Member profile

Brixton PLC

The company is the leading specialist owner of industrial and warehousing space in the UK with over 90% of its portfolio by value in the South East. Brixton’s business model is based around growing income from a satisfied base of occupiers who have unrivalled choice and customer service through its B-Serv subsidiary.

Market capitalisation

£893.2m (as at 10.03.08)

Property portfolio

100% of the portfolio is industrial and warehousing and Brixton is the largest property company in the UK operating purely in this sector. Brixton owns and/or manages more than 19m sq ft in over 1,300 units (Brixton’s share is now worth approximately £2.45bn*) in nearly 90 estates.

By value, 77% of the portfolio is based in Greater London, 15% in the Rest of the South East, and 8% in Manchester. Brixton has grown to dominate the West London industrial market – predominantly Park Royal and Heathrow – the powerhouse of the service based economy in the UK, and the location of the highest value real estate of its type in the world.

* December 2007 values

Plans to launch a REIT?

Converted to REIT status on 1 January, 2007.

Reason for joining The REITs and Quoted Property Group

To promote the benefits of REITs as a new tax-efficient way of investing in property to private investors and financial advisers. To attract new investors and capital to the property sector.

Additional information

"Brixton's ability to deliver outperformance is demonstrated by its 2007 results:

• Valuation: Surplus of 0.7% (+1.5% like-for-like) cf. IPD at
  -8.4% (IPD UK Annual Industrial Index)
• Rental growth outperformance: 5.1% increase over estimated rental values on lettings, reviews and renewals. Valuers’ income growth of 5.0% cf. IPD at 1.6% (IPD UK Annual Industrial Index)
• Dividend: annual dividend up 11.5% at 13.6p. 40-year unbroken record of increasing dividend.

Brixton's customer service subsidiary, B-Serv, manages all space under direct ownership or in Brixton's joint ventures. B-Serv's active management approach creates cost-effective and efficient working environments for customers."

NB. All figures quoted here taken from Brixton plc's 2007 Preliminary Results Announcement

Find out more

www.brixton.plc.uk

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