Segro and Brixton are in talks to form the largest industrial-property company in the United Kingdom. The proposed merger, however, has thus far been stalled by Brixton's debt load. "Our balance sheet is in a very strong position. There will continue to be speculation as to how we might finance it ... but we are not planning to put our positions that we have right now in any jeopardy," said Segro chief executive Ian Coull.

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