Network Rail agrees £1.46bn commercial estate sale to Telereal Trillium and The Blackstone Group

Network Rail has agreed terms with Telereal Trillium and Blackstone Property Partners for the sale of its commercial estate portfolio. Proceeds from the £1.46 billion transaction will help fund the railway upgrade plan, bringing major improvements for passengers and reducing the need for taxpayers to fund the railway. Telereal and Blackstone will hold equal ownership stakes and intend to be long-term owners of the estate.