A new property development company set up to build 40,000 new homes and over 10 million sq ft of commercial space over the next ten years with the centre of Manchester one of its first project
Platform4 is Network Rail’s new property development company, set to develop brownfield rail land.
The company, created from the merger of London & Continental Railways Ltd and Network Rail’s Property Development business will lead infrastructure-led regeneration projects across the rail estate that are vital for the growth of towns, cities, and the railway.
The project will enable 40,000 new homes alongside 10 million sq ft of commercial space over the next ten years. This will drive investment and growth while supporting the Government’s housing agenda.
Four sites already earmarked for development include Newcastle Forth Goods Yards, Manchester Mayfield, Cambridge and Nottingham, which together will see over 2,700 new homes delivered and brownfield land transformed into vibrant neighbourhoods
The Mayfield site is slated for redevelopment, with plans including the construction of up to 1,500 new homes, creating new neighbourhoods, jobs, and commercial space.
Platform4 adds to Network Rail’s wider property expertise, which includes a successful retail estate which generated over £914m in sales in the last financial year across its 19 managed stations.
The launch marks a significant step forward in how rail-connected land is used, supporting Platform4’s purpose of leading a national portfolio of regeneration projects. The new organisation brings together property, infrastructure and operational rail know-how to support Network Rail and wider partners.
The potential exists to transform significant areas of railway land – from major stations and station land to former goods yards – into thriving communities. These communities can deliver social, environmental and commercial value for generations to come.
Both development teams have a proven track record in delivering housing, commercial and infrastructure-led schemes, with over 7,000 homes delivered in the last year. By joining together with a shared purpose, Platform4 will deliver even more.
