Brixton plc said it has completed the disposal of £240m worth of property from its Industrious portfolio, with the sale of the remaining portfolio, worth £9m, expected to be completed shortly.
The purchaser is a vehicle managed by Teesland iOG, a subsidiary of
Teesland plc, with funding from Teesland iOG and The Royal Bank of Scotland.
Brixton announced in December that it had secured the right to dispose of the properties, conditional on it completing the purchase of various entities from subsidiaries of Industrious Holdings (Jersey) Ltd.
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Source: Freeman
