Capital & Counties has bought Kier Property’s share of its Solum Regeneration joint venture with Network Rail.
Solum was established in 2008 by Network Rail to attract private investment into the rail network and regenerate underused railway land around major stations.
Kier Property will complete existing projects at Guildford, Twickenham and Bishops Stortford stations.
Solum will explore opportunities for future redevelopments on and around significant railway station sites in London.
The transaction is expected to complete around the end of June.
Stuart Kirkwood, development director, Network Rail Property, said: “Network Rail’s partnership with Kier has already delivered three major mixed-use developments at Christchurch, Epsom and Walthamstow Central and secured planning permission for three more. CapCo’s expertise will help us unlock further regeneration opportunities in London in the next phase of Solum’s work.”
