Brixton up from down under
Brixton has finally pulled out of Australia. Its last remaining asset in the country, an industrial estate at Sandringham was sold for A$8.4m.
Salsbury joins TR property
Peter Salsbury, joint managing director of Marks & Spencer, has taken a non-executive directorship at TR Property Investment Trust. His responsibilities at M&S include propertydevelopment and site acquisitions.
£12m issue funds Barrasford buy
AIM-listed Barrasford is raising £12m of equity to fund its purchase of eight residential buildings at Queen’s Gate Terrace, NW7. There will be a placing and open offer of 100m shares at 12p a share. Charles Staley & Co are the brokers.
Century acquires Pubmaster Inns
Century Inns has bought 78 managed houses from Pubmaster for £35.1m plus an additional payment of up to £900,000 for assets, mainly stock. The houses are mainly in the North East, South East and East Anglia.
Investments raise Boots’ profits
Boots Properties increased profits by 5.7% to £72.1m in the year to March. There were no development profits, but sales of investmentproperties raised a profit of £15.3m.
