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
Petition launched to rebuild Hotspur Press in its ‘original form’ following devastating fire
Emily Sergeant
A petition has been launched to rebuild the Hotspur Press building in its ‘original form’ following the devastating fire last week.
In case you missed it, one of Manchester’s most historic landmarks has been left a shell of its former self after a huge fire erupted at the now-derelict Hotspur Press, which is on Cambridge Street beside Oxford Road train station, last Monday (23 June), destroying the iconic building that stood standing for more than 200 years.
It was subsequently declared a ‘major incident’ by authorities.
Thick black smoke clouds could be seen for miles over the city centre from around 4:30pm onwards and into the evening, as fire crews worked to extinguish the blaze.
BREAKING 🚨 Huge fire in Manchester city centre right now – historic Hotspur Press is ablaze with major disruption to trains out of Oxford Road #manchester#mcrpic.twitter.com/SnA52oiqxm
At the height of the blaze, two aerial units and more than 100 firefighters were working at the scene in warm and humid conditions.
But for the past couple of years now, before the building went up in flames, Hotspur Press was at the centre of redevelopment controversy, where planning permission was being sought to transform the building into high-rise student accommodation – and it’s these proposals that prompted the petition calling for an authentic rebuild to be set up.
That and the fact that it was announced towards the end of last week that Hotspur Press was to be part-demolished.
A petition has been launched to rebuild Hotspur Press in its ‘original form’ following the devastating fire / Credit: The Manc Group | Jonathan Boswell (Submitted)
Already racking up more than 400 signatures and counting, the petition calls for the historic building to be restored ‘faithfully and fully’.
“The recent fire has robbed Manchester of one of its most iconic and historic buildings, a cornerstone of the city’s skyline and industrial heritage,” the petition reads. “Hotspur Press was not just bricks and mortar, it was a living reminder of the city’s printing legacy, a symbol of Manchester’s character and soul.
“What we don’t need is another anonymous block of luxury flats that serve investors over residents.
“We are tired of seeing our history erased for profit. We demand that what is rebuilt reflects the identity, memory, and voice of the people who actually live here.”
The petition concluded: “Buildings like Hotspur Press carry the stories of the people who built this city – and they deserve more than neglect, fire, or demolition. Let this be the turning point. Rebuild Hotspur Press, and set a precedent for putting people, history, and place before profit.”
If you’re in support, you can find out more and sign the petition here.
Featured Image – Jonathan Boswell (Submitted)
Business
The latest on Salford Red Devils financial situation as ‘winding-up’ petition is adjourned
Danny Jones
The current situation at Salford Red Devils is far from ideal, with the rugby league team currently owing hundreds of thousands of pounds in debt, not to mention facing further stress over finances with players owed wages, key personnel leaving and remaining uncertainty over future ownership.
So, why is the board expressing reassurance among supporters following the recent adjournment of a ‘winding-up’ petition, and what exactly does this mean?
It is no doubt a complex issue, but with the season concluding in October and the Greater Manchester club essentially being given a stay of execution, for lack of a better phrase, it’s possible that a corner could hopefully be turned soon.
Here’s everything we know so far about the situation in Salford and where the Red Devils’ finances are currently at.
Salford Red Devils’ finances and more – explained
For a start, they’re late on payroll again this month.
Salford Red Devils players have been told they will not receive their salaries today.https://t.co/ofHTR0uZyN
According to recent reports, Salford Red Devils owe more than half a million pounds to His Majesty’s Revenue and Customs (HMRC) at present, with current estimates said to be in the region of £600,000.
The Super League side has fallen into debt due to a number of factors: their own performance as a business, cuts to local funding and a period of spending in terms of recruitment and pre-season preparation under the assumption of a subsidy from Salford City Council (SCC).
However, this would-be uplift – despite it being promised late last year – never came as the Council (having already provided £315k in ‘immediate’ financial aid back in March 2024) U-turned on the decision after it was revealed further backing was not in the budget.
SCC ended up owing around £2 million itself after stepping in to save both SRD and fellow rugby league outfit Swinton Lions, handing out loans to both clubs even prior to purchasing Salford Community Stadium and the surrounding area.
The Council ultimately shelled out north of £7.7m to buy the ground and sever commercial ties with previous owners, Peel. They had hoped to further alleviate pressure on the club, but Salford Red Devils (SRD) had already spent the money they were expecting to receive on new players, training and more.
SRD were then told to sell off a number of players by the league.
With all this in mind, something called a ‘winding-up’ petition – basically a document sent by creditors that demands the immediate liquidation of a company/organisation that owes them money – was filed by HMRC back in May, with the tax authorities demanding payment of the outstanding sum.
However, special dispensation appears to have been made not only due to the complicated and unforeseen circumstances Salford have faced along the way, but also for the sake of the Rugby Football League (RFL) itself, with the Red Devils still seen as a valuable sporting and community asset.
One of those unexpected twists was the takeover by a new consortium led by Dario Berta, whose investment failed to clear in time and resulted in the club being hit with the financial sustainability problem that saw them cutbacks.
In a small bit of good fortune, it has now been decided that the petition to liquidate the SRD has been postponed, though not indefinitely.
As expected, there is good news that the winding-up petition filed by HMRC against Salford Red Devils has been successfully adjourned by the club's representatives in London until after the season has finished in September.
It's important to focus on supporting Salford as they…
— The Game Caller 🗣🎙📻 (@TheGameCaller) June 25, 2025
What could happen next?
The date for coughing up what debt they owe to the tax authorities has now been pushed back to September, meaning they have until then to find the finances, or else they could very well be made insolvent in a matter of months.
However, as per BBC Radio Manchester, those involved in the ongoing process are “confident” that bridging loans will be put in place over the coming days to keep HMRC at bay.
And, nevertheless, head coach Paul Rowley has insisted that he can see “green shoots” starting to emerge around the club, despite still sitting bottom of the table with just one win to their name.
What’s for sure is that the local area isn’t giving up on them, with numerous fundraisers and charity events being set up to help support the club via the official Salford Red Devils Foundation.
Fingers firmly crossed that there is light at the end of the tunnel.
The Manc -
24th June 2021 
