As first reported by the Enquirer, Platform4 will unite the property arms of Network Rail and London & Continental Railways to fast-track regeneration of disused railway sites, kickstarting £1bn of investment and creating new communities near transport hubs.
Around 15,000 homes are targeted in the first five years.
The new company will work with councils, housing associations and developers to turn derelict goods yards and old sidings into places to live, with green spaces, shops, hotels and commercial uses.
Four sites already earmarked for development are:
Plan for redevelopment of derelict Forth Yards in Newcastle
| First Wave Sites | |
|---|---|
| Location | Homes Planned |
| Manchester Mayfield | 1,500 |
| Newcastle Forth Goods Yard | 600+ |
| Cambridge | 425 (mixed-use) |
| Nottingham (The Barnum extension) | 200 |
Bek Seeley, also chair of the Euston housing delivery group, said: “Platform4 will deliver on key government priorities, creating new homes and jobs and stimulating economic growth.
“Working alongside our partners and local authorities, we will create sustainable places that bring communities and customers together and leave a positive legacy for future generations.”
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