Home > The Post > For Sale: from the LRB blog

For Sale: from the LRB blog

london-review-of-books-subscribeSomething that hasn’t been mentioned much in the post-privatisation analysis is the amount of money the Royal Mail stands to make out of its immense property holdings. One building alone in the company’s portfolio of disused offices in London – the mail centre in Nine Elms Lane – has been valued at half a billion pounds. That’s one-sixth of what the government sold the whole company for.

The office was closed in 2012, more than a year before the sell-off. And it’s not the only one. Dozens of delivery offices up and down the country, including mine, were closed in the run up to privatisation. Several of them remain unsold.

Could the offices have been kept empty on purpose? Royal Mail bosses now stand to make a lot of money out of the company they once used merely to manage.

- See more at: http://www.lrb.co.uk/blog/2013/12/17/roy-mayall/for-sale/#sthash.wrtLm9Fi.dpuf

About these ads
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Ian Bone

Anarchist in the UK

Comment is free | theguardian.com

Occasional thoughts from an overworked postie

LRB blog

Occasional thoughts from an overworked postie

AAV

Occasional thoughts from an overworked postie

[needs a title]

Help me out with a title!

sicknote

celebrate your wrong bits

Ari Rusila's BalkanBlog

- Ari Rusila, Balkans, the Middle East, EU and conflicts

London Love

My city, my home, my beloved...

Fierce Writing

Not so much Rage Against the Machine as Slightly Peeved the Taps Won't Work

The Big Hand

Publishing the Unpublishable from Next February

Think Left

The purpose of Think Left is to present a view of politics from a left-wing perspective.

Follow

Get every new post delivered to your Inbox.

Join 587 other followers

%d bloggers like this: