Network Rail looks for partner to develop brownfield sites

Network Rail has begun its search for a development partner to work on improving its stations on brownfield sites across London and the South East.The sites initially earmarked for development are Twickenham, Guildford, Wembley Cutting, Walthamstow Central, Enfield Town Station, Epsom, Maidstone East and Paddington Enterprise House.

Well connected to public transport, regeneration of these railway lands will support sustainable development. It will also create an additional revenue stream for future investment into the railways, which according to Network Rail will not place additional burdens on the fare- or the taxpayer.

Mick Martin, director of Commercial Property, Network Rail, said: "This is the first deal of its kind for Network Rail. By creating a genuine partnership with our commercial partner, with each of us retaining a 50% stake, we will maximise the value of the chosen sites and develop a sustainable income stream for improving the railway for years to come.

"We are determined to simplify the development process and reduce the cost and time taken to deliver successful and profitable developments. This joint venture will expedite real improvements to stations and facilities for local communities, and is the first of many changes we will make to improve value creation from our assets."

Your News

If you've got a story that would be of interest to Builder & Engineer readers, send us an email

Features

2015-07-01 12:56

Can the government meet its current housing pledge? We find out

2015-07-01 12:40

Anthony Albertini, partner at Clyde & Co discuses how firms can resolve construction disputes across Europe

2015-07-01 12:22

Andy Matthews, production director of the Fibercill division at National Hickman discusses the dangerous relationship between man and machine and why safety standards matter

2015-06-18 09:21

Jessica Taylor, construction partner at national law firm Clarke Willmott LLP discusses how risk can be turned into a competitive advantage

2015-06-18 09:16

HSE’s ‘Beware Asbestos’ safety campaign received a gold award for innovation at this year’s Institute of Promotional Marketing (IPM) Awards

2015-06-18 09:12

Nick Milestone, managing director of B & K Structures, is behind the strategy and shares his views on the challenge

2015-06-03 11:09

New demands for green building suppliers are opening up in North America, says Paul Hooper, chief executive of the Alumasc Group

2015-06-03 10:56

Alasdair Stables, managing director at PERI Ltd UK, explains more about the need for pre-assembled and transportable formwork which has played an important part in some of the past year’s biggest projects

Free E-newsletter Sign-Up

Sign up for our free e-newsletter

Looking for a company or service?