{"id":110723,"date":"2019-09-13T15:00:14","date_gmt":"2019-09-13T08:00:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/network-rail-failed-railway-arch-tenants-in-1-5bn-sale-say-mps\/"},"modified":"2019-09-13T15:09:24","modified_gmt":"2019-09-13T08:09:24","slug":"network-rail-failed-railway-arch-tenants-in-1-5bn-sale-say-mps","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/network-rail-failed-railway-arch-tenants-in-1-5bn-sale-say-mps\/","title":{"rendered":"Network Rail failed railway arch tenants in \u00a31.5bn sale, say MPs"},"content":{"rendered":"<p>&#013;<br \/>\nTaxpayers could face costs if space has to be repurchased for engineering works \u2013 reportNetwork Rail failed to act in the interests of tenants and the taxpayer when it sold off \u00a31.5bn 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 \u2013 and existing tenants no longer have an option to extend their leases. Continue reading&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : theguardian.com&#013;<br \/>\nRead more&#8230;<a href=\"https:\/\/www.theguardian.com\/business\/2019\/sep\/13\/network-rail-failed-railway-arch-tenants-in-15bn-sale-say-mps\" target=\"_blank\">Network Rail failed railway arch tenants in \u00a31.5bn sale, say MPs<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; Taxpayers could face costs if space has to be repurchased for engineering works \u2013 reportNetwork&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-110723","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-sNR","jetpack-related-posts":[{"id":97584,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/blackstone-bags-1-5bn-railway-arches-from-network-rail\/","url_meta":{"origin":110723,"position":0},"title":"Blackstone bags \u00a31.5bn railway arches from Network Rail","date":"September 11, 2018","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Blackstone bags \u00a31.5bn railway arches from Network Rail","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97578,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/blackstone-and-telereal-buy-1-5bn-network-rail-property\/","url_meta":{"origin":110723,"position":1},"title":"Blackstone and Telereal buy \u00a31.5bn Network Rail property","date":"September 10, 2018","format":false,"excerpt":"\r State-owned railway operator forges pact to shore up finances ahead of upgrade plan\r \r Source : ft.com\r Read more...Blackstone and Telereal buy \u00a31.5bn Network Rail property","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106771,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/railway-arches-sold-off-with-no-thought-for-tenants-says-watchdog\/","url_meta":{"origin":110723,"position":2},"title":"Railway arches sold off with no thought for tenants, says watchdog","date":"May 2, 2019","format":false,"excerpt":"\r National Audit Office says Chris Grayling\u2019s department ignored businesses based in archesA \u00a31.46bn sale of Network Rail\u2019s property portfolio to private sector buyers was carried out without consideration of the impact on the lives and livelihoods of thousands of sitting tenants, Whitehall\u2019s spending watchdog has found.The National Audit Office\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95783,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/network-rail-sale-of-arches-property-angers-tenants\/","url_meta":{"origin":110723,"position":3},"title":"Network Rail sale of arches property angers tenants","date":"August 10, 2018","format":false,"excerpt":"\r Struggle with rising debt prompts group to dispose of commercial estate\r \r Source : ft.com\r Read more...Network Rail sale of arches property angers tenants","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119522,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dismay-for-railway-arch-businesses-as-blackstone-pushes-rent-rises\/","url_meta":{"origin":110723,"position":4},"title":"Dismay for railway arch businesses as Blackstone pushes rent rises","date":"December 12, 2020","format":false,"excerpt":"\r PE firm and Telereal seek higher returns but tenants say it could be mean the end of the line\r \r Source : ft.com\r Read more...Dismay for railway arch businesses as Blackstone pushes rent rises","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51737,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rbs-could-take-1-5bn-hit-from-plan-to-drop-williams-glyn-sale\/","url_meta":{"origin":110723,"position":5},"title":"RBS could take \u00a31.5bn hit from plan to drop Williams &amp; Glyn sale","date":"April 13, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...RBS could take \u00a31.5bn hit from plan to drop Williams & Glyn sale","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110723"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=110723"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110723\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=110723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=110723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=110723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}