Telereal Trillium (now styled TT Group) is a commercial property investment, development and management company, headquartered in central

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

, England. The majority ownership of TT Group is privately held by three funds settled under the Bernard Pears 1967 Family Trust. The minority ownership of TT Group is held by an employee benefit trust.

History

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

Department for Work and Pensions The Department for Work and Pensions (DWP) is a Departments of the Government of the United Kingdom, ministerial department of the Government of the United Kingdom. It is responsible for welfare spending, welfare, pensions and child maintenance ...

, which it did in 1998. Acquired by

Land Securities Land Securities Group plc, trading as Landsec, 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 i ...

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 (formerly British Telecom) is a British Multinational corporation, multinational telecommunications holding company headquartered in London, England. It has operations in around 180 countries and is the largest provider of fixed-li ...

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 a ...

and

Barclays Bank Barclays PLC (, occasionally ) 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 ...

. After Pears bought the remaining 50% interest in Telereal in 2005, the company completed the purchase of the property portfolio of the DVLA under a 20-year deal. In 2008, Trillium signed deals to manage the property portfolios of the

Royal Mail Royal Mail Group Limited, trading as Royal Mail, is a British postal service and courier company. It is owned by International Distribution Services. It operates the brands Royal Mail (letters and parcels) and Parcelforce Worldwide (parcels) ...

and

Birmingham City Council Birmingham City Council is the local authority for the city of Birmingham in the West Midlands, England. Birmingham has had an elected local authority since 1838, which has been reformed several times. Since 1974 the council has been a metropo ...

. 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, ...

, and then bought the office and branch properties of the

Royal Bank of Scotland The Royal Bank of Scotland Public Limited Company () is a major retail banking, retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest and Ulster Bank. The Royal Bank of Sco ...

in partnership with the

Prudential plc Prudential plc is a British-domiciled Multinational corporation, multinational insurance and asset management company headquartered in London and Hong Kong. It was founded in London in May 1848 to provide loans to professional and working peop ...

Investment Management. In 2009, after selling

Aviva Aviva plc is a British multinational insurance company headquartered in London, England. It has about 19 million customers across its core markets of the United Kingdom, Ireland and Canada. In the United Kingdom, Aviva is the largest general ...

's Norwich headquarters for £134 million,

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 ope ...

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 Lo ...

, to existing investors in the fund, which then renamed itself

Semperian Semperian is an investment fund based in Jersey Jersey ( ; ), officially the Bailiwick of Jersey, is an autonomous and self-governing island territory of the British Islands. Although as a British Crown Dependency it is not a sovereign ...

. In January 2010, the company placed the majority of the

assets it owned up for sale, for a sum of £475 million. In 2015 the company acquired Lands Improvement Holdings from Blackrock. In 2019, in 50:50 joint venture with Blackstone Property Partners, the company acquired £1.46bn of

Network Rail Network Rail Limited is the owner (via its subsidiary Network Rail Infrastructure Limited, which was known as Railtrack plc before 2002) and railway infrastructure manager, infrastructure manager of most of the railway network in Great Britain. ...

's commercial estate, forming The Arch Company.

References

External links

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