Case Study: Network Rail

Published on: 14th December 2015

Network Rail chose to base their maintenance project at the RTC Business Park in Derby, thanks to a letting completed by us on behalf of London and Continental Railways Limited.

In one of the largest single office transactions in Derby in recent years, Network Rail has leased 15,818 sq ft in Brunel House for a five year term.
 
The space is required to facilitate electrification and re-signalling infrastructure project on the UK railway mainlines. Network Rail is a responsible for running, maintaining and developing Britain’s rail tracks, signalling, bridges, tunnels, level crossings, viaducts and 18 key stations.
 
Under the terms of the lease, Network Rail will refurbish the property, transforming the accommodation into modern open plan offices. After 9 months of negotiations Sanderson Weatherall has secured lease terms that satisfy Network Rail’s business case but also ensure best value for London and Continental Railways.
 
Commenting on the letting, our associate partner in corporate real estate, Luke Barrett, said: “We are delighted to have secured this lease on behalf of our client. The deal will regenerate the building and provide ideal headquarters from which Network Rail can operate the project. It represents one of the largest single transactions in the city so we’re very pleased to have persuaded Network Rail to come to the RTC over the alternatives.”
 
London and Continental Railways’ property manager, Steve White, said: “Attracting a tenant of the calibre of Network Rail underlines the RTC Business Park’s reputation as a centre for rail and engineering excellence. Sanderson Weatherall’s team worked tirelessly to secure terms that were favourable to both parties and without their skilful negotiation on our behalf the deal would not have been possible.”

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Corporate Real Estate

Sanderson Weatherall offers a “one stop shop” for the corporate occupier, providing them with a single point of access to a fully co-ordinated range of skilled and specialist services. This can range from undertaking a single, specific instruction to a comprehensive outsourcing service, encompassing all property advice. For our major corporate clients we design a bespoke package tailored to meet their particular business needs and individual requirements. Our Services Include: Strategic Management Business planning at a strategic level including rationalisation/relocation Assessing the impact of property decisions on business and profitability Minimising occupation costs and maximising operational flexibility Outsourcing Comprehensive and co-ordinated service for all advice From a complete portfolio to a single property instruction Professional Services Asset management and enhancement Valuations for company accounts, MBO’s, raising finance, taxation, rating, etc Rent reviews, lease renewals and lease monitoring and restructuring Acquisitions and Disposals Property searches, market overviews and research Investigation of alternative uses and marketing of surplus property A fully co-ordinated “turn-key” service for the development of new operational facilities including site identification, planning, building design and construction.   Contact Us

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