By Justin George Varghese, Reuters; September 10, 2018
(Reuters) – Britain’s Network Rail NETRAH.UL agreed to sell its commercial property portfolio to property outsourcing firm Telereal Trillium and a Blackstone Group (BX.N) affiliate for 1.46 billion pounds ($1.9 billion) as it pushes for further improvement of its railways.
Network Rail, the owner and infrastructure manager of most of the rail network in Britain, said the sale consisted of about 5,200 properties, the majority of which are converted railway arches.
Click here to read the full story.