MD1342 Transfer of land to Network Rail

The London Development Agency (LDA) made a Compulsory Purchase Order (CPO) in 2004 to assemble and acquire land in multiple ownerships as part of its Wembley Regeneration project. The LDA compulsorily acquired Network Rail’s (NR) freehold interest in the land. NR has constructed operational cabinets, in error partly on land transferred to the LDA and now owned by GLA Land and Property (GLAP). This small parcel of land is not necessary for the Wembley Regeneration project and has no market value. It is proposed that GLAP transfers the freehold of the land to NR at a nominal consideration, together with a small area of land in GLAP ownership which appears to be part of the platform of the NR station.