Property Partnerships

Trillium provides Property Partnership services in the outsourcing and Public Private Partnership (PPP) markets. In the six months under review it generated 19.9% of the Group’s underlying operating profit, some £57.8m. This business now has 4.8 million m² of floorspace under ownership or management. It is involved in 123 long-term partnerships, providing accommodation services to more than 455,000 people.

Trillium delivered strong results for the six months under review and made excellent progress on its new business pipeline with £65m invested in seven new PPP acquisitions and a further £209m invested since the period end. In addition to the underlying operating profit of £57.8m, the business also generated £25.1m of profits on disposal.