Formed from the merger of London & Continental Railways and Network Rail’s Property Development arm, Platform4, which was announced earlier this year, will spearhead infrastructure-driven projects on underutilised rail estate, with the goal of delivering 40,000 new homes and in excess of 10 million sq ft of commercial space over the next decade.

It aims to attract more than £350 million in private sector investment and is projected to generate £1 billion in public value annually, with profits reinvested into Britain’s railways.

With a nationwide pipeline covering 47 towns and cities and 22 London boroughs, Platform4’s initial development sites include Newcastle Forth Goods Yard, Manchester Mayfield, Cambridge, and Nottingham, collectively expected to deliver 2,700 new homes.

It will also manage a commercial real estate portfolio and work closely with Network Rail Routes and Regions across England, Wales, and selected Scottish projects to align property and operational objectives.