| Type | Private company |
|---|---|
| Industry | Property |
| Founded | 1997 |
| Headquarters | London, United Kingdom |
| Key people | Ian Ellis (Executive Chairman)[1] Graham Edwards(Chief Executive)[2] |
| Products | Property Management, Property Investment |
| Revenue | £ |
| Operating income | £ |
| Net income | £ |
| Employees | 1,000 (2010) |
| Website | telerealtrillium.com |
Telereal Trillium Ltd is a commercial property management and investment company, headquartered in central London. It is wholly owned by the Pears family, via the William Pears Group and family trust-based holdings.[3]
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Trillium was formed in 1997,[3] to acquire the 1,500,000 square metres (16,000,000 sq ft) property portfolio of the Department of Work and Pensions, which it did in 1998.[1] Acquired by Land Securities in 2000, the company was renamed Land Securities Trillium.[3]
In 2000, the 50/50 joint-venture company Telereal was established with William Pears Ltd, to acquire the property portfolio of British Telecom for £2.1Bn.[4] Trillium itself bought the property portfolio of the BBC in the same year.[3] In 2002, Telereal began managing the property portfolios of O2 and Airwave. In 2004 Trillum signed property management agreements with Norwich Union and Barclays Bank. After William Pears bought Trillium out of the JV company Telereal in 2005, Trillium completed the purchase of the property portfolio of the DVLA under a 20 year deal.[3]
In 2008, Trillium signed deals to manage the property portfolio's of the Royal Mail and Birmingham City Council. It then bought the project management division of AMEC, and then bought the office and branch properties of the Royal Bank of Scotland in partnership with the Prudential plc Investment Management.[3]
In 2009, after selling Aviva's Norwich headquarters for £134m, Land Securities sold Trillium (excluding the Accor Hotels portfolio), to Telereal for £750M, to form Telereal Trillium.[3][5][6][7] The group then sold its 10% stake in the £1.3bn Trillium Investment Partners fund, which invested in public-private partnerships covering at that point 108 assets including University College Hospital, London, to existing investors in the fund, which then renamed itself Semperian.[2]
In January 2010, the company placed the majority of the RBoS assets it owned up for sale, for a sum of £475M.[8] 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 £284M on property services.[9] The company was the biggest cost outlay supplier to the Department of Work and Pensions.[10]