Network Rail releases sites for development

Network Rail has released several sites for commercial and residential development in five locations across Greater London and the South East in the first of a series of multi-site launches.

The launch includes two sites in Bermondsey, residential and commercial space in Leyton, redevelopment opportunities in Edenbridge, Kent and land for homes alongside an improved station in Bickley. In total the sites have the potential to deliver 300 homes.

Network Rail said by grouping together different sites within packages and offering them to developers as a collective opportunity it would help to accelerate its land for homes programme.

Chair of Network Rail Sir Peter Hendy said: “Britain’s railways create economic growth, jobs and housing by enabling connectivity. In addition, use of Network Rail’s land can and should enable more regeneration and housing directly.

“We recognise this means strong and ambitious new partnerships, so Network Rail is changing to make it easier than ever for developers to work with us to deliver exciting projects in and around railway stations and railway land.

“This collaboration is a big step forward in our new approach.”

This is the first in a series of multi-site land launches which is now open to developers’ bids and the second package of sites is expected to be available for offers before the end of the financial year.

The packages are being launched to help the organisation reach its target of delivering land for 12,000 homes by 2020. It has already released more than a quarter of this target.

The sites within the packages go alongside around 200 development sites that Network Rail has already identified for housing. Many of these sites are already being progressed.

To coincide with its first multi-site launch, Network Rail has changed the way it will work with developers. It has introduced an advisory service, a service level commitment for asset protection and will adopt a new approach to insurance and risk cover.

Network Rail plans to publish all changes in full over the next six months.

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