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Network Rail to divest commercial estate for £1.46bn

Sep 12, 2018 - Marketline Newswire

Network Rail has agreed to sell a chunk of its commercial estate portfolio to Telereal Trillium and Blackstone Property Partners in a £1.4bn deal to help fund the UK railway upgrade plan.

The deal is intended to help Network Rail carry out major improvements for passengers and reduce its reliance on taxpayers.Following completion of the deal, Telereal and Blackstone will own equal interests and aim to be long-term owners of the estate.The companies have announced what they call a &...