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3d ago

Government Launches Platform4 to Deliver 40,000 Homes on Railway Land

Bek Seeley takes the helm of a merged public property company that has earmarked four rail sites for regeneration.

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New homes for first-time buyers will be on railway land currently housing derelict stations and disused goods yards. Image: Umair Dingmar / Unsplash
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A artist's impression of the proposed Forth Yards development in Newcastle, a 100-acre regeneration opportunity for up to 600 new homes (Photo: Beyond Invest Newcastle)

Overview

  • Platform4 consolidates London and Continental Railways Ltd and Network Rail’s property teams to streamline brownfield land release for housing.
  • Bek Seeley has been appointed chair of the publicly owned developer.
  • Four initial sites—Newcastle Forth Yards (up to 600 homes), Manchester Mayfield (1,500), Cambridge (425) and Nottingham (200)—have been designated for regeneration.
  • The company aims to attract over £350 million in private investment and deliver up to 40,000 homes on surplus railway land over the next decade.
  • Profits from Platform4 projects are expected to generate an additional £227 million for reinvestment into rail infrastructure and support the government’s plan to build 1.5 million homes by 2029.