Brixton close to Equiton sale

Brixton are reported close to selling their Equiton share.

The FT reports them about to sign a deal with Westbrook Partners. The Equiton JV with Prupim holds assets worth around £225m in 42 multi-let estates around south-east England. They had put it on the market in March.

The sale would strengthen Brixton's cash position, and their ability to get a good deal for shareholders in the evnt of any takeover bid – Segro had discussions with Brixton over such a takeover recently.

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