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Catching the development train

By: Series: Property Week ; 65(47) 1 December 2000, 39-40(3)Publication details: 2000Subject(s): Summary: Describes how the new rail franchises will open up more opportunities for property developers. This is because the new franchises are for 20 years rather than the 7 years of the old franchises. These new franchises are seen as a huge opportunity to improve the railways as the new TOCs will be able to make a serious return on their investments, not only in rolling stock, but also in development opportunities in and around stations. The article also outlines some of the difficulties that may be involved with rail property development as any projects must keep disruption of the operation of the railway service to an absolute minimum.

Describes how the new rail franchises will open up more opportunities for property developers. This is because the new franchises are for 20 years rather than the 7 years of the old franchises. These new franchises are seen as a huge opportunity to improve the railways as the new TOCs will be able to make a serious return on their investments, not only in rolling stock, but also in development opportunities in and around stations. The article also outlines some of the difficulties that may be involved with rail property development as any projects must keep disruption of the operation of the railway service to an absolute minimum.