UK to Unveil Railway Landlord With Swathes of Land for Homes

The UK government is set to unveil a new real estate company with a vast portfolio of land around the country’s railways that will form a key tenet of the ruling Labour Party’s ambitions to boost housing.

The Department for Transport will next week announce the formation of Platform4, a new company that will contain the real estate portfolios of Network Rail and London & Continental Railways, people with knowledge of the proposals said. The combined entity will control a £30 billion real estate portfolio, one of the people said, asking not to be identified as the plans aren’t yet public.