Brixton Market, London

Acquisition of a unique investment opportunity

Acting for Hondo Enterprises & Angelo, Gordon & Co, Bruce Gillingham Pollard have acquired Brixton Market and Market Row for £37,250,000. Additionally Bruce Gillingham Pollard acted on the acquisition of the overriding leasehold interest for a confidential sum. 

Bruce Gillingham Pollard were able to draw on their extensive occupier relationships and contacts to engineer a purchase structure that was blind to the open market.

Woody Bruce of Bruce Gillingham Pollard commented: "The assets, in our opinion, were heavily under rented and we held detailed conversations with both existing and potential occupiers in order to underwrite our reversionary appraisals.  Our unrivalled track record in both the Central London leisure market and our wider market strength in the investment market ensured we were able to maximise value though the transaction and we are now implementing the asset management strategy through the hold.”
The vendor received a high number of bids through the open market campaign but Bruce Gillingham Pollard were able to provide certainty and deliverability through our purchase strategy, underpinned by occupier knowledge.

Project Details

Both Market Row and Brixton Village are extremely popular leisure and retail destinations in their own right.

The markets are occupied by some 140-specialist retailers, and restaurants as well as artists’ studios, offices, storage units and six residential flats let on AST’s. A number of the existing retailers, such as Franco Manca and Honest Burger, have gone on to become well-known brands having started out in Market Row and Brixton Village respectively.

Hondo Enterprises is a property investment, development and asset management company specialising in opportunistic and value-add transactions in Central London.
Please contact Woody Bruce, Jack Barratt or Nick Halley.