Home / Royal Mail / Royal Mail to sell London property for 111 million pounds

Royal Mail to sell London property for 111 million pounds

LONDON (Reuters) – Britain's Royal Mail is selling one of its old central London mail centres to a hotel and real estate company for 111 million pounds in cash. The postal operator, sold off in October last year to much controversy in Britain's biggest privatisation in decades, said on Tuesday it would use the net cash proceeds from the deal for general corporate purposes. The location, a one …

More: continued here

About admin

Check Also

Royal Mail sees parcel boost over Christmas as £3.6bn takeover nears completion

The owner of Royal Mail said it remains on track to return to annual profit …

Leave a Reply

Your email address will not be published. Required fields are marked *