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NR to sell leasehold on commercial estate

RAIL

24 November 2017
 

Network Rail is seeking bidders for its commercial estate in England and Wales, in order to raise funds for rail investment.

Most of the 5,500 properties that are for sale are spaces in the arches of viaducts and bridges. Network Rail describes the properties as a “profitable and successful asset portfolio”. They will be sold as leasehold, with Network Rail retaining the freehold to ensure it continues to have rights of access.

An NR spokeswoman told LTT: “All the proceeds...

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