Two directors have left UK industrial property firm Brixton following the decision to curtail its development activities in the current uncertain market conditions.
Two directors have left UK industrial property firm Brixton following the decision to curtail its development activities in the current uncertain market conditions.
In a statement on Thursday, the real estate invest trust (REIT) announced Chris Sheedy, senior operations director - development management, and Hugo Buchanan, operations director - project management (new build) will leave the company in early April.
Brixton's CEO Tim Wheeler commented: 'Chris and Hugo leave Brixton as a consequence of the company expecting to have a lighter workload from its development programme'.
During the presentation of the 2007 results last week Wheeler said Brixton hold off 'pressing the button' on new developments until a clearer picture emerged of the direction the UK property market was taking.
Brixton owns or manages more than 19 million square feet of industrial and warehouse space in the UK.
