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New Deal


Announced

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

Financials

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Transaction Value£1,460m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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converted railway arches

commercial property

Real Estate Holding and Development

United Kingdom

Private

Disposal

Pending

Friendly

Private Equity

Synopsis

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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.

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