Royal Mail seals £13.3m sale and leaseback deal on Rotherham depot

Royal Mail has sold its Rotherham ParcelForce depot to property investment specialist InfraRed Urban Logistics Income Fund (IULIF) as part of a wider strategy to cut costs. The £13.3m deal with IULIF will see the property leased back to Royal Mail for the next eight years. The Rotherham depot is the largest Royal Mail depot, handling around 20,000 parcels a day. The move closely follows Royal Mail’s announcement last month that around 2,000 jobs are set to go which it […]