Work takes shape on Preston's iconic former Post Office set to be transformed into hotel

Workmen have been spotted erecting scaffolding on the former Post Office building in Preston City Centre which is set to be transformed into a hotel.

An investigation into suspected fraud at the company behind Preston's stalled Shankly Hotel development has concluded.

The Serious Fraud Office (SFO) has dropped its investigation after determining there is "no realistic prospect of conviction". The probe was launched in 2024, two years after Signature Group collapsed into administration, with estimated losses of around £140 million.

Among its flagship projects were plans for a new luxury hotel in Preston, which saw renovation works undertaken on the Grade II-listed Post Office building overlooking Flag Market.

The landmark property had been bought from Preston City Council in 2016, with planning permission approved for a 65-room hotel featuring a bar, restaurant and wedding and events suite.

However, Signature Living collapsed into administration, leaving a string of developments unfinished and investors facing significant losses. Last year, administrators for the business confirmed the sale of the former Post Office building for around £1 million.

It is now expected to reopen under a different name after reportedly being taken on by an international hotel operator.

Take a look at some pics.

You can read more on the former post office building here