Rail News

MTR Appoints John Robinson as Head of Property for European Business

MTR Corporation Ltd, a leading operator of urban and airport rail systems headquartered in Hong Kong that runs Hong Kong’s Mass Transit Railway (MTR) along with other rapid transit systems around the world, such as in Sydney and Stockholm, has appointed John Robinson as its Head of Property for European Business. Robinson is an experienced chartered surveyor who has worked on numerous other property development schemes. The corporation has appointed him to expand its successful ‘Rail plus Property’ (R+P) model.

John Robinson
© MTR Corporation Ltd

MTR’s ‘Rail plus Property’ model

In order to run profitable transit systems, MTR has an agreement with the government of Hong Kong where the government gives MTR land development rights at stations and depots along a line it wishes to build. When MTR wants to take advantage of these rights it pays the government for the land but calculating its value without the railway line. Next MTR partners with private developers to build properties on this land and in turn gets a share of the profits. By allowing MTR Corporation to tap into the increase in land value its lines bring, MTR can invest in new projects and maintenance.

Related Post:  UITP and ITF Sign Important Agreement for Women in Public Transport

Exporting R+P to the world

MTR has completed several ‘Rail plus Property’ projects around the world, including several in China. It has developed 39 stations in Hong Kong, providing 100,000 residential units and more than 2 million square metres of commercial space, and delivered the South Island Line, which links the city’s southern district to its business area. It has also recently completed its first mixed residential and commercial property development in Shenzhen on the mainland. By appointing John Robinson MTR hopes to expand this model in Europe.

Jeremy Long, MTR’s CEO of European Business, 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.”

MTR was included in the 2017 Fortune list of top 50 “Change the World” companies because of its sustainable approach to developing property around railway stations.

Related Post:  Siemens UK: Gender Pay Gap at Almost 20 Percent


News categories

    07 Jan 2019
    MTR Corporation Gets New Generation of Light Rail Vehicles
    08 Oct 2018
    Almost 1 Million Passenger Journeys on Hong Kong High-Speed Rail to Date
    26 Sep 2018
    Services Start on Guangzhou-Shenzhen-Hong Kong High-Speed Rail
    30 Aug 2018
    MTR Will Operate Guangzhou-Shenzhen-Hong Kong High-Speed Rail Line
    17 Aug 2018
    High-Speed Rail Service Between China and Hong Kong Reaches Milestone
    27 Jul 2018
    MTR Announces Details of New Hong Kong Station and Staff Uniforms
    30 Mar 2018
    MTR’s Hong Kong Express Rail Link Enters Final Preparation Phase
    02 Mar 2018
    Thales: Putting Big Data to Work for Transport Operators and Passengers
    Subscribe to Railway-News
    Get the latest contract alerts and Railway News emailed directly to your inbox.

    We respect your privacy and take protecting it seriously.

    Please tick to confirm you would like to receive emails we think may be of interest to you. We sometimes tailor the content you see to what we think you'll find interesting, and so monitor your interaction with our website and email content (find out more).