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
Manchester Airport shares major update and new images of Terminal 3 upgrade plans
Daisy Jackson
Plans to upgrade Terminal 3 at Manchester Airport have taken a big step forward.
The passenger hub’s reputation precedes it amongst Mancs (come on, who among us hasn’t gone ‘Oh god, not Terminal 3’ when you check your travel plans?) – it’s smaller, there are less bars and restaurants, and even the Boots is tiny.
Terminal 3 has become even less favoured since Manchester Airport undertook a £1.3bn investment in Terminal 2, which is now gorgeous and packed with interesting (and local) operators.
But now work has officially begun on a multi-million pound project to revamp Terminal 3 too.
The plans were unveiled back in May, promising extra seating, a new entrance, new shops and food and drink outlets, and ultra-modern security details.
New images are now giving passengers an idea of how the revamped departures area will look – and it includes a new sports bar.
Sporting Chance will be a 469-seat bar with airfield views. The CGIs of the sports bar show gigantic table football-style characters hanging overhead, as well as screens to show sporting events.
Manchester Airport has also confirmed that the Terminal 3 will be home to a new Italian-themed restaurant called Terracotta.
Terminal 3 will be made larger by merging partly with the existing Terminal 1 building, which is set to close once Terminal 2 is complete.
CGIs of Terminal 3’s new sports bar at Manchester AirportAn Italian restaurant will also open at Terminal 3 as part of the upgrade
The first parts of the new-look terminal will open early next year.
Manchester Airport Managing director Chris Woodroofe said: “Here at Manchester Airport we’re proud to connect the North to the world and we’re always looking at how we can improve the experience we provide to our passengers.
“Our 10 year, £1.3bn project to completely transform Terminal 2 is nearly finished and we know passengers who have already used it absolutely love it.
“And now we’re able to shift our focus to Terminal 3 where work has already begun. Our plan is to take advantage of the extra space that will be afforded by the closure of Terminal 1 to really improve the experience for passengers who fly from there.
“It’s great to see the work already underway and really exciting that passengers will start to see the benefits of it from early next year.”
Local brewery J.W. Lees is helping bring back Manchester’s beloved Boddingtons beer
Danny Jones
Greater Manchester, it’s time to rejoice in the return of a cask king, as Boddingtons is coming back in a big way and local brewery J.W. Lees is helping spearhead the revival.
The famous ‘Cream of Manchester’ has slowly dripped away over the decades, being found in fewer places by the year, though some holdouts have remained.
Fortunately, those who are truly passionate about Boddingtons and their love for the delicious golden ale haven’t waned over the years, helping keep it alive on keg in the few Manc pubs still serving it.
But while it was the Keg that kept Boddingtons alive, now, thanks to the native brewers, beer brand and pub chain, the popular beer is being given a fresh start back in its native home of a cask. By’eck – it’s back…
They’re hoping to make sights like this a thing of the past.More of this, please.(Credit: The Manc Eats)
Teaming up with the global Budweiser Brewing Group (BBG), which will now oversee the resurrection of the modern-day ‘Boddies’, J.W. Lees will be bringing the cask ale back to the masses.
Just in time for cosy, autumnal nights in the pub, no less.
Planning to reintroduce it in their pubs across the region, before hopefully taking on the North West and beyond, they’re promising to make it “smoother, creamier, and brewed closer to home than ever before.”
It seems fitting that Lees (founded in 1828) should be entrusted with one of our oldest beers in Boddingtons, which dates back to 1778 and went on to become not just one of the biggest beer brands in the UK but also one of the first to be canned and mass-produced on the shelves across the country.
To toast the return and impending supremacy of Boddies, J.W. Lees Albert Square pub, Founder’s Hall – which replaced the old Duttons when it opened last year – is even hosting a party to celebrate its comeback, featuring some of the very first of the new pints to be poured to the public on 23 September.
This isn’t just a reboot; the new and improved Boddies brand comes with a new 4.0% ABV recipe, looking to join the lineup of premium British ales.
William Lees-Jones, Managing Director J.W. Lees, said: “When I joined JW Lees in 1994, Boddingtons was ‘The Cream of Manchester’ and we were in awe of their position in leading the cask beer revolution.
“We are planning to put Boddingtons back where it rightly deserves to be as one of the leading premium UK cask beers, particularly in our heartland of the North West.
“We also look forward to working with Budweiser Brewing Group with their portfolio of market-leading lagers and premium packaged beers in our pubs.”