Telereal Trillium agrees debt

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

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.