Land Securities Trillium has taken full control of Investors in the Community (IIC) after buying out its 50:50 joint venture partner, the Mill Group

Trillium has agreed to pay Mill Group £7.4m for the remaining 50% interest in IIC.

Since creating the partnership in January 2006, the group has been pitching for contracts in the Building Schools for the Future and community public private partnership markets.

It is shortlisted for £500m of Building Schools for the Future projects in Islington and Kent and is looking for additional opportunities in socially responsible community projects.

Ian Ellis, chief executive of Land Securities Trillium, said: ‘[Trillium] believes that the total ownership of IIC together with the recent acquisition of the Secondary Markets Infrastructure Fund will provide the group with a broad reach into its target markets.’

IIC manages a £650m portfolio on behalf of institutional investors. It comprises 17 secondary and six primary schools and 22 local authority and community health sector facilities.

All 49 IIC employees will join Trillium following the acquisition.