Royal Mail Privatisation
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10 Oct 2013
High Streets across the country are likely to suffer a further blow as a newly privatised Royal Mail seeks to maximise the resale value of hundreds of local sorting and delivery offices and move them to cheaper industrial parks outside of town.
Royal Mail operates from around 2,000 sites including 48 mail centres, with a prospectus value of around £1 billion. Approximately half are owned by Royal Mail Estates and in many cases are in areas of prime central real estate. A disposal plan could see these become vacated and sold on with Royal Mail consolidating its collection and distribution facilities in out of town industrial parks.
This is bad news for customers who will suddenly find they have to travel long distances to collect parcels and other recorded items. I have written to Royal Mail to ask them what guarantees there are over the continued use of their local offices.