A strong partnership with The Arch Company will continue to deliver positive outcomes for the railway estate and the communities that the railway serves.
Network Rail and The Arch Company (Arch Co) have announced a multi‑million‑pound deal that will see a range of property assets transfer to Arch Co’s ownership across the London portfolio, marking another strong step in its ongoing and highly productive partnership.
The portfolio purchased by Arch Co includes a broad mix of railway arches and investment assets, including in Borough Market. The usage ranges across light industrial, retail and food and beverage outlets, and will form part of Arch Co’s existing capital expenditure pipeline.
Network Rail’s partnership with Arch Co continues to deliver positive outcomes for both the railway estate and the communities it serves, with this latest transaction a strong example of the collaboration between the two organisations.
Proceeds from this sale will be reinvested directly back into Britain’s railway infrastructure, supporting Network Rail’s commitment to increase commercial revenues and reduce subsidy as the rail industry moves closer to becoming Great British Railways.
Gary Bostock, Property Director for Network Rail Southern Region, said: “This is a fantastic result for both the railway and the customers who use it, alongside strengthening our partnership with Arch Co and making a valuable contribution to the future of Britain’s railway.
“Our relationship with Arch Co continues to deliver positive outcomes for both the estate and the communities it serves with this latest transaction being a great example of that partnership in action.”
Craig McWilliam, Chief Executive Officer of The Arch Company said: “These assets are a natural fit with our existing estate and represent another significant investment in London. They bring a mix of established businesses and opportunities for future growth, underlining our confidence in the capital and the small businesses and entrepreneurs that drive its success.”
Image credit: Network Rail
