Network Rail’s and Kier’s joint venture Solum Regeneration is seeking a private rented sector funding partner for its railway station-led redevelopments.
The partnership has appointed Savills to market the opportunity. It could potentially seek around £200m of funding.
There is thought to be scope for thousands of homes, but a decision has yet to be made on how many will be allocated for private rent.
A source said: “The sites are likely to tap into a very strong London rental market and will prove attractive to commuters. Institutional and sovereign wealth investors will be very keen. There will also be interest from housing associations.”
A Kier Group spokesman said: “We are always keen to look at new market opportunities.”
Solum was established in 2008 to regenerate a number of railway stations in the South East.
It has completed projects in Christchurch, Dorset, and Epsom, Surrey, and is currently delivering a scheme in Walthamstow, E17.
Plans are being drawn up for its biggest scheme on a four-acre site in Guildford, Surrey, which could include two hotels, new housing, a supermarket and shops.
Solum secured consent in 2013 for a £50m development in Redhill, Surrey, which comprises a 25,000 sq ft Waitrose and 150 flats. It also has permission for a £20m scheme in Haywards Heath, West Sussex, which includes a 30,000 sq ft Waitrose, as well as cafés and restaurants.
In Twickenham, west London, it got the green light in 2011 for a new railway
station, 115 flats, shops and restaurants.
Other sites in the 10-year jv include Maidstone East in Kent, and Wembley and Enfield in London.
