MTR Corporation has signalled a clear intention to develop opportunities under its Rail + Property model with the appointment of John Robinson as Head of Property for the European Business, announced today.
The appointment of Mr Robinson, a Chartered Surveyor with over 20 years’ experience of delivering a wide range of property development schemes in the UK, is the latest step towards bringing Rail + Property to Europe. Mr Robinson will work under Neil Walker, Business Development Executive of the European Business at MTR Corporation.
With the value and strategic location of property above and around stations being increasingly recognised in the UK, and the Government looking for new ways to support private investment in these projects, Mr Robinson’s appointment comes at the perfect time for MTR to capitalise on the broad scale of opportunity available.
MTR has an acknowledged track record of delivering Rail + Property projects, with property developments completed at 39 stations in Hong Kong providing some 100,000 residential units and more than 2 million square metres of commercial space. MTR recently also marked the completion of its first mixed residential and commercial property development in Shenzhen in Mainland China, and celebrated the first full year of service of the South Island Line in Hong Kong, an ambitious project linking the city’s southern district to its business area.
MTR’s Rail + Property model and sustainable approach to developing real estate in and around stations was also a key reason that MTR was included in the 2017 Fortune “Change the World” Top 50 list of companies making contributions to solving societal problems with smart business practices.
Jeremy Long, CEO European Business, MTR Corporation said:
“Developing above and around stations often brings with it added complexity of design or construction, but we see real potential for combining our railway operations and property development expertise here in Europe and giving greater focus to this in our overall development plans.”
Notes to Editors
Listed on the Hong Kong stock exchange, MTR has a market capitalisation of approximately £27 billion, and is included on the FTSE4Good and Dow Jones Sustainability Indexes. It won over 50 awards in 2017 for quality, customer service and sustainability.