Brixton has sold two buildings at Kingsland Business Park in Basingstoke at a 9% yield.

The industrial REIT sold the properties for £6.9m, slightly above the December 2008 valuation price, to the tenant, Oxoid, which was paying a combined rent of £667,500 a year on leases due to expire in September.

The properties include a 119,000 sq ft factory on an island site of 5 acres.

Following the sale, Brixton will retain a total of 677,000 sq ft in 49 units at Kingsland Business Park.

New chief executive, Peter Dawson, said that Brixton would be undertaking a full review of its property portfolio.

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