Railway arches sale overlooked tenants, says spending watchdog [BBC News]

Date: 02/05/2019

Network Rail only considered tenants of its arches 'late in the process' when it sold its commercial property portfolio, the spending watchdog says. The National Audit Office (NAO) said the £1.46bn generated by the deal in September was 'more than expected'. But it said that tenants got no legal guarantees on the amount of rent they pay from the new owners. The government says all tenants' rights have been protected - but campaigners warned firms could be priced out.

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Tenants 'overlooked' in railway arches sale
Union Yard, Southwark, London

BBC News

Network Rail only considered tenants "late in the process" of selling its commercial property, says watchdog.