UK REIT Land Securities Group has announced the successful closing of Trillium PPP Investment Partners (Trillium). Trillium was a £1.136 bn (EUR 1.45 bn) joint venture vehicle that allowed third party investors to gain exposure to Land Securities Trillium's Public Private Partnership contracts. Half of Trillium’s initial £1.136 bn (EUR 1.45 bn) capital was debt financed while the other half was equity. Due to strong demand Land Securities Trillium will retain a 10% stake as opposed to the originally planned 15%.
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