URC owns a substantial portfolio of land and property located across the country, many of which include residential and commercial buildings; warehouses and workshops; railway corridors and station reserves; marine ports and piers.
URC’s residential properties are located at several railway stations across the country including Kasese, Kamwenge, Mityana, Musozi, Bujuuko, Masindi, Jinja, Kamuli, Kumi, Soroti, Tororo, Lira, Gulu, and Pakwach. In addition to this, URC owns three residential properties in Kenya.
The commercial portfolio comprises of rental office premises and warehouses located mostly in Kampala and Jinja. Additionally, all stations are developed with utility stores (goods sheds) for cargo handling and storage purposes.
Although most of URC’s land countrywide is made up of transient corridors for railway lines and associated facilities, it also owns prime land at stations and station reserves. Originally planned with future expansion in mind,most of the station reserves are in excess of 10 acres, with some of the land now having been earmarked for redevelopment in line with the changing Highest and Best Uses. The organizational strategic plan emphasizes the revamping and modernization of the corporation’s real estate portfolio into a competitive, professionally managed self-sustaining, and income generating asset base. All future real estate developments will bed by a commercial investment outlook involving private sector developers and financiers.
Future developments at Railway Stations will follow the modern trend of Transit-Oriented Development (TOD) models, which have been shown to be very successful worldwide by leveraging passenger train footfall into demand for commercial and residential real estate, directly developed and integrated into the railway stations. The TOD models maximizes the demand and supply synergies created by the passenger traffic in and around a railway station to drive demand for real estate at and around the station, with further knock-on effects including increasing municipal and state tax, employment opportunities, land use change, reduced urban traffic congestions, increased supply of affordable housing outside congested urban areas etc.