Network Rail sells railway arches to investors for £1.5bn

Worried tenants told they will be protected by ‘charter’ but it lacks promises on rent risesNetwork Rail has sold thousands of railway arches to a pair of investors as part of a £1.5bn property deal but vowed that businesses working from the spaces, which have raised fears about rent rises, would be protected by a “tenants’ charter”.Telereal Trillium and Blackstone Property Partners won the bidding for 5,200 properties, the majority of which are arches, the op