The £1.4bn auction for Land Securities’ Trillium unit has entered the final stages as two parties have been asked to meet the company’s ultimate price for the outsourcing business, including a consortium of Middle Eastern investors fronted by Amanda Staveley’s PCP Capital Partners.

Land Securities has narrowed the list of bidders to two after a five-month process: a group of Middle Eastern investors advised by PCP Capital, which also includes property entrepreneur Vincent Tchenguiz, and William Pears group, family-run London property investment company.