West London’s largest industrial property owner has shifted emphasis away from development of new assets, to ensuring returns from exisiting ones. This comes two weeks after the company posted strong figures, but against a backdrop of caution about the coming year, and the prospect of an economic slowdown.
It will complete its ongoing development at the end of April – the X2 shed at Heathrow – and then will not start on any new projects until market conditions are more stable. This includes phase the Origin site at Park Royal, which has planning consent.
Two directors at are leaving as a result of the decision according to Property Week – Senior operations director of development management Chris Sheedy and operations director of project management Hugo Buchanan. 
Operations director Steve Lee will continue to head the slimmed-down development team, but Brixton’s focus will be on lining up tenants for existing stock rather than further expansion.
