Three preliminary bids for Trillium, the property outsourcing arm of Land Securities, have come in below a £1.4bn (EUR 1.8bn) valuation, according to a report in PropertyWeek, increasing the likelihood that the UK company could go forward with an alternative to float Trillium on the stock exchange at a later date.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
