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

2015-07-29 12:00

The Passive House concept promises low-carbon living that doesn’t cost the Earth, and the way it is gaining ground around the world demonstrates that such claims are far from being so much hot air

2015-07-29 11:45

We look at how timber can be made more sustainable

2015-07-15 13:12

Danish delegation visit Lyng estate to gain insight into urban regeneration

2015-07-15 13:08

Could the altitude clause in BS5534 leave some contractors high and dry?

2015-07-15 12:46

Smaller assembly tools, such as nutrunners, pose just as great a health and safety risk as hammer tools when it comes to industrial noise and vibration, says Bill Harrison, Technical Manager

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

Free E-newsletter Sign-Up

Sign up for our free e-newsletter

Looking for a company or service?