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Telereal Announces First Disposal of $3.5B Portfolio

LONDON-Telereal, which bought BT's pounds 2.38 billion ($3.5 billion) operational portfolio last year, has made its first sale.

By Anita Howarth | Updated on August 28, 2002

LONDON-Telereal, a joint venture between Land Securities Trillium and William Pears Group, has made its first sale since it acquired BT’s £2.38 billion ($3.5 billion) property portfolio at the end of last year.

The privately owned Rotch Group has paid £270 million ($414 million) for six office buildings properties, three in England, two in Scotland and one in Northern Ireland.

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