Property News · September 13, 2019

Network Rail failed railway arch tenants in £1.5bn sale, say MPs


Taxpayers could face costs if space has to be repurchased for engineering works – reportNetwork Rail failed to act in the interests of tenants and the taxpayer when it sold off £1.5bn of railway arches, sacrificing an important asset for short-term gain, according to MPs.A critical report from the public accounts committee has found that the controversial sale of thousands of arches will also mean future tenants have fewer rights – and existing tenants no longer have an option to extend their leases. Continue reading…

Source : theguardian.com
Read more…Network Rail failed railway arch tenants in £1.5bn sale, say MPs

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