Stay on the rails

Unadkat, Sangita

Stay on the rails - 2005 - Estates Gazette (0532) 13 August 2005, 60-62(3) .

Assesses the development potential of railway land and the risks associated with what has been described as Britain's best untapped portfolio of development sites. Provides an overview of the rail regulatory regime and outlines the key factors that developers must consider when undertaking rail projects. Considers the principal rail industry parties, the role of network Rail, condition 26 of network Rail's licence which relates to the disposal of land, Network Rail title and the complications of changes to railway land. Concludes that development of railway land presents unique challenges for the real estate industry. A developers' checklist is appended.