The Independent, 4 Mar 2009, Mathieu Robbins
The recent turmoil that has rippled through the real estate market continued on its run yesterday as industrial landlord Brixton Estates unexpectedly replaced chief executive, Tim Wheeler, in a move seen as a gesture to appease investors and a precursor to tapping the markets for money.
The new boss, Peter Dawson, said he would focus on securing financing for the company. The 37-year-old former investment director may be well placed to speak to anxious shareholders and convince them to part with additional cash to help support Brixton.
Fears about Brixton have also been heightened by troubles at its biggest shareholder, the Government of Singapore Investment Corp (GIC), which reportedly lost $33bn last year and owns 10 per cent of Brixton.
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