Two directors at West London industrial specialist Brixton are leaving the company as a result of its decision to freeze development.
Chris Sheedy, senior operations director of development management, and Hugo Buchanan, operations director of project management, will leave in early April.
Brixton revealed strong results for 2007 last week, with an adjusted net asset value rise of 2.1% to 545p a share. Its like-for-like valuation figure also rose by 1.5% over the year.
However, at the time Wheeler said that he was cautious about the year ahead, and was curtailing the company’s development pipeline to ride out the economic slowdown.