RNS Number:8990W
Brixton Estate PLC
9 January 2001

9th January 2001


Brixton Estate plc (Brixton) has completed leases on the two unit new
development at its 300,000 sq ft Maylands Wood Estate, in Hemel Hempstead.
Units C1 and C2 comprising 22,098 sq ft and 20,861 sq ft have both been let to
Hutchison 3G (UK) Ltd (Hutchison), the mobile communications company, and will
be used as switch centres.

The leases are each for 25 years on an FRI basis with a tenant's break at the
end of the 20th year. The total rental is #322,300 per annum exclusive (#7.50
per sq ft) and 12 month rent free periods have been granted.

Hutchison join Cable and Wireless, Colo.com, Guardian iT, NTL, Mercury, TyCom
and Vodafone, as switch and data centre operators in Brixton's portfolio.

Brixton's letting agents were Insignia Richard Ellis and Lambert Smith

For further information contact:

Tim Wheeler          Brixton Estate          020 7400 4426

Steven Owen          Brixton Estate          020 7400 4432

Paul Davies          Financial Dynamics      020 7269 7219

Ben Foster          Financial Dynamics       020 7269 7247

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