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LONDON-Brixton has continued its strategy of selling more peripheral non coreAssets with the £20.7 million ($35 million) sale of the Sterling Centre, Bracknell, Berkshire, to Akaria Investment. The sale price is some 5.87% ahead of Brixton’s June 2003 half year valuation figure of £19.5 million ($33 million).

The estate was acquired by Brixton in 1996 and developed in two phases: the first comprised six units totalling89,000 sf and then an adjacent site of of 3.7 acres was developed as a four-unit second phase of 76,000 sf. The development is fully let producing £1.4 million ($2.5 million) per annum.

King Sturge advised Brixton on the sale, while Aberdeen Property Investors andCB Richard Ellis represented Akaria.

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