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Parcelforce set to wrap up sell-off of 50 depot sites

More than 50 Parcelforce depots will hit the market this month as Consignia prepares for a major property disposal programme.

The beleaguered postal group announced in March that up to 15,000 jobs and 3,000 urban post offices were to face the chop as part of a major cost-cutting programme aimed at stemming loses of £1.5m a day.

Head of disposals Rowland Thomas said: “There is a 90-day cooling-off period. By the end of June, we will have the all-clear to place the Parcelforce depots on the market through different agents.”

He added: “There has already been a tremendous amount of interest from property companies and developers.”

Most of the Parcelforce depots to be sold are leasehold properties located on industrial estates.

The sale of Parcelforce’s depots comes as rivals of the group gear up for deregulation later this year, which will allow them to deliver mail in competition with Consignia.

Leading parcel delivery firms Federal Express, UPS, DHL, TNT and Red Star are all understood to have significant requirements for depots.

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