Royal Mail sells Mount Pleasant land to developers Taylor Wimpey for £193.5 million

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Royal Mail has agreed to sell a swathe of land at its north London base to developers for £193.5 million.

The privatised mail company has exchanged contracts on the sale of 6.25 acres at Mount Pleasant to housebuilders Taylor Wimpey.

Royal Mail said it would make “significant further investment” for works to separate the retained operational site at Mount Pleasant from the development plots.

Planning consent was secured in March 2015 to create 681 residential units at Mount Pleasant, including affordable housing, retail and office space, and public areas.

Martin Gafsen, group director of property and facilities solutions at Royal Mail said: “The sale of our development sites at Mount Pleasant to Taylor Wimpey is a great opportunity for us to contribute to the regeneration of the area around our iconic Mail Centre building.

“This will create more housing, including affordable units, as well as community facilities and more public space.

“It will also help us secure the long-term future of our key central London operational site.”

The retained Royal Mail headquarters at Mount Pleasant recently saw the opening of the Postal Museum.

A section of the Mail Rail, the 6.5 mile underground network which transported post through London for 75 years, is also being opened to the public for trips from September 4. 


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