Location: UK-wide
Description: A JV facilities & asset management company
Size: 7,400 properties under management
Strategy: Platform Business
The Trillium Group was formed to provide property solutions such as sale and leasebacks and facilities management for UK government departments and other major corporate owners and occupiers. It proved to be an innovative and ground-breaking concept, which has now been emulated by numerous other facilities management providers within the real estate industry.
It was established in 1997 by Martin Myers and Manish Chande in partnership with Goldman Sachs’ Whitehall Street Funds. Myers and Chande formed the executive management team and co-invested in the entity. The business model of Trillium provided clients with multiple business benefits. Key to its success was the ability for clients to monetise real estate assets on their balance sheets. This lead to greater flexibility in client real estate commitments, a reduction in their risk and costs, and the ability to focus on core activities.
With Chande as CEO, and Myers as Executive Deputy Chairman, their leadership fostered the creation of a business that administered approximately 7,400 properties, consisting of over 80 million sq ft employing over 1,000 people throughout the UK.
As Chief Executive, Chande was integral in securing in excess of £3.4 billion of contracts with the British Government’s Department of Social Security (“DSS”), British Telecommunications plc (“British Telecom”) and the British Broadcasting Corporation (“BBC”).
In 2000, in conjunction with their institutional partners, Myers and Chande sold Trillium to Land Securities plc (“Land Securities”), the UK’s largest quoted property company. Chande stayed on as Chief Executive of Land Securities’ Trillium division and served as a member of Land Securities’ Board until 2002.
