Telereal Trillium agrees debt

elereal Trillium, the property investment vehicle owned by the William Pears Group, has pulled off a £340m debt refinancing with four banks.

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The restructure, one of the biggest transactions this year, was arranged between Telereal Trillium and Barclays, Lloyds, Germany’s Eurohypo and Spain’s Santander. Graham Edwards, Telereal Trillium’s chief executive, said: “We are very grateful to our banking partners for their support in concluding this transaction considering the challenging economic environment.” The deal is the final part of a refinancing following the £750m acquisition of Trillium by the William Pears family’s Telereal in January this year.