Network Rail and London Continental Railway have launched a fresh hunt for development opportunities around 650 stations as the pair seek to expand their £2bn pipeline.
The partners currently have 19 active schemes with a potential to deliver 5,000 homes and 2m sq ft of commercial space, following an initial review of 1,250 sites.
They have appointed Savills to bolster the pipeline with the next tranche of schemes. The agent will complete the review of potential sites by March 2021 to allow the partners to progress new schemes.
Network Rail and LCR first agreed the joint venture in 2018. The collaborative working portfolio seeks to unlock complex sites bringing together land owned by Network Rail and other public and private sector parties.
The duo previously said the initiative could see 50,000 homes and 50,000 jobs, delivering £7bn in public value.
LCR chief executive Peter Hawthorne said: “Bringing forward market-ready opportunities of this kind is only possible through collaboration.
“The unique make-up of transport-linked land, and the complex ownership structures and development requirements that come with it, require pooling of skills from across the public, private, rail and real estate sectors.”
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