Wed, 01 Jun 2011 | BUSINESS SALE
One of the West End’s largest commercial property developments is set to be constructed on Royal Mail’s Rathbone Place premises just off London’s Oxford Street.
A handful of major commercial property development giants are showing strong signs of interest in the site, including Great Portland Estates, Derwent London and Land Securities.
Royal Mail has already submitted plans for a 600,000 sq. ft. mixed use project to be built on the site, comprising retail units, offices, a new public square and a new street. The development will become known as Newman Place following completion.
The sale – for which Royal Mail will be advised by Jones Lang LaSalle - is slated for completion as early as next year.
The current Rathbone Place is to be closed and all staff members are to be moved to new offices in Mount Pleasant come 2013.
These plans have caused controversy amongst the staff members, some of whom are demanding strike action, saying that the plans highlight Royal Mail’s plan to use the sale to ‘asset-strip and cash in on the value of the property.’
Two businesses providing expert haulage services across the UK, specialising in construction logistics for companies in the steel, formwork, groundwork, and falsework sectors.
Working with a prominent client in the investment banking industry, the company delivers turnkey project management services to support its client’s real-estate programme.
This long-established tea room and café offers a unique lifestyle business opportunity in a prime Cotswold village location, boasting charming character premises with both indoor and outdoor seating options. Known for its excellent food and service,...
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