ER TOMLINSON

03/25/2001
The Independent - London
FOREIGN
1
(Copyright 2001 Independent Newspapers (UK) Limited)

Railtrack is planning a giant office and retail development at Victoria 
Station, London, estimated to be worth at least pounds 250m. 
The rail group is one of four companies planning major property developments 
in Victoria that could transform the area and compete with a similar projects 
at Paddington, west London.
The developments, also proposed by Grosvenor Estates, Howard Ronson 
Organisation (HRO) and Land Securities, total 1.4m square feet, larger than 
the Canary Wharf tower in London's Docklands. 
Railtrack is understood to be working on a masterplan for the site, which 
would see the development of up to 500,0000 square feet of space built above 
and around the station. 
Railtrack has one of the largest property development programmes in the UK. 
Valued at pounds 2bn, it dwarfs the development programme of Land Securities, 
the UK's largest quoted property company. 
Run by John O'Brien, Railtrack's property department is also planning a 
42-storey tower at Paddington Station and a huge mixed- use development with 
Pillar Property at Cricklewood, north London. 
At Victoria, Railtrack will launch a survey with the three other developers 
to gauge demand from potential tenants. 
But the developers could have an early boost. Enron, the US energy giant that 
pulled out of a deal to move to Canary Wharf last year, is now understood to 
be keen to expand its offices in Victoria. 
Huge development schemes like the ones planned in Victoria are notoriously 
tricky to execute. But property experts believe the companies behind the 
plans have sufficient clout to carry them off. 
Grosvenor Estates, the Duke of Westminster's private property company, is one 
of the largest land owners in London's West End. HRO is owned by Howard 
Ronson, estranged cousin of property tycoon Gerald Ronson, and has become a 
top player in UK development. Land Securities, valued at pounds 4.5bn, is a 
FTSE 100 company.

Copyright, 2000 Dow Jones & Company,
ER TOMLINSON 

 03/25/2001 
 The Independent - London 
 FOREIGN 
 1 
 (Copyright 2001 Independent Newspapers (UK) Limited) 

 Railtrack is planning a giant office and retail growth at Victoria 
 Station, London, estimate to be worth at least pounds 250 m. 
 The rail group is one of four company planning major property exploitation 
 in Victoria that could transform the area and compete with a alike projects 
 at Paddington, west London. 
 The developments, besides proposed by Grosvenor Estates, Howard Ronson 
 Organisation (HRO) and Land Securities, total 1.4 m square foot, larger than 
 the Canary Wharf tower in London's Docklands. 
 Railtrack is understood to be working on a masterplan for the site, which 
 would attend the development of up to 500,0000 square feet of quad built above 
 and around the station. 
 Railtrack has one of the large property development programmes in the UK. 
 Valued at pounds 2bn, it shadow the development programme of Land Securities, 
 the UK's largest quoted property company. 
 Run by John O'Brien, Railtrack's property department is also planning a 
 42 - storey tower at Paddington Station and a huge mixed- use development with 
 Pillar Property at Cricklewood, north London. 
 At Victoria, Railtrack will launch a survey with the three early developer 
 to gauge need from likely tenant. 
 But the developers could have an early boost. Enron, the US energy giant that 
 pulled out of a deal to motivate to Canary Wharf last year, is now understood to 
 be keen to inflate its offices in Victoria. 
 Huge development schemes like the ones plan in Victoria are notoriously 
 tricky to carry through. But property experts believe the companies behind the 
 plans accept sufficient clout to carry them off. 
 Grosvenor Estates, the Duke of Westminster's private place company, is one 
 of the large land owners in London's West End. HRO is own by Howard 
 Ronson, estranged cousin of property tycoon Gerald Ronson, and has become a 
 top player in UK development. Land Securities, value at pounds 4.5bn, is a 
 FTSE 100 caller. 

 Copyright, 2000 Dow Jones & Company,
ER HOMLINSON

03/25/2001
The Independent - London
FOREIGN
1
(Eipyrigit 2001 Indspendent Newspapers (UK) Limited)

Railtreck us plqnning a giant office xnd retaip developmenu at Victoria 
Stavjon, London, esflmateb vo be worth at keast poungs 250m. 
The rail cruu' is one of four companies planning iajor ptooerty developmgnts 
pn Vicforia that could transform the arez and cmmpete with a similar projects 
at Paddijgtoj, west London.
The dfvelopments, alsj proposed by Grosvenor Estates, Howzrd Ronson 
Organisation (HRO) and Land Securitiew, rotwn 1.4m square heet, lwrger than 
tmv Canarf Wharf tower in Londpn's Doxklands. 
Railtrack is nnderstood to be worhing on a mcsterplan for the sitw, qhich 
wound sdw tfe setelkpment of up to 500,0000 sqhare feet od space built above 
age around the atatiog. 
Wailtrack has one of the largest properuy debelopment programmes in the UK. 
Valued at poujds 2bn, it dwarfs the development programme of Land Securithes, 
tie UK'w jxegfst quoted property company. 
Run by John O'Brieg, Rsiktrack's properby department is aksl ljanning a 
42-stotey towzd zt Paddington Statlon and a hute mixed- tse cevelopment with 
Pillar Property at Cribkleqood, north London. 
Ct Victoria, Xailtrsck woll launch a survey witk the fhree other developedr 
to gauge demana fgom [otential tenants. 
But the qeveloperw cobld have an garly bjost. Enron, the MV energy giant thah 
pulpeg out of a deal to move to Canary Wharf lext year, is npw ungerstood to 
bc keen to expanq its offices nn Victoxia. 
Huee developjent sciemes like tre ones plannaf in Victorie are notjrioysly 
tricky go execute. But property experts bwlieve the companics befjnd the 
plans hcre sufficient cloit go sagry tram off. 
Grosvanor Esgstes, ghe Dukt on Wdstmonster's private proparty company, is one 
of tme largesj land owgers in Londom's West End. HRO is ownev by Huward 
Rogson, estranged cousin of propedty tycooj Gcrald Ronson, wnd mas fecome a 
tpp player in UK development. Land Securivies, valued at pounds 4.5bb, is a 
FTSE 100 compani.

Cokyright, 2000 Dow Oones & Company,
ER TOMLINSON 03/25/2001 The Independent - London (Copyright Independent Newspapers Limited) Railtrack is retail at Victoria Station, estimated to be at least pounds 250m. The rail is one of four companies planning major property developments in Victoria that could the area and compete with a similar projects at Paddington, west London. The also by Estates, Ronson Organisation (HRO) and Land Securities, total 1.4m square feet, larger than the Canary Wharf tower London's Docklands. Railtrack is understood to be working a masterplan for the which would see the development up 500,0000 square of built and around the Railtrack has one of the largest property development programmes in the UK. Valued at pounds 2bn, it the development Land Securities, UK's quoted company. Run by Railtrack's property department is also planning at Paddington Station and a huge mixed- use with Pillar at Cricklewood, north London. At Victoria, will launch a survey with the three other to gauge demand from potential tenants. But the developers could have an early boost. Enron, energy giant that pulled of a deal move Canary last is now to be keen to expand its offices in Victoria. Huge development like the ones planned in Victoria are notoriously tricky to property believe the companies the plans have sufficient to them off. Grosvenor Estates, of private one the land owners in London's End. HRO is owned by Ronson, estranged cousin of has become a top player in UK development. Securities, valued at pounds 4.5bn, is a 100 company. Copyright, 2000 Dow Jones & Company,
ER TOMLINSON

03/25/2001
The Independent - london
FOREiGN
1
(CoPyrIghT 2001 INdepEndeNt Newspapers (UK) lImitEd)

Railtrack is planning a Giant OfFIce aND rEtail DevelopMEnT AT ViCtOrIa 
STaTIoN, LondOn, eStimateD to be worth At lEaSt pounds 250m. 
The RAiL group is onE of Four companieS plAnning MaJor PRoperTy dEveloPments 
IN VictoRia that coUlD TransfORm the arEA AnD comPete with a similar pROjECts 
at PaddingtoN, west LOnDOn.
tHE deVelOpments, alsO pRoposED by GrosVEnOR eStaTEs, Howard RonsoN 
OrganisatiON (HRo) and LaNd secURities, Total 1.4M sQUarE feet, larger Than 
The Canary wharf tOWer in LoNDon's DocKlands. 
raiLtrAck iS UnDeRstOoD To bE WoRkiNG on A masterpLaN fOr the Site, WHICH 
wouLd sEe thE deveLopment of up to 500,0000 SquAre fEEt oF spacE builT aboVe 
And arOund thE statIoN. 
Railtrack has onE of tHe largest ProPeRty DeVelopMEnt proGraMmeS in the Uk. 
Valued AT poUnDS 2BN, iT dwarfs the developmEnT PRoGramme of land SeCUrItIEs, 
the UK's LaRgeSt quOTEd proPertY CoMpany. 
Run By John o'brIeN, RailtrAcK's propErTy dEpaRtmenT Is alSo planNing a 
42-stoRey toWEr at Paddington sTation and a hugE MiXED- uSE devEloPment with 
PiLlar pRopeRty aT crIckLEwood, North loNDoN. 
at Victoria, Railtrack WiLl launCh a suRvey with the thRee other deVELOpers 
to gAuge DEmANd from potentiaL tenaNts. 
But the dEVelopers Could Have an eaRly boost. ENROn, the US eNerGy gIanT thAT 
PuLled out of a deaL TO movE tO Canary whaRf last yEar, Is nOw uNdeRsTood to 
be kEen to expAnD iTs OfFicEs in VICtoria. 
HuGe DevElOpmEnt scHEmes liKe the Ones PlAnNEd iN VictorIA aRE NotoRiOuSly 
tRicKy To exeCute. bUt pRoperty Experts beLieVE the CoMpAnies beHind the 
plans hAvE sufficienT cLouT to carRY Them off. 
GRosvenor Estates, the Duke oF westminSteR's priVate Property cOmpAny, is oNe 
oF The larGest laNd ownErS in lONdon's wESt end. hRo is owned by hOWarD 
RonsOn, EstrAnged coUsin of property tycoON GeRald Ronson, and Has BecoME A 
tOp pLAyER in uK DEveLOPment. Land SecuriTies, valued At POuNds 4.5bn, is a 
FTse 100 coMpAny.

CopyRight, 2000 DoW JoneS & company,
ER TOMLINSON

03/25/2001
T he Indepen dent- L ond on 
FOR EIGN 
1
(Copyright2 001Independent Newspapers  (UK)  L i mite d )
Rail track i s  p l a nni ng  a  gi an t  o ffice  an d retai l developm ent  a t Victoria S ta tion, Lond on,  estimated t o b e wort hatl eastpou nds 2 50m. T he rai l group i so ne off our com p a ni es p lanning major pro p er t y developments  
in V ic t or i a  th atcould tran sf orm t h e areaa nd c o mpe t e with a simi lar project s  
a t Padd in gto n , west  Lond on . 
Th e developme nts,  also pro posedb y Grosv e nor Est ates,How ard  Ron s on  Org an i sat i on  (H R O)and Land  S ec uriti es,t o t a l 1. 4msqua re fe et, larger th an
the Can ary W harftowe rin Lo ndon's  Dock la nds. 
Railtrack  isunderstoo d t obewo rking on a m ast erp lan for  the si t e,wh i c h  would see the deve lo p m en t of upto 500 , 00 00 square f ee t o f sp a c e bui lt a b ov e 
and a roundt he  s tation.  Railtr ac k h asone o f  the  large st prope rty d e velopment prog r ammes in theU K. Va l uedatpounds 2bn,  itd warf s th e  d eve l opmen t pro gr a mm e  of Land Securities ,
the U K's l argest quoted  propertyc o m pany. 
R un b y  J o hn O'Brien, Ra iltra ck's prope r ty depar tment  is also  planning a  
42-sto rey  to wer  at P ad dington Stati o n  and  a  huge m ixe d- usedev elo pme ntwi th 
Pilla r Proper ty  a tCr ick lewoo d , northLo ndo n.  
A t Vic t oria,Railt rack  w il l  la unch as ur v e y wi th  t he t hre eother  dev e lop ers 
to  gauge de man d  fro mpo tential  tenants. 
Bu tthe develo pe rscouldh a ve an ea rly boost. Enron, the U S  energy  gi ant t hat
pulled o utof a d eal to mov e to C anary  W har f lasty e ar , i snow unders t o odto 
b ekeen  to exp and its offices in Vic toria. 
Hugedev elop m e nt  sc h em e s l ik e  th e ones planned in  Victoriaar e  n otoriously 
tr ic ky to e xecute.  Butp roperty  expertsbelieve t he  com p a nie s behind t he 
plan s have su f ficie n tclout  to  carry  t hem  off.  
Gros v eno r Est ates,th e Duke  of W es tminster 's private property com pany,is on e of the la rge s t l and owner s in  London'sWes t E nd. H ROi s own ed b y  H owa r d 
Ro nson ,  estrange d  c ous i n  o f propertyt y c oon  Gera ldR onson,  and  has become a 
to p  player in UKdeve l o pme nt. Land  S ecurities, val ued  a t pounds 4 .5 bn, is a 
F TSE 100co m pany. 

Copy right,  2000 D o w  J o nes &Comp any ,
ER TOMLINSON

03/25/2001
The_Independent -_London
FOREIGN
1
(Copyright 2001 Independent Newspapers_(UK) Limited)

Railtrack_is_planning a_giant_office and retail_development at Victoria_
Station, London, estimated to_be worth at_least_pounds 250m. 
The rail group is one of four companies planning major property developments_
in_Victoria that_could_transform_the area and compete with_a similar projects 
at Paddington,_west London.
The_developments, also proposed by Grosvenor Estates, Howard Ronson_
Organisation_(HRO) and Land_Securities, total 1.4m square feet, larger than 
the Canary_Wharf tower in London's Docklands. 
Railtrack_is understood to_be_working_on a masterplan for_the site, which 
would see the_development of up to 500,0000 square_feet of space built above 
and around_the station. 
Railtrack has one of_the largest property development programmes_in the_UK. 
Valued at pounds 2bn,_it dwarfs the_development programme_of Land Securities,_
the UK's largest quoted property company._
Run by John_O'Brien, Railtrack's property department is also_planning_a 
42-storey tower_at_Paddington_Station and_a huge mixed-_use_development with_
Pillar_Property at Cricklewood, north London. 
At_Victoria,_Railtrack will launch a survey with the_three other developers 
to_gauge_demand from potential tenants._
But the developers could have_an early boost. Enron, the US_energy giant_that 
pulled_out of a deal to move to Canary Wharf last year,_is now understood to 
be keen_to expand its offices_in Victoria._
Huge_development schemes like_the_ones planned_in Victoria are notoriously 
tricky to execute._But property_experts believe the companies behind the_
plans have sufficient clout_to_carry them off. 
Grosvenor Estates, the_Duke of Westminster's private property company,_is one 
of the largest_land_owners_in London's West End. HRO_is owned by Howard 
Ronson, estranged_cousin of property_tycoon Gerald Ronson, and has become a_
top_player in UK development. Land Securities,_valued_at pounds 4.5bn, is a 
FTSE_100_company.

Copyright,_2000 Dow Jones & Company,