AddThis SmartLayers

Closed regional daily’s office put up for sale

The office of a regional daily which closed in August with the loss of 49 jobs has been put up for sale by its administrator.

The freehold for Oldham Evening Chronicle’s headquarters has been put on the market by estate agent Lambert Smith Harrington, under the instructions of KPMG, for £250,000.

The Chronicle ceased publication in August after its owner Hirst, Kidd & Rennie was placed into administration, resulting in around 49 redundancies.

The publication was bought a few weeks later by radio station Revolution 96.2, which says it is “working on plans” to relaunch it early in the New Year.  But the office, on the junction of Rhodes Bank and Union Street, was not part of the deal.

Oldham office

Revolution has since relaunched the Chronicle’s former business and education magazines, and earlier this week announced it was launching a new lifestyle publication with the help of some freelance former Chronicle journalists.

Paul Parker, associate director at Lambert Smith Hampton, said: “The Oldham Evening Chronicle has been a mainstay of the town for generations and its offices were well-known to most people in the area.

“It stands adjacent to another local landmark site – the former YMCA building on Prince Street – and the area is primed for redevelopment.

“We are pleased to be bringing such iconic local properties to the market and we anticipate a great deal of interest given its proximity to a major new development scheme and the regional transport network.”

The building comprises 33,131 square feet of office space set across four floors, plus a former printing hall located in a single storey extension.

One comment

You can follow all replies to this entry through the comments feed.
  • December 15, 2017 at 11:35 am

    Well done KPMG, get best value by selling a 1.5 million pound building for peanuts. The pensions regulator will be pleased!!!!

    Report this comment

    Like this comment(4)