Segro and Brixton said on Wednesday they were both examining the potential for rights issues a day after panicked investors wiped £850m off the value of property stocks on fears that some companies would be unable to raise new equity.

Segro tumbled 18 per cent on Tuesday, its lowest level since 1992, while Brixton fell 28 per cent on the day as investors feared the companies may have left it too late for a rights issue, and could breach debt covenants.