Press Release

Kirkland Advises Blackstone and Telereal on the £1.46 Billion Purchase of Network Rail’s Commercial Estate

Kirkland & Ellis LLP advised Blackstone Property Partners and Telereal Trillium on their acquisition of UK Network Rail’s commercial business estate. Proceeds from the £1.46 billion transaction will help fund the UK railway upgrade plan, bringing major improvements for passengers and reducing the need for taxpayers to fund the railway. More information on the transaction is available in Telereal and Blackstone’s press release.

The Kirkland team was led by corporate partner Michael Steele and included corporate partner Carlos Gil Rivas and associate Syed Murshed, tax partners Jonathan Kandel, Frixos Hatjantonas and Ian Ferreira and associates Cian O'Connor and Anthony Antioch, technology & IP transactions partner Emma Flett and associates Eleanor Harley and Jennifer Wilson, litigation partners Chris Colbridge and Richard Boynton, and antitrust partner Paula Riedel and associate Shane Cranley.