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Branson becomes developer

Series: Property Week ; 65(47) 1 December 2000, 11(1)Publication details: 2000Subject(s): Summary: Government's decision to award 22 new rail franchises for the extended period of 20 years has handed rail operators, such as Richard Branson's Virgin Rail Group, the opportunity to see a return from property investments in and around stations. This month Virgin will find out whether its bid for the London-Edinburgh line has been accepted. This includes £40m improvements to existing stations. All the new and improved stations will provide opportunities for commercial and retail schemes.

Government's decision to award 22 new rail franchises for the extended period of 20 years has handed rail operators, such as Richard Branson's Virgin Rail Group, the opportunity to see a return from property investments in and around stations. This month Virgin will find out whether its bid for the London-Edinburgh line has been accepted. This includes £40m improvements to existing stations. All the new and improved stations will provide opportunities for commercial and retail schemes.