London's public transport agency has decided to embrace rail+property joint development, similar to many cities around the world. Since the UK government has decided to lower the annual subsidies to Transport for London (TfL), they are looking at other revenue opportunities. TfL is working with private property developers to build office and housing on surplus railway land, and is expecting that ongoing rental income can help offset the loss of subsidies and provide additional resources to invest in their core transport infrastructure.


You can read more on the Financial Times: Subscribe to read