Network Rail has instructed PwC to advise on the sale of train depots as part of wider plans to raise £1.8bn through asset disposals.
More than 100 light-maintenance depots will be considered for sale, including assets at London Waterloo and Birmingham New Street, electrical substations and power lines, according to The Sunday Telegraph.
David Biggs, chief executive of Network Rail Property, the government-owned infrastructure set up in April to speed up the sell-off plan, has said depot sales were likely to be long leasehold disposals or partially maintained by NR to ensure their continued use as maintenance depots.
Rothschild has been appointed to advise NR on its £1bn commercial property portfolio; KPMG is examining NR’s power assets and Deloitte is advising on its freight yards.
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