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.
Indoor trampoline park offering a wide variety of activities including, dodgeball, battlebeam, jump tower, interactive wall, bouldering wall, inflatables, Ninja warrior, basketball, toddler area, mini football pitch, dance school, tricking classes, s...
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Viewing: Thursday 23 May 2019 between 9am and 12 Noon. (By appointment only). Closes From 12 Noon Tuesday 28 May 2019.
Formal offers for the business as a whole to be received no later than 12 noon on Friday 24 May 2019. An opportunity exists to purchase the business and assets of a Recruitment Agency Start-up Business.
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