LONDON (ShareCast) - Property group Brixton said it has let nine properties totalling 103,963 square feet in June. The lettings will generate £946,000 of annualised rental income.
The company, which is engaged in merger negotiations
with
SEGRO (LSE: SGRO.L - news) , said the company has also completed a reversionary lease with Sainsbury (LSE:
SBRY.L -
news) 's Supermarkets Limited at Hampshire House at Feltham Corporate Centre, Heathrow.
The new lease will start on 25 December 2011 and will run for 15 years, and will include a rent free period of 18 months.
"The Sainsbury's deal is a good example of how we engage with our customers to find the right lease structure for their business needs and, by doing so, generate new income," claimed Brixton's operations director, Steve Lee.
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