Goldman Sachs, Wellcome Trust in joint bid for Network Rail’s commercial property estate: Reuters

Goldman Sachs (GS.N) and the Wellcome Trust [WELLTF.UL] charity have made a joint bid to buy the commercial property portfolio of Britain’s Network Rail [NETRAH.UL], a spokeswoman for the Wellcome Trust said.

Sky News reported on Wednesday that the U.S. investment bank and the British medical charity have tabled a 1.2 billion pound ($1.7 billion) bid for about 5,500 premises owned by National Rail, the British state-backed entity which is independently run.

Goldman Sachs and Wellcome Trust declined to confirm details of the bid.

“Wellcome Trust and Goldman Sachs have submitted a non-binding indicative offer for the commercial estate of Network Rail,” a spokeswoman for Wellcome Trust said in an emailed statement.

A spokesman from Goldman Sachs confirmed the news but declined to comment further.