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ROYAL MAIL TO SELL HALF OF ITS SORTING OFFICE
Royal Mail said plans to turn over half of its main London sorting office – Mount Pleasant – into a prime residential hub will be submitted next spring, as the group tries to boost its value ahead of a 2014 privatisation. The 12-acre former prison site in north London is undergoing a £32m facelift to increase production, move operations and free up as much as 6.5 acres of land for housing.