LONDON-The Prudential Assurance Company has paid £50 million for a 45.6% bought a substantial stake in Equiton, the specialist industrial fund set up by Brixton and Equitable Life. The sale leaves Brixton holding just 8.8%, but it will continue to manage the fund.

Equiton was formed in October 1999 as a 50:50 Limited Partnership between Brixton and Equitable Life and since then it has assembled a portfolio of 21 industrial estates totaling 1.5m sf in London and the South East. Brixton now plans to expand the fund and its target market is industrial investments in the £2 million — £12 million ($2.8 million — $17 million) price band predominantly in the South East.

The deal gives Equitable and the Prudential exposure to a specialist sector in the only third party fund with a specific South East industrial focus. Brixton has renegotiated the basis of its management fee, and it is also looking to set up similar funds for other classes of investor. Insignia Richard Ellis acted for Brixton.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.