‘Substantial profit’ as Brixton Market sale confirmed for £37.25 million

Written by on 27 April, 2018 in News - Comments Off on ‘Substantial profit’ as Brixton Market sale confirmed for £37.25 million
Brixton Market Row exterior

Market Row

London and Associated Properties plc, the former owner of Brixton Village and Market Row, announced today (27 April) that it had completed their sale for £37.25 million.

In a statement, the company said: “Last valued at 31 December 2016, the sale represents a substantial profit over the stated book value of £24.5 million.”

£15.9 million of the proceeds have been used to repay debt, and the balance has been added to LAP’s cash reserves.

Hondo Enterprises, controlled by London-resident Texan Taylor McWilliams, announced in March that it had bought both the freehold and leaseholds of the property and that it wanted a “conversation” with the local community.

About the Author

Alan Slingsby moved to Brixton just as the 1981 uprising began. His nearest pub was the Effra and nearest off licence the Frontline — long gone in an earlier wave of closures of treasured community establishments. Has edited newspapers for the National Union of Students and National Union of Teachers. Now makes a living designing magazines and books and anything else people will pay him for.

Comments are closed.

%d bloggers like this: