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Draft:Arch Company

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This is an old revision of this page, as edited by Ferrierrose (talk | contribs) at 09:14, 2 December 2024 (Submitting using AfC-submit-wizard). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

  • 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

  1. ^ "Small Businesses in Railway Arches". House of Commons Hansard. 22 March 2023.
  2. ^ "Network Rail sells railway arches to investors for £1.5bn".
  3. ^ "Network Rail sell-off to fund upgrades".
  4. ^ "Network Rail's sale of railway arches" (PDF). House of Commons Committee of Public Accounts. September 9, 2019.