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Times are not yet a-changin’ for Brixton and its peers

By Andrew Hill

Published: August 19 2008 20:32 | Last updated: August 19 2008 22:16

Real estate companies’ figures can be a thicket of valuation arcana and acronyms, so Tim Wheeler deserves credit for cutting through the undergrowth with pictures and protest songs. Brixton’s chief executive authorised an image of the four horsemen of the Apocalypse for the cover of the property group’s half-year report, and a long passage from Bob Dylan’s “All Along the Watchtower” inside.

Needless to say, his Dylan-inspired message on property values – that nobody “knows what any of it is worth” – was a sobering one. It helped prompt a 9 per cent fall in the company’s share price on Tuesday.

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