Article: GBP70.25m Sales And First X2 Letting.

M2 PRESSWIRE-13 May 2009-Brixton plc: GBP70.25m Sales And First X2 Letting(C)1994-2009 M2 COMMUNICATIONS LTD

RDATE:13052009

Brixton plc has sold four industrial units to AEW Europe for their European Property Investors Special Opportunities Fund (EPISO) for a total consideration of GBP70.25m. In addition Brixton has also completed the letting of three units at its two-storey warehouse scheme X2, Heathrow and 2 units at The Heathrow Estate.

Sales

Unit 3, Polar Park, Heathrow has been sold for GBP11,212,500, a net initial yield of 6.7%, assuming normal purchase costs of 5.725%. It is let to the Metropolitan Police Authority at a rent of ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!