Network Rail has appointed Rothschild’s financial advisors to look into selling commercial properties. Rothschild advisors will look at a number of options for how Network Rail can “maximise value” from its commercial property. This will probably take the form of a number of sales.
Network Rail owns over 7,000 small and medium-sized businesses. Railway land and properties no longer required for operational use might also be included in the potential sale. However, the portfolio does not include the stations, which the UK Government is also considering selling or outsourcing. Regulators would also probably block the sale of any disused land near lines that could one day be brought back into operational use.
Land and property that could be sold could be worth over £1bn (1.4 billion euros).
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