Announced
Financials
Sources
Tags
converted railway arches
commercial property
Real Estate Holding and Development
United Kingdom
Private
Disposal
Pending
Friendly
Private Equity
Synopsis
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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