Network Rail deal puts UK government on track to build new homes

Following a deal with Transport for London earlier this year, the UK government is teaming up with Network Rail to regenerate stations across the country and build new homes.

The agreement will see them working with local councils to trailblaze development opportunities across England’s railway stations for housing and businesses. The ambitious initiative could deliver up to 10,000 new properties on sites around stations in the coming years.

York, Taunton and Swindon councils have come forward with proposals to spearhead the new initiative and have identified railway sites that could be pooled to deliver housing and other locally-led regeneration. The government is now calling for at least 17 other local authorities to take the scheme forward.

Drawing on the example set by the transformation of Birmingham New Street, Manchester Victoria and London Kings Cross, the government will bring together high-calibre technical expertise and local knowledge to increase development opportunities that exist throughout the entire rail estate.

Communities Secretary Greg Clark said: “We’re determined to fire up communities and back local business so they build much needed housing and create thousands of jobs. Rail stations are a hub of communities, connectivity and commerce and should be making the most of their unique potential to attract investment and opportunities.

“With record numbers of people travelling by train, it makes sense to bring people closer to stations and develop sites that have space for thousands of new homes and offices.”

Transport Secretary Patrick McLoughlin adds: “We are delivering the biggest programme of rail improvements since the Victorian age and have seen the transformation of stations such as Birmingham New Street, Manchester Victoria and London Kings Cross. I’m pleased to see that exciting visions for regeneration at Swindon, Taunton and York are being developed, with the potential for hundreds of additional homes and new businesses.”

TfL teams up with 13 developers

5th February 2016

Transport for London has teamed up with 13 developers to build new homes on unused land across the UK capital.

In February 2015, TfL announced its search for partners as part of a new scheme to both boost the city’s housing supply and generate £3.4bn in non-fare-based commercial revenue by 2023, which it will reinvest in London’s transport network. 300 acres of land have been singled out for development, with TfL reviewing its assets to determine other sites for development.

Graeme Craig, Director of Commercial Development at TfL, says: “After an extremely competitive process, we have appointed a selection of leading development organisations that we will work with to bring forward thousands of much needed homes, along with commercial space and jobs that will help support the Capital’s continued growth.”

13 major companies and consortiums have been chosen to develop the homes, after over 50 registered to become partners, which TfL says will enable to it work more efficiently to deliver homes, retail and office spaces, rather than appointing developers on a site-by-site basis.

“This framework marks a major step forward in allowing us to work with leading private sector developers and housing associations on an important part of our portfolio,” adds Craig.

The 13 companies and consortiums selected are Balfour Beatty PLC, Barratt Development PLC / London and Quadrant Housing Association, Berkeley Group PLC, The British Land Company PLC, Canary Wharf Group PLC, Capital and Counties PLC, U+I / Notting Hill Housing Group, Land Securities Group PLC, Mace Limited / Peabody Trust / DV4 Limited, Mount Anvil Group Limited / Hyde Housing Association Limited, Redrow Homes Ltd, Stanhope PLC / Mitsui Fudosan Company Limited and Taylor Wimpey UK Ltd.

Applications have already been submitted for planning permission in Nine Elms, Northwood and Parsons Green. It is anticipated that the three sites will generate over £100m for reinvestment in London’s transport network as well as delivering more than 600 new homes, a new step-free London Underground station at Northwood, new workspaces, retail units and  public spaces. The three sites will also support the creation of more than 500 new jobs.