Taxpayer 'could miss out on Royal Mail property proceeds'
Tue 22nd October 2013, 11:01 am
Questions have been raised over whether the Royal Mail's estate (valued at £1 billion) was realistically estimated before the privatization.
According to a report in Property Week, privatization raised £1.7 billion pounds for the government.
Yet it's estate might have been severely undervalued, according to shadow minister for postal affairs, Ian Murray.
Property Week believes a 13 acre Nine Elms site alone could raise in excess of £325 million.