MRF Moorfield Grp.

RNS Number:8003C
Brixton Estate PLC
20 December 1999



BRIXTON GROUP COMPLETES #73M PORTFOLIO ACQUISITION

Following the announcement made on 25 October 1999 the Brixton Group
confirms that it has completed the acquisition of 14 industrial estates
for #73million from the Moorfield Group PLC.

Brixton Estate plc has acquired directly 8 industrial estates for
#41.175m with the Equiton Industrial Partnership (Equiton) acquiring 6
estates for #31.825m.

Equiton is a 50:50 limited partnership between Brixton Estate plc and
the Equitable Life Assurance Society.  This is Brixton's second limited
partnership with Equitable and its third such joint venture vehicle this
year.




For further information, please contact:

Douglas Gardner          Brixton Estate plc       0171 400 4401
Steven Owen              Brixton Estate plc       0171 400 4432

END

ACQNFFAEAEANFFN

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