Brixton plc
Encyclopedia
Brixton plc is a British
-based property business headquartered in London
. It is a former constituent of the FTSE 250 Index
. The firm switched to Real Estate Investment Trust status when REITs were introduced in the United Kingdom in January 2007.
.
In 1945 the company began to build up a portfolio by acquiring properties damaged by bombing during World War II
.
In 1997 the company decided to focus on industrial properties to the West of London
and in 2001 the name changed to Brixton plc.
In 2007 the company converted to a real estate investment trust
.
In August 2009 Brixton was taken over by SEGRO.
area. The main properties are at:
At 31 December 2008 its portfolio was valued at £1.6bn.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
-based property business headquartered in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
. It is a former constituent of the FTSE 250 Index
FTSE 250 Index
The FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th largest companies on the London Stock Exchange. Promotions to and demotions from the index take place quarterly in March, June, September and December...
. The firm switched to Real Estate Investment Trust status when REITs were introduced in the United Kingdom in January 2007.
History
The company was founded in 1924 by Percy Mayer as Brixton Estate Limited to acquire a 6 acres (24,281.2 m²) site at Brixton Road in LondonLondon
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
.
In 1945 the company began to build up a portfolio by acquiring properties damaged by bombing during World War II
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...
.
In 1997 the company decided to focus on industrial properties to the West of London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
and in 2001 the name changed to Brixton plc.
In 2007 the company converted to a real estate investment trust
Real estate investment trust
A real estate investment trust or REIT is a tax designation for a corporate entity investing in real estate. The purpose of this designation is to reduce or eliminate corporate tax. In return, REITs are required to distribute 90% of their taxable income into the hands of investors...
.
In August 2009 Brixton was taken over by SEGRO.
Operations
The company owns a portfolio of circa 25 m sq. ft. of industrial and commercial properties in the West LondonLondon
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
area. The main properties are at:
- Park RoyalPark RoyalPark Royal is an area in northwest London, UK. It is the largest industrial and business park in London, occupying about , and is promoted commercially by the Park Royal Partnership...
, LondonLondonLondon is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its... - Hatton Cross, Heathrow
- Greenford Park, GreenfordGreenfordGreenford is a large suburb in the London Borough of Ealing in west London, UK. It was historically an ancient parish in the former county of Middlesex. The most prominent landmarks in the suburb are the A40, a major dual-carriageway; Horsenden Hill, above sea level; the small Parish Church of...
At 31 December 2008 its portfolio was valued at £1.6bn.