Network Rail and Platform4 acquire Barking Eurohub site

Network Rail and Platform4's acquisition of the Barking Eurohub site from Legal & General, backed by the Department for Transport, signifies a strategic move to bolster international logistics capabilities in east London. The planned £15 million investment aims to transform the site into a modern logistics hub, leveraging Network Rail's existing infrastructure expertise and Platform4's property development capabilities. This acquisition aligns with the Department for Transport's broader objective of enhancing the UK's transport infrastructure and promoting efficient freight movement. National Rail Corporation is also involved as a buyer. The deal is notable for the involvement of key players in the UK's transport sector, including Network Rail, a major infrastructure owner, and the Department for Transport, a significant backer of transport projects. Legal & General's divestment suggests a portfolio realignment within their infrastructure investment strategy. The relatively modest £15 million investment, while significant for the site's transformation, indicates a focused and targeted approach to improving existing infrastructure rather than a large-scale greenfield development. The deal's announcement in 2026 suggests a forward-looking strategy for enhancing logistics capacity.