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IN BRIEF: Royal Mail sells remaining development land at Nine Elms

13th Dec 2021 14:19

Royal Mail PLC - London-based letter and parcel delivery - Sells three remaining land plots, three acres in total, at Nine Elms to residential property developer London Square for GBP111.2 million. Receives 10% deposit of GBP11.1 million, with remaining GBP100.1 million due in early 2022. The plots in Battersea, south London have been sold with planning permission for 756 residential units.

Current stock price: 489.21 pence, up 0.9%

Year-to-date change: up 45%

By Tom Waite; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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