Land Securities has bought Trillium for £330m.
The move indicates LandSec is abandoning its traditional approach to real estate. Trillium has pioneered a strategy of taking on the ownership and servicing of corporate and government property for groups that have chosen not to have property as their core activity.
LandSec will look at extending some of Trilliums tenant-servicing capability to it existing portfolio.
Financial Times 03/11/00 page 21 (Observer), page 25
The Times 03/11/00 page 28
The Independent 03/11/00 page 17
The Guardian 03/11/00 page 28