Brixton, the West London industrial property developer, defied the general slump in commercial property as the value of its holdings rose 0.7 per cent to £2.45 billion.
The small increase in Brixton's estate is set against a fall on average of 8.4 per cent for the value of Britain's industrial property holdings while the £450 billion UK commercial property market lost on average 7.7 per cent of its value last year, according to figures for the Investment Property Databank.
“These results continue to differentiate Brixton's business from the general commercial property market,” Tim Wheeler, the firm’s chief executive, said. “We remain confident with our positioning at this stage in the economic cycle and the prospects for the business going forward”
