Telereal Trillium Ltd is a

commercial property Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. Commercial property includes office ...

management, development and investment company, headquartered in central

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

, England. The company is privately owned by the Bernard Pears 1967 Trust and its management. Preference shares are held by the William Pears Group and management. Telereal Trillium was contracted by the Department for Work and Pensions to manage job centres and other buildings through March 2018. It also entered a 20 year contract to manage property used by the

DVLA The Driver and Vehicle Licensing Agency (DVLA; cy, Asiantaeth Trwyddedu Gyrwyr a Cherbydau) is the organisation of the UK government responsible for maintaining a database of drivers in Great Britain and a database of vehicles for the enti ...

beginning in April 2005. Telereal Trillium bought Network Rail's arches portfolio in joint venture with Blackstone Property Partners for £1.46bn in 2018.

History

Trillium was formed in 1997, to acquire the property portfolio of the

Department for Work and Pensions , type = Department , seal = , logo = Department for Work and Pensions logo.svg , logo_width = 166px , formed = , preceding1 = , jurisdiction = Government of the United Kingdom , headquarters = Caxton House7th Floor6–12 Tothill Stree ...

, which it did in 1998. Acquired by

Land Securities Land Securities Group plc is the largest commercial property development and investment company in the United Kingdom. The firm became a real estate investment trust (REIT) when REITs were introduced in the United Kingdom in January 2007. It is ...

in 2000, the company was renamed Land Securities Trillium. In 2001, the 50/50 joint-venture company Telereal was established with William Pears Ltd, to acquire the property portfolio of

British Telecom BT Group plc (trading as BT and formerly British Telecom) is a British multinational telecommunications holding company headquartered in London, England. It has operations in around 180 countries and is the largest provider of fixed-line, b ...

for £2.3Bn. In 2002, Telereal began managing the property portfolios of O2 and Airwave. In 2004, Trillium signed property management agreements with

Norwich Union Norwich Union was the name of insurance company Aviva's British arm before June 2009. It was originally established in 1797. It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index. On 29 April 2008, Aviva ...

and

Barclays Bank Barclays () is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. Barclays traces ...

. After Pears bought the remaining 50% interest in Telereal in 2005, the company completed the purchase of the property portfolio of the

under a 20-year deal. In 2008, Trillium signed deals to manage the property portfolios of the

Royal Mail , kw, Postya Riel, ga, An Post Ríoga , logo = Royal Mail.svg , logo_size = 250px , type = Public limited company , traded_as = , foundation = , founder = Henry VIII , location = London, England, UK , key_people = * Keith Williams ...

and

Birmingham City Council Birmingham City Council is the local government body responsible for the governance of the City of Birmingham in England, which has been a metropolitan district since 1974. It is the most populated local council area in the United Kingdom ...

. It then bought the project management division of

AMEC Amec Foster Wheeler plc was a British multinational consultancy, engineering and project management company headquartered in London, United Kingdom. In October 2017, it was acquired by Wood Group. It was focused on the Oil, Gas & Chemicals, M ...

, and then bought the office and branch properties of the

Royal Bank of Scotland The Royal Bank of Scotland plc (RBS; gd, Banca Rìoghail na h-Alba) is a major retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest (in England and Wales) and Ulster B ...

in partnership with the

Prudential plc Prudential plc is a British multinational insurance company headquartered in London, England. It was founded in London in May 1848 to provide loans to professional and working people. Prudential has dual primary listings on the London Stock E ...

Investment Management Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be instit ...

. In 2009, after selling

Aviva Aviva plc is a British multinational insurance company headquartered in London, England. It has about 18 million customers across its core markets of the United Kingdom, Ireland and Canada. In the United Kingdom, Aviva is the largest general ...

Norwich Norwich () is a cathedral city and district of Norfolk, England, of which it is the county town. Norwich is by the River Wensum, about north-east of London, north of Ipswich and east of Peterborough. As the seat of the Episcopal see, See of ...

headquarters for £134 million, Land Securities sold Trillium (excluding the

Accor Hotels Accor S.A. is a French multinational hospitality company that owns, manages and franchises hotels, resorts and vacation properties. It is the largest hospitality company in Europe, and the sixth largest hospitality company worldwide. Accor op ...

portfolio), to Telereal for £750 million, to form Telereal Trillium. The group then sold its 10% stake in the £1.3 billion Trillium Investment Partners fund, which invested in public-private partnerships covering at that point 108 assets including

University College Hospital University College Hospital (UCH) is a teaching hospital in the Fitzrovia area of the London Borough of Camden, England. The hospital, which was founded as the North London Hospital in 1834, is closely associated with University College Lon ...

, London, to existing investors in the fund, which then renamed itself Semperian. In January 2010, the company placed the majority of the

assets it owned up for sale, for a sum of £475 million. In November 2010, the UK Government revealed that Telereal Trillium was one of the top private companies in receipt of government spending, with a total annual expenditure of £284 million on property services.

Corporate affairs

Telereal Trillium owns more than 12,000 properties in the U.K. and is valued at more than £8 billion. As of 2018, Telereal Trillium holdings portfolio has a total floor area of 79 million square feet. The company's holdings have ranged from London landmark buildings to residential developments."Top Track 100: Telereal Trillium". The Sunday Times. 2012. Retrieved 16 April 2018.

References

External links

Official site
{{Authority control Companies established in 1997 Property companies based in London Pears family