This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Land Securities closes TrilliumPartners PPP JV

18 March 2008

Land Securities Group PLC has today announced the successful closing of Trillium PPP
Investment Partners (Trillium Partners), the £1.136bn joint venture established to enable third party investors to gain exposure to Land Securities Trillium’s Public Private Partnership contracts (including its Public Finance Initiative work).

Trillium Partners has been established with an initial capital of £1.136bn of which half is debt financed and half equity. The strong demand has meant that Land Securities Trillium will only retain a 10% stake against the originally stated intention to hold 15%. Equity partners are Halifax Bank of Scotland plc through its wholly owned subsidiary, Uberior Infrastructure Investments, Victorian Funds Management Corporation of Australia, funds from Bank of Ireland, Transport for London Pension Fund, Lloyds TSB, London Pensions Fund Authority and pension funds operated by Daily Mail General Trust plc.

Trillium Partners is the largest investment vehicle of its kind focused on PPP contracts and aims to grow progressively over the next five years to an invested value of nearly £2bn through the acquisition of mature operational PPP assets.

Commenting on the closing of Trillium Partners, Land Securities’ Chief Executive Francis
Salway said: “The successful closing of Trillium Partners on time and in line with expectations is a tremendous achievement. This marks an extremely encouraging start for Trillium Partners which will acquire projects from Land Securities Trillium and look to grow on the back of its financial strength, the expertise of the Trillium management team and the growing opportunities that we continue to see in the Public Private Partnership market.”

Land Securities is a Real Estate Investment Trust with a national portfolio of commercial property worth over £14bn including 60 retail parks and shopping centres. Half its portfolio is in London including Piccadilly Lights and Westminster City Hall and it is developing mixed-use schemes such as Cardinal Place, Victoria and New Street Square in mid-town. Land Securities has property outsourcing and partnerships through Land Securities Trillium.


Contact Details and Archive...

Print this page | E-mail this page

https://www.dettol.co.uk/
https://www.floorbrite.co.uk/


MOST VIEWED...

View more articles
Article image

PPE regulations to be extended from April

According to the Health and Safety Executive (HSE) the Personal Protective Equipment at Work (Amendment) Regulations 2022 (PPER 2022) will come into effect...
Article image

Center Parcs goes cashless with Systopia

Systopia, which deals with cashless payment systems, has secured a contract with UK Short Break Operator Center Parcs to provide cashless payment systems i...
Article image

Launch of PFM Partnership Awards 2022 categories

With the categories for the PFM Partnership Awards 2022 now live, entries can be submitted at any time between now and the deadline of Wednesday, 11 May....

Issues of back flushing PIC valves explained

The popularity of Pressure Independent Control (PIC) valves over the last few years has significantly increased and now are the popular choice of many syst...
Article image

Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the r...
http://edition.pagesuite-professional.co.uk/Launch.aspx?PBID=78915b1c-0f11-4b5e-9468-ba601ad89761
https://www.uhubglobal.com/