Draft:Arch Company
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Submission declined on 2 December 2024 by DoubleGrazing (talk).
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This draft has been resubmitted and is currently awaiting re-review. |  |
| Submission declined on 2 December 2024 by Dan arndt (talk). This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are: Declined by Dan arndt 16 days ago.
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| Submission declined on 1 December 2024 by DoubleGrazing (talk). This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are: Declined by DoubleGrazing 17 days ago.
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Comment: House of Commons records are primary sources. The two secondary sources (BBC, Guardian) talk about the subject only indirectly or obliquely, without actually mentioning "Arch Company" once. And even if we accept both as contributing towards notability of Arch Company, this isn't enough to satisfy WP:NCORP, which is usually taken to require three or more solid sources that meet the WP:GNG standard. DoubleGrazing (talk) 09:40, 2 December 2024 (UTC)
- Comment: Fails WP:NCOMPANY, requires significant coverage (about the company) in multiple independent secondary sources. Dan arndt (talk) 08:55, 2 December 2024 (UTC)
The 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
[edit]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 Teleral Trillium.[2] The deal was completed for £1.46bn with equal ownership shares in the newly incorporated The Arch Company Properties Limited. Network Rail remained the freeholder on the sites with a 150-year lease.[3] Network Rail was compelled to make the sale in a 2015 deal with chancellor George Osborne in exchange for funding for rail infrastructure upgrades.[4].
There was some push back of the deal by existing tenants.[5] 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."[6]
References
[edit]- ^ "Small Businesses in Railway Arches". House of Commons Hansard. 22 March 2023.
- ^ "Network Rail sells arches to investment funds for £1.46bn". Guernsey Press. 10 September 2018.
- ^ Davies, Rob (10 September 2018). "Network Rail sells railway arches to investors for £1.5bn". The Guardian.
- ^ "Network Rail sell-off to fund upgrades". BBC News. 25 November 2015.
- ^ "This article is more than 5 years old Railway arch shops face eviction after rent rises of up to 85%". The Guardian. 1 June 2019.
- ^ "Network Rail's sale of railway arches" (PDF). House of Commons Committee of Public Accounts. September 9, 2019.
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