Network Rail has launched Platform4, a new property development company set to transform brownfield rail land into thriving communities, delivering 40,000 new homes and over 10 million sq ft of commercial space over the next decade.
Formed through the merger of London & Continental Railways Ltd and Network Rail’s Property Development business, Platform4 will lead infrastructure-led regeneration projects across the rail estate, driving investment and supporting the government’s housing agenda.
Key ambitions for the next ten years include:
- 40,000 new homes across the UK.
- 10 million sq ft of commercial space for businesses and innovation.
- Significant public and community spaces.
- Generating £1 billion per year in public value.
Jeremy Westlake, Network Rail Chief Executive, said:
“Today marks a significant milestone as we combine the power of rail and our significant property portfolio to shape communities and drive positive change. Platform4 will help ensure the railway estate continues to deliver value for both the economy and our communities.”
Platform4 Chief Executive Robin Dobson added:
“Our railways once powered the first industrial revolution. Today they hold the key to the next. By unlocking and regenerating brownfield land within the rail estate, we will generate further investment, create jobs through the delivery of homes, commercial space, and new communities, whilst supporting the government housing agenda.”
Platform4 builds on Network Rail’s property expertise, which includes a retail estate generating £914m in sales last year across 19 managed stations. The new company will leverage rail-connected land - from major stations to former goods yards - to deliver social, environmental, and commercial benefits.
With a nationwide pipeline covering 47 towns and cities and 22 London boroughs, Platform4 aims to create vibrant communities while supporting economic growth. Both development teams have a proven track record, delivering 7,000 homes in the past year, and will now scale up delivery under a shared purpose.
Image credit: Network Rail
