell one of its old central London mail centres to a real estate company for £111m in cash. The site, a one-acre area near Paddington railway station, was vacated in 2008 and it's part of a portfolio the postal operator says contains properties that are surplus to requirements and it will be sold to Great Western Developments , a listed Singaporean hotels and real estate …

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