Royal Mail site in Stockport to be redeveloped

THE GREATER Manchester Property Venture Fund (GMPVF) has bought the former Royal Mail Sorting Office in Stockport town centre from the Royal Mail Group.

The building occupies a prominent position along the A6 adjacent to Stockport mainline railway station and GMPVF intends to demolish it to make way for a new mixed-use hotel and office scheme on the site.

Aoife McEvoy of GVA Grimley, fund manager to GMPVF, said: “This is an excellent opportunity for the GMPVF to invest in the continued regeneration of Stockport town centre, bringing forward an exciting new mixed use scheme and raising the bar for Stockport by improving the offer in terms of high quality hotel and office accommodation”.

Councillor Dave Goddard, leader of Stockport Council, added: “We have been working hard to attract new office developments to the borough, following a study last year which highlighted Stockport’s huge potential in this area. We are now seeing some major progress, including this new development from Greater Manchester Property Venture Fund, as well as St Peter’s Square also on the A6, which has attracted BSkyB to bring 500 new jobs to Stockport.”

The GMPVF, part of the Greater Manchester Pension Fund, has been allocated around £200m to buy development sites threoughout the North West region and has also recently bought a  12.5-acre development site along Calver Road, Warrington and a 0.3-acre site in Liverpool City Centre.

The Royal Mail Group was advised by DTZ.