Network Rail has launched a search for a development partner for eight of its stations across the South East.
The sites initially earmarked for development are Twickenham, Guildford, Wembley Cutting, Walthamstow Central, Enfield Town station, Epsom, Maidstone East and Paddington Enterprise House.
Director of commercial property Nick Martin said: ‘This is the first deal of its kind for Network Rail, By creating a genuine partnership with our commercial partner, with each of us retaining a 50% stake, we will maximise the value of the chosen sites and develop a sustainable income stream for improving the railway for years to come.’
He added that the aim was to simplify the development process and reduce the cost and time taken.
Network Rail also said that it was ‘unlocking the commercial potential at our main London stations in order to invest the proceeds in passenger benefits.’
A spokesperson added that plans for Euston and Victoria would be announced soon, and work was about to commence on London Bridge and King’s Cross.
Network Rail is also working with stakeholders to develop plans for Waterloo.