The commercial director of the hugely successful Stansted Airport is to join Network Rail’s property division.
Jonathan Crick will be commercial director of retail, focusing on boosting retail investment at Network Rail’s 17 managed stations, including Britain’s busiest, King’s Cross, Liverpool Street and Waterloo.
The role also oversees advertising, car parks and other commercial contracts at stations.
Says Network Rail’s director of property David Biggs, ‘Britain relies on rail, and commercial revenue is a vital funding stream for Network Rail. We are at a crucial phase in delivering our vision for retail, as we work to create ever better environments for passengers and shoppers, transforming stations into destinations in their own right.
‘Jonathan’s extensive commercial experience across the travel sector will be a major asset to our team, helping us to achieve our commercial goals and deliver even greater value for the British people.’
Joining from BAA, Jonathan currently holds the post of commercial director at Stansted Airport, responsible for retail, property and aviation. He was previously chief executive of easyBus and before that was sales and marketing director, Monarch Airlines.
During the last three years, Network Rail has generated over £390m of revenue from retail activity. The total revenue forecast for all property activities over a five-year period ending March 2014, including business estate and developments, is £1.3bn.
All profits are reinvested straight back into the railway. Network Rail has over 520,000 sq ft of high footfall retail space at its 17 managed stations. Retail sales results at these stations have outperformed the high street during much of the recession.