Manchester’s Royal Mail sorting office on Oldham Road sold for £45m
It is currently unknown what will become of the sorting office, which is just one of a large portfolio of sorting offices the nation's postal service operates across the UK.
The well known Royal Mail distribution centre on Oldham Road in Manchester city centre has been sold to a private investor.
Aviva Investors, which is connected to a Salford-based millionaire, has sold the popular sorting office for £45 million with an initial net yield of 2.75% – a record low yield for the North West.
According to Place North West, it is understood that the buyer is loosely connected to Aubrey Weis, who is behind a proposed £350m skyscraper scheme at Manchester’s Great Jackson Street, which if materialised, will comprise of two 56-storey towers and more than 1,000 apartments.
Royal Mail
Acting for the buyer in the Royal Mail acquisition is Cooper Rose Real Estate, while Savills’ Manchester investment agency team acted for the seller, Aviva.
The popular fulfilment centre is the largest warehouse of its type in Manchester city centre and was acquired by Aviva for £14.4m in 2010. Royal Mail also operates a 340,000 sq ft distribution centre in Warrington.
It is currently unknown what will become of the sorting office, which is just one of a large portfolio of sorting offices the nation’s postal service operates across the UK.
Business
The latest on Therme Manchester opening date as construction finally begins on huge wellbeing resort
Daisy Jackson
The build of Therme Manchester, which is set to be the UK’s largest wellbeing resort, is finally underway, with a loose opening date announced.
The construction phase of the massive spa project begins this month – when it completes, it will be made up of 10 pools, 15 waterslides, sustainable gardens and a diverse range of restaurants and cafes.
The entire thing will be kept at a balmy 33ºC all year round using advanced technology, with warm water lagoons, botanical gardens and palm trees giving the site a real tropical feel.
Therme Manchester was initially touted as a £250m project that would complete in 2025 – it’s now up to £450m and is scheduled to complete for the end of 2028.
It marks one of the most significant building developments to ever take place in the North.
ADVERTISEMENT
Last week, a Beyond Groundbreaking event was held at the site of the new wellbeing resort near the Trafford Centre, bringing together local leaders, partners, and community members.
There, it was announced that Therme Manchester is set to create around 2,500 direct construction jobs, as well as 650 staff positions to operate the resort when it opens.
ADVERTISEMENT
The business has already supported initiatives across the city, including the Manchester Marathon, NHS programmes and cultural events.
The latest on Therme Manchester opening date as construction finally begins on huge wellbeing resort
Therme Manchester is setting out to have a ‘significantly lower’ carbon footprint than other spa experiences, helped along by locally-sourced materials, and innovative construction methods such as air source heat pumps and on-site 3D printing.
As well as state-of-the-art swimming and thermal bathing areas, there’ll be spa and fitness zones, immersive digital art, sustainable gardens and a diverse range of restaurants and cafes.
Professor David Russell, Therme UK CEO said: “Today marks the official beginning of a once-in-a-generation project for Manchester and the North West.
“Therme Manchester will be a place for everyone – a unique destination where wellbeing, sustainability, art and culture come together. Our vision is to make a lasting positive impact: creating jobs, supporting communities, and helping people live healthier, happier lives for years to come.”
James Whittaker, Managing Director of Peel Waters said: “We’re thrilled to have reached this pivotal moment as work begins on site at Therme Manchester.
The site of Therme Manchester in Trafford
“It marks the culmination of years of close collaboration between Peel Waters and Therme Group, an extraordinary partnership built on shared values and wanting to deliver the very best for our community.
“From our very first meeting, we knew Therme’s vision would be transformational, and together we’ve worked tirelessly to get to this moment and start the build of this world-class wellness destination in TraffordCity.
“Therme Manchester will be a true gamechanger not just for TraffordCity, but for Greater Manchester and the North. It will regenerate a key site, create thousands of jobs, and deliver a landmark experience that promotes health, happiness, and connection.
“We’re very proud to be part of a project that will completely redefine leisure and wellbeing in the UK and Europe.”
An aerial view of how Therme Manchester will look
Neil Martin, Chief Executive at Sir Robert McAlpine, said: “We are proud to be Construction Manager for Therme Manchester, a project that aligns with our commitment to sustainability, technical excellence and making a meaningful difference to communities.
“We look forward to delivering this world-class destination that will transform wellbeing and benefit TraffordCity and the wider region for generations to come.”
A spokesperson from Trafford Council said: “The Therme project is fantastic news for Trafford, and I am delighted that construction work has started on this one-in-a-lifetime scheme. The resort will attract millions of visitors each year and will provide hundreds of construction jobs and full-time jobs for the borough.
ADVERTISEMENT
“Therme Manchester is a fantastic, visionary development and it supports several of our key commitments – helping provide a thriving economy, improving health and wellbeing and regenerating a vacant brownfield site in a sustainable location.”
The incredible plans to build floating walkways over Manchester’s waterways
Daisy Jackson
A major project that will deliver a 100-mile-plus network connecting Manchester’s parks, squares and waterways has been unveiled – and it includes impressive floating walkways.
The first steps for the CyanLines mega project have been unveiled today, including the first four routes which will link the likes of Mayfield Park, New Islington Marina, Castlefield Viaduct and Kampus.
The ambitious plans will also link lesser-known pocket parks, canal tow paths, and pedestrianised walkways, and will incorporate new planned outdoor spaces such as the Science Museum courtyard and the former Central Retail Park.
One particularly eye-catching proposal will be a new floating walkway across the middle of the River Irwell, complete with a canoe dock and storage area.
The plans will adapt to Manchester’s ever-expanding cityscape and will link up new and existing developments, providing green walking and cycling routes around town.
Manchester and Salford City Councils have already worked together and secured funding from the National Trust, Natural England, and the National Lottery Heritage Fund’s Nature Towns and Cities programme.
There are four CyanLines pilot routes – the first being a 5km ‘Irk Valley Explorer’ that will link Chethams Library and the Glade of Light memorial, Angel Meadows, the under-development City River Park, and the Barney’s Steps made famous by LS Lowry, ending with a view of the city skyline.
Then there’s the Mayfield, New Islington and Ancoats Loop, which will connect together Mayfield Park, the Ashton Canal, the Central Retail Park which is being transformed into a campus for the UK Government, New Islington Marina, Ancoats Green, and all the way down to leafy Kampus.
How the River Irwell could look with the CyanLines routes in placeHow the River Irwell looks currently
CL3, otherwise known as the ‘Walking the knowledge corridor’, incorporates significant landmarks like the Emmeline Pankhurst statue, our historic canal network, the Palace Theatre, Symphony Gardens, the universities, Manchester Museum, and Whitworth Art Gallery.
And the final of the four pilot routes is the CL4, focused around the almighty Castlefield Viaduct but also joining the Bridgewater Canal into Salford and the Irwell River Park, as well as the gardens around Chapel Street, Greengate Park, and the River Irwell itself.
Councillor Bev Craig, leader of Manchester City Council, said: “Manchester is on a mission to make our city greener, investing in new parks and green spaces including the likes of Mayfield, Ancoats Green and the Castlefield Viaduct, in addition to our work to celebrate and open up our rivers and canals. We are a city with exciting, and transformational plans for the future. .
“But there’s more that we can do together. CyanLines is a bold new initiative over the next decade to imagine and create over 100 miles of connected parks, green spaces and waterfronts.
“This is just the start of CyanLines and I urge residents, business owners, community groups and leaders to join us on this very exciting journey to truly transform our city.”
Tom Bloxham MBE CBE, CyanLines project co-founder and chair, Urban Splash and founding Chair Manchester International Festival (MIF) and Factory International said that the same ambition that grew MIF will be applied to CyanLines.
More before-and-after images of the CyanLines pilot plans
He said: “We want to bring the whole city along with us, to help us plan, fund and deliver CyanLines. No idea is too big, too ambitious, too audacious or too small or too straightforward.
“Everyone wants more green space. Everyone wants to be able to walk to the end of Castlefield Viaduct. Everyone wants to be healthier and happier.
“Imagine more species and drifts of plants and wildflowers and allotments in the city centre and being able to walk one or 100 miles of continuous paths linking all our amazing spaces. Together we can make it happen!”
Pete Swift, CyanLines project co-founder and CEO of Planit said: “The first four CyanLines provide so much more than walkable and wheelable connections linking the existing and planned excellent green and blue spaces across the city, to bring us all closer to nature and nature closer to us.
“The routes will be the starting point, or spring board, for a whole plethora of CyanLines projects which will bring new opportunities for nature to thrive and to be enjoyed.
“The ambition for CyanLines does not stop at Manchester and Salford city centres. It will ultimately link up all Greater Manchester’s boroughs to bring our citizens and communities closer to nature and help drive a greener, healthier, and inclusive future. From Dunham Massey in the south, to Northern Roots in Oldham; from Leigh via RHS Bridgewater, Media City on to the foot of the Pennines.”
Mike Innerdale, regional director North of England, National Trust said: “National Trust are firm supporters of CyanLines, not least because its core aim mirrors our own of ensuring more people have access to nature particularly in our towns and cities, and to bring nature to people’s doorsteps wherever they live.
“We recently announced we have secured the majority of the £3 million of funding for the Castlefield Viaduct which will allow us to bring Phase 2 of this iconic sky park project to life, enabling us to create a through route at the heart of the city. We look forward to working with the CyanLines team and other partners as both our projects advance, connecting Castlefield viaduct with the other wonderful spaces in Manchester and Salford city centres.”
The Manc -
24th June 2021 
