Fri, 26 Jun 2015 | BUSINESS SALE
Network Rail has appointed advisors from Rothschild to review its extensive portfolio of commercial property, The Independent reported.
The company is a landlord to more than 7,000 small and medium-sized businesses, which collectively paid Network Rail some £266 million in rent in 2014.
Included in this group are businesses ranging from nightclubs to scrap metal merchants and the majority are located under railway arches across the country.
An estimated valuation of the total portfolio reckons that the company should be able to generate at least £1 billion if it sold all the land and property.
An industry source told the paper that Rothschild's bankers are aiming to look at the ways in which the state-backed firm can “maximise value” from the sale. A number of separate sales are expected to be one of the most profitable options.
Rothschild bankers were actually appointed three weeks ago on the quiet. Another banking source told the Independent: “Valuing 7,000 parcels of land is quite a lot of work and will be quite difficult. The political pressure is such that Network Rail needs to see what can be sold. They will want Rothschild to get that stuff under the hammer quickly.”
Read more about the options for valuing a business.
Represents an expansion opportunity for an industry acquirer seeking a SW London based medical dispensary.
Offering a West Yorkshire based medical centre integrated pharmacy with scope for further expansion.
Represents an growth opportunity for an industry acquirer seeking a Merseyside based medical dispensary.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.