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1924 Brixton Estate Ltd formed to acquire six acre site at Brixton Road, London SW9 at a cost of £135,000 (Sold in 2005 for £56m).
1935 Becomes a public company with capital of £180,000.
1945 Gross value of assets £605,000.
Post 1945 Acquisition and development of London bomb sites for offices.
1962 Clerical Medical (now Insight/HBOS) acquires 18% stake in the Company as consideration for the sale of £2m of assets.
1967 Overseas expansion begins in Australia.
1970 Acquisition of 100 acre site that became Woodside Estate at Dunstable for £390,000 (Sold in 2003 for £95m). Gross value of assets £29m.
1972-1985 Properties acquired/operations opened in Belgium, France, Holland, Germany and the US.
1980 Gross value of assets £171m.
1983-1990 Office development expansion primarily in London, the suburbs, and the Western Corridor.
1990 Gross value of assets £702m.
1992 Steven Owen promoted to Board as Finance Director.
1993 Two for five rights issue raised £100m. Primarily spent on high yielding offices in the UK.
1994 All UK bank facilities converted from secured to unsecured in a major change of financial strategy – level of secured debt fell from 95% to 59%.
1997 Tim Wheeler promoted to Board as Property Director. Restructuring of the Company and portfolio. Disinvestment from non-industrial sectors as stated desire to dominate West London industrial/warehouse market. By 2000 all overseas properties sold and operations closed (Australia, Belgium, Germany and the US).
1999 Creation of Equiton fund – now worth approximately £370m. Debut issue of £100m 6% unsecured bond in public bond market.
2000 Tim Wheeler appointed CEO and Steven Owen Deputy CEO. Gross value of assets £1.5bn.
1997-2006 216 industrial estates purchased costing £1.8bn.
2001 Name change to Brixton plc. Creation of Customer Service/Asset Management subsidiary B-Serv.
2004 £100m+ acquisition of 2.7 m sq ft portfolio at Trafford Park, Manchester. Equity placing of 24.4m new shares (9.9% of share capital) raising £68.5m to part fund Trafford acquisition. Creation of Heathrow Big Box Fund – now worth approximately £285m.
2005 £600m corporate acquisition of Industrious (£675m portfolio) – third largest industrial owning property company in the UK. Final sale of office portfolio for £178m. Sale of £250m of assets from Industrious acquisition. £150m 5.25% unsecured bond issued increasing total bonds in issue to £635m.
2006 Total sales of £560m including a further £417m from the Industrious portfolio. £76m spent on three investment acquisitions at Heathrow. £10m further investment purchase at Trafford Park. 24 acre Guinness Brewery site purchased at Park Royal for £47m. Portfolio today worth over £2.1bn totalling 17.2m sq ft in more than 80 estates, only seven of which have been owned for more than 13 years. 75% of the portfolio is in Greater London (only 8% located outside the South East).
2007 Government Of Singapore Investment Corporation (GIC) buys approximately half of HBOS (Clerical Medical) shareholding, leaving each with c.10%.
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