Draft:Arch Company
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Submission declined on 2 December 2024 by Dan arndt (talk).
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This draft has been resubmitted and is currently awaiting re-review. |
Submission declined on 1 December 2024 by DoubleGrazing (talk). This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are: Declined by DoubleGrazing 35 days ago.
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- Comment: Fails WP:NCOMPANY, requires significant coverage (about the company) in multiple independent secondary sources. Dan arndt (talk) 08:55, 2 December 2024 (UTC)
Arch Company is a private real estate company in the United Kingdom that was created in 2018. It manages a portfolio of over 5,300 properties, most of which are railway arches and 60 percent are in London.[1]
History
The company was founded in 2018 after Network Rail agreed to sell approximately 5,200 of its properties to American investment firm Blackstone and British commercial property investor Telereal_Trillium. The deal was completed for £1.46bn with equal ownership shares for each company. Network Rail remained the freeholder on the sites with a 150-year lease.[2] Network Rail was compelled to make the sale in a 2015 deal with chancellor George Osborne in exchange for funding for rail infrastructure upgrades.[3]. A 2019 report on the sale conducted by the Committee of Public Accounts found "the sale was professionally managed, generated competitive tension and achieved a fair price for the portfolio when valued as a business", but also that "we remain unconvinced that the sale represents the best value for the public and the public sector finances in the long term."[4]
References
- ^ "Small Businesses in Railway Arches". House of Commons Hansard. 22 March 2023.
- ^ "Network Rail sells railway arches to investors for £1.5bn".
- ^ "Network Rail sell-off to fund upgrades".
- ^ "Network Rail's sale of railway arches" (PDF). House of Commons Committee of Public Accounts. September 9, 2019.
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Make sure you add references that meet all four of these criteria before resubmitting. Learn about mistakes to avoid when addressing this issue. If no additional references exist, the subject is not suitable for Wikipedia.