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Rail derives little value from property development says ex-TfL chief

John W E Helm
13 March 2017
Daniel Moylan
Daniel Moylan

 

Rail derives little or no value from property development schemes as the industry is barred from owning non operational land for non rail purposes, says former TfL deputy chairman Daniel Moylan.

“There is insufficient revenue from new rail infrastructure to pay its way, and there are limited techniques for capturing value from new development facilitated by new rail infrastructure. Techniques for capturing uplift from existing stock are even more restricted,” he told Landor’s...

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