trending Market Intelligence /marketintelligence/en/news-insights/trending/g6nbjer78olfqgrgvxgrcw2 content esgSubNav
In This List

Blackstone, Telereal to buy commercial portfolio from Network Rail for £1.46B

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


Blackstone, Telereal to buy commercial portfolio from Network Rail for £1.46B

Network Rail agreed to sell its commercial estate portfolio to Blackstone Property Partners and Telereal Trillium Ltd. for £1.46 billion.

The portfolio contains about 5,200 properties, which mainly consist of converted railway arches.

The proceeds generated from the deal have been earmarked for a railway upgrade plan, bringing passenger-level improvements and decreasing the taxpayer burden in funding the railway.

Telereal and Blackstone will own equal stakes in the assets and plan to be long-term holders. Telereal will manage the portfolio.