Brixton plc
{{short description|Property company in London}}
{{Use dmy dates|date=April 2022}}
{{Infobox company
| name = Brixton plc
| logo = Brixtonlogo.png
| type = Public ({{lse|BXTN}})
| foundation = 1924
| fate = Acquired by SEGRO
| key_people = Lady Louise Patten, Chairman
Peter Dawson, CEO
| industry = Property
| products =
| revenue = £89.8 million (2008)
| operating_income = £(532.5) million (2008)
| net_income = £(767.7) million (2008)
| num_employees =
| parent =
| subsid =
| homepage =
| caption =
| footnotes =
}}
Brixton plc was a British-based property business headquartered in London. It was a former constituent of the FTSE 250 Index. The firm was acquired by SEGRO in 2009.
History
The company was founded in 1924 by Percy Mayer as Brixton Estate Limited to acquire a {{convert|6|acre|m2|adj=on}} site at Brixton Road in London.
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.
The company converted to a Real Estate Investment Trust status when REITs were introduced in the United Kingdom in January 2007.
In August 2009 Brixton was taken over by SEGRO.[http://business.timesonline.co.uk/tol/business/industry_sectors/construction_and_property/article6552544.ece Segro reaches agreement to buy struggling rival Brixton]{{dead link|date=September 2024|bot=medic}}{{cbignore|bot=medic}} The Times, 22 June 2009
Operations
The company owned a portfolio of circa 25 m sq. ft. of industrial and commercial properties in the West London area. The main sites were:
- Park Royal, London
- Hatton Cross, Heathrow
- Greenford Park, Greenford
At 31 December 2008 its portfolio was valued at £1.6bn.[http://www.brixton.plc.uk/investors/Brixton_plc_2008_Preliminary_Results_Announcement_16_March_2009.pdf Preliminary results 2008] {{webarchive |url=https://web.archive.org/web/20090424002627/http://www.brixton.plc.uk/investors/Brixton_plc_2008_Preliminary_Results_Announcement_16_March_2009.pdf |date=April 24, 2009 }}
References
{{reflist}}
External links
- [https://web.archive.org/web/20071017024434/http://www.brixton.plc.uk/ Archived official site]
{{Real estate in the United Kingdom}}
Category:Real estate investment trusts of the United Kingdom
Category:Defunct companies based in London
Category:Real estate companies established in 1924
Category:1924 establishments in the United Kingdom
Category:2009 disestablishments in the United Kingdom