Profits from build-to-rent schemes help offset shortfalls in transport revenues The head of Transport for London’s commercial arm has said he expects the division to generate more than £300m this year for the transport body, whose most recent annual accounts showed a £1bn operating deficit. Graeme Craig said the commercial arm had provided a net surplus of £200m to TfL last year — mostly from advertising and rental income — and was hoping to increase that by at least 50 per cent in the ...
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