The chief executive of Foxtons is set to take home more than £1.2 million
after the estate agent proposed a special dividend in its first full-year
report as a public company.

The brash estate agent, which floated in September and has capitalised on the
booming London property market, proposed a final dividend of 1.7p and a
special dividend of 3.7p as part of a £15.4 million payout.

This equates to £1.2 million in dividends for Michael Brown, Foxton’s chief
executive, who holds 22.7 million shares.

It is a drop in the ocean for Mr Brown who in Spetember sold half