Network Rail's commercial property estate has been re-launched, in a bid to drive regeneration across London.
Network Rail has launched its rebranded commercial property lettings estate, signalling a "new era" for the business.
The portfolio consists of some 10 million sq ft of
commercial development lettings, many situated inside railway arches and other such locations, with total of 3,800 properties.
Network Rail has made a
property investment of more than £11 million pounds in London commercial development assets in the last 12 months, which it claims has helped to drive regeneration in the capital, reports Rail-news.com.
The group's director of property David Biggs said that the firm would be looking to build on an existing understanding of small business and their needs.
"This move is a clear symbol of Network Rail's dedication to its property division, which through targeted investment encourages local businesses to grow and in turn helps to drive regeneration in numerous boroughs across London," he told the news provider.
BNP Paribas Real Estate recently claimed that it would take around 15 years for commercial property values to reach pre-recession levels again.
Posted by Tess Nelson.
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